Quarterly ResultJul 29, 2026, 04:09 PM
FormFactor Q2 Revenue $258.2M, EPS $0.71; Record Results
AI Summary
FormFactor, Inc. announced strong financial results for the second quarter of fiscal 2026, reporting record revenue, gross profit, and earnings per share that exceeded its outlook. The company saw broad-based demand, particularly in High Bandwidth Memory and Co-Packaged Optics, driving sequential revenue increases in both Probe Cards and Systems segments. FormFactor also expanded its multi-year partnership with Keystone Microtech and provided a positive outlook for the third quarter, anticipating another quarter of record revenue and profitability.
Key Highlights
- Reported record Q2 2026 revenue of $258.2 million, up 31.9% year-over-year.
- Achieved GAAP diluted EPS of $0.71, significantly up from $0.12 in Q2 2025.
- Non-GAAP diluted EPS reached $0.82, compared to $0.27 in Q2 2025.
- GAAP gross margin improved to 50.7% in Q2 2026 from 37.3% in Q2 2025.
- Non-GAAP gross margin was 53.3%, up from 38.5% in the prior year's quarter.
- Announced an expanded multi-year partnership with Keystone Microtech.
- Provided Q3 2026 revenue outlook of $270 million +/- $10 million.
- Projected Q3 2026 non-GAAP diluted EPS of $0.86 +/- $0.09.
Price Impact
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