{"schema_version":"secwatch.filing_event.v1","accession":"0001039399-24-000013","form_type":"8-K","ticker":"FORM","cik":"0001039399","company_name":"FORMFACTOR INC","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.980483+00:00","generated_at":"2026-06-03T01:47:23.459089+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FormFactor Q1 revenue $168.7M near top of outlook; sees significant demand step-up in Q2","bullets":["Q1 GAAP net income $21.8M ($0.28 EPS), down from $75.8M in Q4'23 due to prior quarter gain; non-GAAP EPS $0.18, revenue flat YoY.","Non-GAAP gross margin 38.7% below outlook range due to weaker product mix and higher warranty costs.","DRAM probe card demand robust, reaching peak levels last seen in 2021, driven by High-Bandwidth-Memory and DDR5 activity.","Q2 guidance: revenue $195M±$5M, non-GAAP gross margin ~45%, non-GAAP EPS $0.31±$0.04 – significant sequential improvement.","Organizational changes: consolidated global operations, recruited two execs for operations/commercial, appointed director with operational experience."],"urls":{"canonical":"https://secwatch.observer/filing/0001039399-24-000013","json":"https://secwatch.observer/filing/0001039399-24-000013.json","markdown":"https://secwatch.observer/filing/0001039399-24-000013.md","text":"https://secwatch.observer/filing/0001039399-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000013/0001039399-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000013/form-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:47:23.459089+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d6186e4ca93efc5ac7233a053c0c61810c203615","claim":"FORMFACTOR INC reported first quarter of fiscal 2024 ended March 30, 2024 results: revenue $168.7 million, net income $21.8 million, EPS $0.28.","evidence_excerpt":"Quarterly revenues were $168.7 million, an increase of 0.3% compared to $168.2 million in the fourth quarter of fiscal 2023, and an increase of 0.8% from $167.4 million in the first quarter of fiscal 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039399/000103939924000013/0001039399-24-000013-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024 ended March 30, 2024"},{"label":"Revenue","value":"$168.7 million"},{"label":"Net income","value":"$21.8 million"},{"label":"EPS","value":"$0.28"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}