secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001039399-25-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FormFactor Q2 revenue $195.8M beats outlook; non-GAAP EPS $0.27; Q3 rev ~$200M
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- Q2 revenue $195.8M (+14.3% QoQ, -0.8% YoY); GAAP EPS $0.12; non-GAAP EPS $0.27.
- Non-GAAP gross margin 38.5% missed outlook due to unfavorable mix and HBM DRAM ramp costs.
- Free cash flow negative -$47.1M driven by acquisition of Farmers Branch manufacturing facility.
- Secured new $150M revolving credit facility maturing July 2030 with $25M incremental term loan option.
- Q3 guidance: revenue ~$200M (±$5M), non-GAAP EPS ~$0.25 (±$0.04), slightly higher gross margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/0001039399-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939925000077/form-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001039399-25-000077

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