---
schema_version: "secwatch.filing_event.v1"
accession: "0001039399-24-000004"
form_type: "8-K"
ticker: "FORM"
cik: "0001039399"
company_name: "FORMFACTOR INC"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:21:00.463235+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FormFactor Q4 revenue $168.2M; divests China ops to Grand Junction

## Summary
- GAAP net income $75.8M ($0.97 EPS) includes $73.0M gain from sale of FRT; non-GAAP EPS $0.20.
- Revenue $168.2M, down 2% QoQ, up 1.3% YoY; FY2023 revenue $663M, down 11.3% from FY2022.
- Signed agreement to divest China operations to Grand Junction Semiconductor, forming exclusive distribution partnership.
- Q1 FY2024 outlook: revenue ~$165M ± $5M, non-GAAP EPS $0.19 ± $0.04.
- Non-GAAP gross margin 42.1%, up from 31.7% YoY; GAAP gross margin stable at 40.4%.

## SEC filing metadata
- accession: 0001039399-24-000004
- form_type: 8-K
- ticker: FORM
- cik: 0001039399
- company_name: FORMFACTOR INC
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/form-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-24-000004
- JSON: https://secwatch.observer/filing/0001039399-24-000004.json
- Plain text: https://secwatch.observer/filing/0001039399-24-000004.txt

## Key facts
- Earnings Releases
  FORMFACTOR INC reported fiscal 2023 ended December 30, 2023 results: revenue $663 million, net income $82.4 million, EPS $1.05 per fully-diluted share.
  - Period: fiscal 2023 ended December 30, 2023
  - Revenue: $663 million
  - Net income: $82.4 million
  - EPS: $1.05 per fully-diluted share
  - Result: reported results
  source text: For fiscal 2023, FormFactor recorded revenues of $663 million, down 11.3% from $748 million in fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm
- Earnings Releases
  FORMFACTOR INC reported the fourth quarter of fiscal 2023 ended December 30, 2023 results: revenue $168.2 million, net income $75.8 million, EPS $0.97 per fully-diluted share.
  - Period: the fourth quarter of fiscal 2023 ended December 30, 2023
  - Revenue: $168.2 million
  - Net income: $75.8 million
  - EPS: $0.97 per fully-diluted share
  - Result: reported results
  source text: Quarterly revenues were $168.2 million, a decrease of 2.0% compared to $171.6 million in the third quarter of fiscal 2023, and an increase of 1.3% from $166.0 million in the fourth quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm
- Earnings Releases
  FORMFACTOR INC reported the first quarter ending March 30, 2024 results: revenue $165 million +/- $5 million, EPS $0.07 +/- $0.04. Guidance initiated.
  - Period: the first quarter ending March 30, 2024
  - Revenue: $165 million +/- $5 million
  - EPS: $0.07 +/- $0.04
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter ending March 30, 2024, FormFactor is providing the following outlook*: GAAP Reconciling Items** Non-GAAP Revenue $165 million +/- $5 million — $165 million +/- $5 million Gross Margin 40% +/- 1.5% $2 million 41% +/- 1.5% Net income per diluted share $0.07 +/- $0.04 $0.12 $0.19 +/-$0.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000004/0001039399-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.