Quarterly ResultJul 29, 2026, 04:03 PM
FormFactor Q2 Revenue $258.2M, GAAP EPS $0.71, Non-GAAP EPS $0.82
AI Summary
FormFactor Inc. announced record financial results for the second quarter of fiscal 2026, with revenue reaching $258.2 million, GAAP diluted EPS of $0.71, and non-GAAP diluted EPS of $0.82, all exceeding the high end of their outlook. The company experienced broad-based demand, particularly in High Bandwidth Memory and Co-Packaged Optics, and reported strong gross margins and free cash flow. Additionally, FormFactor expanded its multi-year partnership with Keystone Microtech, reinforcing its presence in the Taiwan semiconductor ecosystem, and provided a strong outlook for Q3 2026.
Key Highlights
- Q2 2026 revenue was $258.2 million, up 31.9% YoY and 14.2% QoQ.
- GAAP diluted EPS for Q2 2026 was $0.71, up from $0.12 YoY and $0.26 QoQ.
- Non-GAAP diluted EPS for Q2 2026 was $0.82, up from $0.27 YoY and $0.56 QoQ.
- GAAP gross margin for Q2 2026 was 50.7%, up from 37.3% YoY and 38.4% QoQ.
- Non-GAAP gross margin for Q2 2026 was 53.3%, up from 38.5% YoY and 49.0% QoQ.
- GAAP net cash provided by operating activities was $61.8 million.
- Free cash flow for Q2 2026 was $52.6 million, compared to negative $47.1 million YoY.
- Expanded multi-year partnership with Keystone Microtech in Taiwan.
Price Impact
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