FormFactor Q2 revenue $258.2M, record EPS $0.71 GAAP; Q3 guidance above consensus

FORMFACTOR INC

Revenue $258.2M, up 14.2% QoQ and 31.9% YoY; GAAP EPS $0.71 vs $0.26 prior Q.
Non-GAAP EPS $0.82, up from $0.56 in Q1; Non-GAAP gross margin 53.3% vs 49.0%.
Q3 outlook: revenue $270M ±$10M, Non-GAAP EPS $0.86 ±$0.09, both above Street.
Free cash flow $52.6M vs negative $47.1M a year ago; operating cash flow $61.8M.
Expanded multi-year partnership with Keystone Microtech in Taiwan semiconductor ecosystem.

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