---
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"
generated_at: "2026-06-03T01:47:23.459089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FormFactor Q1 revenue $168.7M near top of outlook; sees significant demand step-up in Q2

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1039399/000103939924000013/0001039399-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000013/form-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039399-24-000013
- JSON: https://secwatch.observer/filing/0001039399-24-000013.json
- Plain text: https://secwatch.observer/filing/0001039399-24-000013.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter of fiscal 2024 ended March 30, 2024
  - Revenue: $168.7 million
  - Net income: $21.8 million
  - EPS: $0.28
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039399/000103939924000013/0001039399-24-000013-index.htm

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