earnings
confidence high
sentiment positive
materiality 0.85
FormFactor reports record Q1 revenue $226.1M, Non-GAAP EPS $0.56 above outlook; Q2 guide points to another record
FORMFACTOR INC
2026-Q1 EPS reported
$0.26
revenue$226,144,000
- Revenue $226.1M (record), +32% YoY; Non-GAAP EPS $0.56 vs $0.23 YoY, exceeding outlook range.
- Non-GAAP gross margin 49.0%, up 510 bps QoQ and 250 bps above outlook high end.
- Record DRAM revenue driven by HBM and non-HBM demand; Foundry & Logic growth from networking probe cards.
- Q2 outlook: revenue ~$240M (another record), Non-GAAP EPS $0.61 ± $0.04, gross margin 49.5%.
- GAAP net income $20.4M ($0.26 diluted); free cash flow $30.7M.