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Formfactor (FORM)
NASDAQ:FORM
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 7.92%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted expected growth in key areas such as HBM probe cards and new acquisitions, but also noted significant challenges, including revenue declines, tariff impacts, and decreased profitability metrics. The sentiment is mixed with positive outlooks overshadowed by current operational and geopolitical challenges.Company Guidance
During FormFactor's Q1 2025 earnings call, the company provided guidance anticipating double-digit sequential revenue growth in Q2, driven by increased demand across all major markets and segments. CEO Mike Slessor highlighted the growth in demand for high bandwidth memory (HBM) DRAM probe cards and co-package optics test systems, largely due to hyperscalers investing in generative AI. The guidance also anticipated corresponding increases in gross margin and earnings per share. CFO Shai Shahar presented financial highlights, noting Q1 revenues of $171.4 million and a non-GAAP gross margin of 39.2%. For Q2, the revenue is expected to rise to $190 million, plus or minus $5 million, with a gross margin increase to 40% plus or minus 150 basis points. The company's outlook incorporates potential revenue and gross margin impacts due to tariffs, with an estimated mid-single-digit million-dollar reduction in revenues and a one percentage point decrease in gross margins.Anticipated Double-Digit Sequential Revenue Growth
FormFactor expects double-digit sequential revenue growth in the second quarter, driven by hyperscalers' investments in generative AI and increased demand for high bandwidth memory DRAM probe cards.
Strength in HBM Probe Card Demand
Record-level DRAM probe card revenue is expected in the second quarter, with growth in HBM applications, driven by shipments for existing HBM3e and new HBM4 designs.
Successful Acquisition to Enhance Product Capability
FormFactor, along with MBK Partners, completed the acquisition of FICT Limited, solidifying access to multilayer organic substrates technology needed for advanced foundry and logic probe cards.
Systems Segment Growth Driven by Innovation
The Systems segment expects moderate sequential growth, driven by innovation in areas like quantum computing and co-package optics using silicon photonics.
Completion of Share Buyback Program
FormFactor completed a two-year $75 million share repurchase program, ahead of schedule, and the Board approved a new two-year $75 million program.
FORM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FORM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $28.14 | $28.97 | +2.95% |
Feb 05, 2025 | $41.12 | $38.33 | -6.79% |
Oct 30, 2024 | $43.81 | $37.98 | -13.31% |
Jul 31, 2024 | $53.56 | $47.25 | -11.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Formfactor (FORM) report earnings?
Formfactor (FORM) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Formfactor (FORM) earnings time?
Formfactor (FORM) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FORM EPS forecast?
FORM EPS forecast for the fiscal quarter 2025 (Q2) is 0.3.