Quarterly ResultAug 4, 2026, 04:16 PM
FormFactor Q2 Revenue +31.9% to $258.2M; EPS $0.71
AI Summary
FormFactor Inc. reported strong financial results for the second quarter and first half of 2026, with significant year-over-year increases in revenue, net income, and diluted EPS. The company also detailed its 2026 Restructuring Plans, which incurred $27.8 million in charges, aimed at cost structure alignment and gross margin improvement. Additionally, the filing provided an update on the acquisition of Keystone Photonics in December 2025, expanding testing capabilities for silicon photonics and co-packaged optics.
Key Highlights
- Revenue for Q2 2026 increased 31.9% to $258.2 million from $195.8 million in Q2 2025.
- Net income for Q2 2026 surged to $56.2 million, up from $9.1 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.71, a significant increase from $0.12 in Q2 2025.
- Net cash provided by operating activities for the six months ended June 27, 2026, was $106.8 million, up 151.6% from $42.4 million in the prior year.
- The company adopted 2026 Restructuring Plans, incurring $27.8 million in charges for the six months ended June 27, 2026.
- FORMFACTOR INC acquired Keystone Photonics for $20.6 million (net of cash acquired) on December 15, 2025.
- As of June 27, 2026, $70.9 million remained available under the common stock repurchase program.
Price Impact
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