Quarterly ResultApr 29, 2026, 04:02 PM
FORM Q1 Revenue $226.1M, +32% YoY; Non-GAAP EPS $0.56; Record Revenue
AI Summary
FormFactor, Inc. announced record financial results for Q1 2026, with revenues reaching $226.1 million, a 32.0% increase year-over-year. Non-GAAP gross margin was 49.0%, significantly exceeding the outlook, and non-GAAP EPS was $0.56, also above the high end of the outlook range. The company expects to set another revenue record in Q2 2026, with sequential increases in gross margin and EPS.
Key Highlights
- Q1 2026 Revenue $226.1M, up 32.0% YoY and 5.1% sequentially, an all-time record.
- Q1 2026 Non-GAAP EPS $0.56, exceeding the high end of the outlook range.
- Q1 2026 Non-GAAP Gross Margin 49.0%, up 510 basis points sequentially.
- Record DRAM revenue driven by HBM and non-HBM applications.
- Significant increase in Foundry & Logic demand for networking probe cards.
- Q1 2026 GAAP Net Income $20.4M ($0.26 per diluted share).
- Q2 2026 Revenue outlook $240M +/- $5M, expected to be another record.
- Q2 2026 Non-GAAP EPS outlook $0.61 +/- $0.04.