secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001039399-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FormFactor reports record Q3 revenue of $207.9M; non-GAAP EPS $0.35 at top end of outlook
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- Record revenue $207.9M, up 5.3% sequential and 21.2% YoY; GAAP EPS $0.24, non-GAAP EPS $0.35.
- DRAM probe-card revenue set third consecutive quarterly record; driven by DDR5 and HBM demand.
- GAAP gross margin 40.7% declined from 44.0% in Q2; non-GAAP gross margin 42.2%.
- Q4 outlook: revenue $190M +/- $5M, non-GAAP EPS $0.29 +/- $0.04; expects lower Foundry & Logic demand.
- Free cash flow $20.0M in Q3, up from $14.2M in Q2 and $16.9M in Q3 last year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939924000030/0001039399-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939924000030/form-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001039399-24-000030

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