FormFactor delivered strong fourth-quarter results with double-digit year-over-year revenue growth, improved gross margins, and higher profitability driven by demand in advanced packaging and high-performance computing.

FormFactor, Inc. reported a strong third quarter for fiscal 2025, with revenues of $202.7 million, exceeding expectations. The company achieved significant improvements in both GAAP and non-GAAP gross margins and net income, driven by profitability improvement actions. Diluted EPS stood at $0.20, with non-GAAP diluted EPS at $0.33.

FormFactor, Inc. announced second-quarter fiscal 2025 revenues of $195.8 million, surpassing its outlook range. However, GAAP net income was $9.1 million ($0.12 per diluted share) and non-GAAP net income was $21.2 million ($0.27 per diluted share), with gross margins and overall profitability falling short of expectations due to an unfavorable product mix and unforecasted ramp-up costs for a new HBM DRAM customer.

FormFactor reported a decrease in revenue and profitability in the first quarter of 2025 compared to the previous quarter and the same quarter last year. This was primarily attributed to lower demand for DRAM probe cards and Systems, partially impacted by export controls to China. Despite the sequential decline, the company's revenue and EPS were above the mid-point of their outlook range.

FormFactor, Inc. announced its financial results for the fourth quarter of fiscal 2024, with revenues of $189.5 million, a decrease of 8.9% sequentially but an increase of 12.7% year-over-year. The company's fiscal year 2024 revenue increased by 15.2% to $764 million, driven by significant growth in High Bandwidth Memory (HBM) revenue.