Recent Updates — FORM

FormFactor reported third-quarter fiscal 2026 results ending September 26, 2026, with quarterly revenues of $280.5 million, an increase of 38.4% from the prior year period. GAAP net income was $73.8 million, or $0.93 per diluted share, while non-GAAP EPS reached $1.04. Gross margin expanded to 54.7% on a GAAP basis and 56.5% on a non-GAAP basis, exceeding the high end of management's guidance range for all three metrics. The company cited broad-based demand strength in Foundry & Logic and Systems segments, particularly for co-packaged optics. FormFactor provided fourth-quarter revenue guidance of $285 million plus or minus $10 million. FormFactor is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle.

FormFactor announced a broad technology collaboration with Teradyne aimed at accelerating the development and deployment of next-generation semiconductor devices for high-performance compute, advanced packaging, and AI infrastructure. As part of this partnership, Teradyne agreed to purchase 2,234,887 shares of FormFactor common stock in a private placement transaction for approximately $300 million. The deal is expected to close in the fourth quarter of fiscal 2026, subject to customary closing conditions and regulatory approvals. This strategic equity investment combines FormFactor's probe and interface expertise with Teradyne's automated test platforms to enhance production readiness for emerging semiconductor technologies. FormFactor operates as a leading provider of essential test and measurement technologies along the full integrated circuit life cycle.

FormFactor reported second quarter fiscal 2026 financial results ending June 27, 2026, delivering record revenue of $258.2 million, a 14.2% increase from the prior quarter and a 31.9% year-over-year rise. GAAP net income reached $56.2 million, or $0.71 per diluted share, compared to $20.4 million in the first quarter of fiscal 2026. Gross margin expanded significantly to 50.7% on a GAAP basis and 53.3% on a non-GAAP basis. The company provided third-quarter revenue guidance of $270 million plus or minus $10 million, with non-GAAP net income per diluted share expected between $0.86 and $0.95. FormFactor operates in the semiconductor test and measurement industry.