FormFactor Q2 revenue beats analyst estimates

FormFactor

29/07/2026 21:08

Overview
Semiconductor test equipment maker's fiscal Q2 revenue rose 32% yr/yr, beating analyst expectations
Adjusted net income for fiscal Q2 beat analyst expectations
Company cites strong demand in DRAM, Foundry & Logic, and Systems segments

Outlook
FormFactor sees Q3 revenue at $270 mln +/- $10 mln
Company expects Q3 non-GAAP gross margin of 54.0% +/- 1.5%
FormFactor projects Q3 non-GAAP net income per diluted share of $0.86 +/- $0.09

Result Drivers
BROAD-BASED DEMAND - Co said strong demand in DRAM, Foundry & Logic, and Systems segments drove Q2 results
INVESTMENT AND EXECUTION - CEO said results reflect years of investment in high-performance compute and advanced packaging, and stronger execution to enhance profitability

Company press release: ID:nGNX2qhr1l

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$258.20 mln
$240 mln (9 Analysts)
Q2 Adjusted Net Income
Beat
$65 mln
$48.46 mln (8 Analysts)
Q2 Net Income
 
$56.20 mln
 
Q2 Gross Margin
 
50.70%
 
Q2 Adjusted Gross Margin
 
53.30%
 
Q2 Free Cash Flow
 
$52.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for FormFactor Inc is $155.00, about 75.7% above its July 28 closing price of $88.23
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 49 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)