FormFactor Q2 revenue $197.5M (+26.7% YoY); DRAM probe card revenue all-time high

FORMFACTOR INC

2024-Q2 EPS reported $0.52 revenue$366,199,000

Revenue $197.5M, up 17% QoQ and 26.7% YoY; GAAP EPS $0.25, non-GAAP EPS $0.35.
GAAP gross margin 44.0% (up from 37.2% QoQ); non-GAAP gross margin 45.3%.
DRAM probe-card revenue hit all-time record; HBM revenue doubled for third consecutive quarter.
Q3 guidance: revenue $200M ± $5M, non-GAAP EPS $0.31 ± $0.04.
CEO attributes growth to generative-AI infrastructure investments driving HBM demand.

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