earnings
confidence high
sentiment neutral
materiality 0.75
FormFactor Q4 rev $189.5M (-8.9% seq); FY rev up 15.2%; acquires 20% of FICT for $60M
FORMFACTOR INC
2024-FY EPS reported
$0.89
revenue$763,599,000
- Q4 GAAP net income $9.7M ($0.12 EPS) vs $18.7M ($0.24) in Q3; Non-GAAP EPS $0.27 vs $0.35.
- Q4 revenue $189.5M, down 8.9% sequentially, up 12.7% YoY; FY24 revenue $764M, +15.2%.
- HBM revenue grew fourfold in FY24; DRAM probe-card revenue set third consecutive quarterly record.
- Acquired 20% minority stake in FICT Limited for ~$60M with MBK Partners; close expected in Q1 2025.
- Q1 FY2025 guidance: rev ~$170M, non-GAAP gross margin ~38%, non-GAAP EPS ~$0.19.