secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001039399-25-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939925000033/0001039399-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939925000033/form-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001039399-25-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer