Formfactor ( (FORM) ) has released its Q1 earnings. Here is a breakdown of the information Formfactor presented to its investors.
FormFactor, Inc. is a leading provider of test and measurement technologies for the semiconductor industry, offering solutions that span the entire semiconductor product life cycle. In its first-quarter earnings report for fiscal 2025, FormFactor reported revenues of $171.4 million, reflecting a slight increase from the same quarter last year but a decrease from the previous quarter. The company also announced a new $75 million stock repurchase authorization, highlighting its commitment to returning value to shareholders. Key financial metrics showed a mixed performance, with a GAAP net income of $6.4 million and a gross margin of 37.7%. On a non-GAAP basis, the net income was $18.0 million, demonstrating a stronger performance compared to the previous year. The company faced challenges in the DRAM segment due to export controls affecting shipments to China, but saw growth in its Foundry & Logic segment. Looking ahead, FormFactor anticipates double-digit sequential revenue growth in the next quarter, driven by increases across its major markets and segments, despite uncertainties from current tariff situations.