FormFactor Q1 revenue $171.4M, EPS $0.08 GAAP; Q2 guidance $190M revenue, $75M buyback authorized

FORMFACTOR INC

2025-Q1 EPS reported $0.08 revenue$171,356,000

Q1 GAAP net income $6.4M ($0.08 diluted) vs Q4 $9.7M ($0.12); non-GAAP $18.0M ($0.23).
Revenue $171.4M, down 9.6% sequentially but above outlook mid-point; Foundry & Logic demand up low-single digits.
DRAM probe card shipments restricted by export controls to China; acquired minority interest in FICT Limited.
Q2 fiscal 2025 outlook: revenue $190M +/- $5M, non-GAAP EPS $0.30 +/- $0.04, GAAP EPS $0.18 +/- $0.04.
Board authorized new $75M stock repurchase plan expiring April 23, 2027; Q1 free cash flow $6.3M.

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