| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 202.68 | 3.5% | 2.5% |
| Total Income | 202.68 | 3.5% | 2.5% |
| Expenditure | 184.67 | 0.6% | 2.8% |
| PBT | 20.43 | 36.8% | 2.5% |
| Net Profit | 15.66 | 72.3% | 16.4% |
| OPM | 8.88% | 2.60pp | 0.30pp |
| NPM | 7.72% | 3.09pp | 1.29pp |
| EPS | 0.20 | 66.7% | 16.7% |
FormFactor Reports Q3 2025 Results; Revenue at $202.7 Million
04 May 2026 · 4 May, 8:34 am
Summary
FormFactor, Inc. reported its financial results for the third quarter of fiscal 2025, with revenues of $202.7 million. This represents a 3.5% increase compared to the previous quarter but a 2.5% decrease compared to the same quarter last year. The GAAP net income was $15.7 million, or $0.20 per fully-diluted share, while the gross margin was 39.8%. The company anticipates delivering higher results in the fourth quarter, building on profitability improvement actions.
Key Highlights
- 1
FormFactor's third quarter revenue reached $202.7 million, reflecting a 3.5% increase compared to the second quarter of fiscal 2025.
- 2
The company's third quarter revenue decreased by 2.5% compared to $207.9 million in the third quarter of fiscal 2024.
- 3
GAAP net income for the third quarter of fiscal 2025 was $15.7 million, or $0.20 per fully-diluted share.
- 4
Gross margin for the third quarter of 2025 was 39.8%, compared with 37.3% in the second quarter of 2025.
- 5
GAAP net cash provided by operating activities for the third quarter of fiscal 2025 was $27.0 million.
- 6
Free cash flow for the third quarter of fiscal 2025 was $19.7 million.
- 7
The company expects to deliver sequentially higher revenue, earnings, and gross margin in the fourth quarter.
Management Comments
Mike Slessor
“As we said last quarter, we are focused on, and committed to, improving our profitability as we return to a path to our target model. We are executing a program of rapid and immediate gross margin improvement actions that have already produced the 250 basis point increase from the second quarter, and which we anticipate will continue in the fourth quarter and throughout next year. At the same time, we are executing longer-term structural initiatives that we expect will contribute further to our gross margins.” Dr. Slessor added, “Our outlook for the current fourth quarter builds on the third quarter, as our initiatives of profitability improvement actions continues, and we expect to again deliver sequentially higher revenue, earnings, and most importantly, gross margin.”
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