Every material Form 8-K FormFactor has filed with the SEC since May 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FormFactor reported third-quarter fiscal 2026 revenue of $280.5 million, up 38.4% from a year earlier, with GAAP net income of $73.8 million, or $0.93 per diluted share, compared with $0.20 a year earlier. The company guided fourth-quarter revenue to $285 million plus or minus $10 million and GAAP diluted EPS to $0.84 plus or minus $0.09, which is below the third-quarter GAAP EPS of $0.93.
Q3 revenue was $280.5 million, up 8.6% from $258.2 million in Q2 and up 38.4% from $202.7 million in Q3 2025.
GAAP gross margin was 54.7%, compared with 50.7% in Q2 2026 and 39.8% in Q3 2025; non-GAAP net income was $82.3 million, or $1.04 per diluted share.
Q4 outlook (quarter ending December 26, 2026): revenue $285 million plus or minus $10 million; non-GAAP EPS $0.95 plus or minus $0.09.
Free cash flow was $64.8 million in Q3 2026, compared with $19.7 million in Q3 2025.
FormFactor reported fiscal second-quarter 2026 revenue of $258.2 million, up 14.2% from the first quarter and 31.9% from a year earlier. GAAP diluted earnings per share were $0.71, compared with $0.12 a year earlier, and the company said results exceeded the high end of its outlook range. For the third quarter ending September 26, 2026, it expects revenue of $270 million, plus or minus $10 million, and GAAP diluted EPS of $0.75, plus or minus $0.09.
Q2 revenue $258.2 million, up 14.2% from Q1 2026 ($226.1 million) and up 31.9% from Q2 2025 ($195.8 million)
GAAP net income $56.2 million, or $0.71 per diluted share, vs. $9.1 million, or $0.12, in Q2 2025
Non-GAAP net income $65.0 million, or $0.82 per diluted share; GAAP gross margin 50.7% vs. 37.3% a year earlier
At the May 15, 2026 annual meeting, stockholders approved adding 5,000,000 shares to the 2012 Equity Incentive Plan and a charter amendment allowing certain officers to be exculpated as Delaware law permits. All seven director nominees were elected, and KPMG LLP was ratified as auditor for fiscal 2026. The filing reports no financial results, guidance, or deal terms, so it offers no direct read on company performance.
FormFactor reported first-quarter fiscal 2026 revenue of $226.1 million, a company record and up 5.1% from the prior quarter. Non-GAAP earnings per share were $0.56, above the company's outlook range, but GAAP net income fell from the prior quarter, partly due to $21.5 million in restructuring charges in gross profit. The company expects second-quarter revenue of $240 million, plus or minus $5 million, and non-GAAP EPS of $0.61, plus or minus $0.04.
Q1 revenue $226.1 million, up 5.1% from Q4 fiscal 2025 and up 32.0% from Q1 fiscal 2025
GAAP net income $20.4 million, or $0.26 per diluted share, down from $23.2 million, or $0.29, in Q4 fiscal 2025
Non-GAAP net income $44.5 million, or $0.56 per diluted share, up from $0.46 in Q4 fiscal 2025
Director Kevin Brewer told the board on February 13, 2026 that he will not seek re-election at FormFactor's 2026 annual stockholder meeting, which the company expects to hold on May 15, 2026. The company says his decision does not reflect any disagreement with FormFactor on its operations, policies or practices, and the filing reports no financial results.
Kevin Brewer, a director since 2024, notified the board on February 13, 2026 of his decision
The 2026 annual meeting of stockholders is expected on May 15, 2026
Brewer sits on the Audit Committee and the Governance and Nominating Committee
Brewer was previously CFO and Executive Vice President of Global Operations at Axcelis Technologies until October 2023
FormFactor reported fourth-quarter fiscal 2025 revenue of $215.2 million, up 13.6% from a year earlier, with GAAP diluted earnings per share of $0.29 versus $0.12. The company also guided first-quarter 2026 revenue to $225 million, plus or minus $5 million, and non-GAAP diluted EPS to $0.45, plus or minus $0.04, which shareholders can compare with the quarter just reported.
Q4 fiscal 2025 revenue was $215.2 million, up 6.2% from the prior quarter and 13.6% from a year earlier.
GAAP net income was $23.2 million, or $0.29 per diluted share; non-GAAP net income was $36.6 million, or $0.46 per diluted share.
Fiscal 2025 revenue was a record $785.0 million, up 2.8%, while fiscal 2025 GAAP net income fell to $54.4 million from $69.6 million.
For the quarter ending March 29, 2026, the company expects revenue of $225 million +/- $5 million and non-GAAP diluted EPS of $0.45 +/- $0.04.
FormFactor adopted restructuring plans on January 5, 2026 to consolidate its manufacturing facilities in Carlsbad and Baldwin Park, California, aiming to improve cost structure and gross margin. The company expects restructuring charges of approximately $30 to $40 million on a GAAP basis, with about $20 to $25 million non-cash and about $10 to $15 million resulting in future cash spending. The filing notes that these estimates may be revised and that actual results may differ materially.
Plans adopted January 5, 2026 to consolidate manufacturing facilities in Carlsbad, California and Baldwin Park, California.
Personnel-related costs to sever or retain approximately 200 to 300 employees.
Expected GAAP restructuring charges of $30 to $40 million, including $20 to $25 million for leasehold impairment, facility exits and other costs.
Actions largely completed by end of December 2026, with facilities charges possibly extending beyond that; majority of charges expected in the current fiscal year.
FormFactor reported fiscal third-quarter 2025 revenue of $202.7 million, up 3.5% from the second quarter but down 2.5% from a year earlier. GAAP diluted earnings per share were $0.20, up from $0.12 in the prior quarter but down from $0.24 a year earlier, and the company expects higher revenue, earnings and gross margin in the fourth quarter.
Q3 revenue $202.7 million vs. $195.8 million in Q2 2025 and $207.9 million in Q3 2024
GAAP net income $15.7 million, or $0.20 per diluted share; non-GAAP EPS $0.33 vs. $0.35 a year earlier
Q4 outlook (quarter ending December 27, 2025): revenue $210 million +/- $5 million; GAAP EPS $0.19 +/- $0.04
Q3 free cash flow $19.7 million vs. negative $47.1 million in Q2 2025
FormFactor's Chief Financial Officer, Shai Shahar, resigned effective August 8, 2025, and the Board appointed Aric McKinnis, its Vice President and Corporate Controller, as Senior Vice President and Chief Financial Officer on the same date. The company also reaffirmed its third quarter 2025 financial outlook, issued July 30, 2025, which the filing presents as unchanged.
Shai Shahar resigned as SVP and CFO effective August 8, 2025, and remains an employee as SVP, Executive Advisor through December 31, 2025.
Aric McKinnis, age 41, joined FormFactor in August 2019 and has been Vice President, Corporate Controller since March 2022.
McKinnis's compensation includes a $425,000 annual salary, a 75% target bonus, a $600,000 restricted stock unit award and a $600,000 performance-based restricted stock unit award.
FormFactor reaffirmed its third quarter 2025 outlook issued on July 30, 2025.
FormFactor reported second-quarter fiscal 2025 revenue of $195.8 million, up 14.3% from the first quarter but down 0.8% from a year earlier. CEO Mike Slessor said non-GAAP gross margin and profitability fell short of the company's outlook due to product mix and HBM ramp-up costs. The company also entered a $150 million revolving credit facility on July 29, 2025.
Q2 fiscal 2025 revenue was $195.8 million, up from $171.4 million in Q1 and down from $197.5 million in Q2 fiscal 2024.
GAAP net income was $9.1 million, or $0.12 per diluted share; non-GAAP net income was $21.2 million, or $0.27 per diluted share, versus $0.35 a year earlier.
Third-quarter outlook calls for revenue of $200 million +/- $5 million and non-GAAP net income per diluted share of $0.25 +/- $0.04.
A $150 million revolving credit agreement with Wells Fargo, dated July 29, 2025, matures July 29, 2030.
At its May 16, 2025 annual meeting, FormFactor stockholders approved an amendment adding 2,200,000 shares to the 2012 Equity Incentive Plan, and approved all four proposals, including the election of eight directors and ratification of KPMG LLP as auditor for fiscal 2025. The filing reports votes on the plan and directors but no financial results, so it does not indicate a change in company performance.
Stockholders approved adding 2,200,000 shares to the 2012 Equity Incentive Plan (66,359,422 for; 1,373,082 against).
All eight director nominees were elected, including Kevin Brewer, Sheri Rhodes and Brian White, each for a one-year term.
Stockholders approved the non-binding advisory vote on executive compensation (66,732,586 for; 1,003,379 against).
KPMG LLP was ratified as independent registered public accounting firm for fiscal year 2025 (69,363,494 for; 2,906,377 against).
FormFactor reported first-quarter fiscal 2025 revenue of $171.4 million, down 9.6% from the prior quarter but up 1.6% from a year earlier. GAAP net income fell to $6.4 million, or $0.08 per diluted share, from $21.8 million a year earlier, while non-GAAP EPS was $0.23. The board also authorized a $75 million stock repurchase plan, and the company forecast second-quarter revenue of $190 million, plus or minus $5 million.
Q1 revenue $171.4 million, down 9.6% from $189.5 million in Q4 2024 and up 1.6% from $168.7 million in Q1 2024
GAAP net income $6.4 million, or $0.08 per diluted share, versus $21.8 million, or $0.28, in Q1 2024; non-GAAP EPS $0.23 versus $0.18
FormFactor reported fiscal fourth-quarter 2024 revenue of $189.5 million, down 8.9% from the third quarter but up 12.7% from a year earlier, and full-year revenue of $764 million, up 15.2%. The company guided first-quarter 2025 revenue to $170 million plus or minus $5 million, below the fourth-quarter level, and said it is acquiring a 20% minority stake in FICT Limited with MBK Partners for approximately US$60M.
Q4 revenue $189.5 million, down from $207.9 million in Q3 fiscal 2024 and up from $168.2 million in Q4 fiscal 2023.
Q4 GAAP diluted EPS $0.12 versus $0.97 a year earlier, which included a $73.0 million gain from the sale of FRT; non-GAAP diluted EPS $0.27 versus $0.20.
FormFactor invests approximately US$60M in a consortium with MBK Partners to acquire FICT Limited; it will hold a 20% non-controlling stake, expected to close within the current quarter.
FormFactor reported record third-quarter fiscal 2024 revenue of $207.9 million, up 21.2% from a year earlier but up 5.3% from the prior quarter, with GAAP net income of $18.7 million ($0.24 per diluted share). For the fourth quarter ending December 28, 2024, the company forecast revenue of $190 million, plus or minus $5 million, citing reduced Foundry & Logic probe-card demand partly offset by DRAM strength, so shareholders face a guided sequential revenue decline.
Q3 revenue of $207.9 million was a company record, up 5.3% from $197.5 million in Q2 and 21.2% from $171.6 million in Q3 2023.
GAAP net income was $18.7 million, or $0.24 per diluted share, down from $19.4 million ($0.25) in Q2 and up from $4.4 million ($0.06) in Q3 2023.
Non-GAAP EPS was $0.35, unchanged from Q2 and up from $0.22 in Q3 2023; GAAP gross margin was 40.7%, down from 44.0% in Q2.
Q4 outlook calls for revenue of $190 million, plus or minus $5 million, and non-GAAP EPS of $0.29, plus or minus $0.04.
FormFactor reported second-quarter fiscal 2024 revenue of $197.5 million, up 17.0% from the first quarter and 26.7% from a year earlier, with GAAP net income of $19.4 million, or $0.25 per diluted share. For the third quarter, it expects revenue of $200 million plus or minus $5 million and GAAP earnings of $0.20 per diluted share plus or minus $0.04, with the company citing expected demand levels similar to the second quarter and a less favorable DRAM product mix.
Q2 revenue of $197.5 million, up from $168.7 million in Q1 and $155.9 million a year earlier
GAAP net income of $19.4 million ($0.25 per diluted share), versus $21.8 million ($0.28) in Q1, which included a $20.3 million gain on sale of business, and $0.8 million ($0.01) a year earlier
Non-GAAP net income of $27.3 million ($0.35 per diluted share) in Q2
Q3 outlook: revenue of $200 million +/- $5 million; GAAP EPS of $0.20 +/- $0.04; non-GAAP EPS of $0.31 +/- $0.04
FormFactor reported first-quarter fiscal 2024 revenue of $168.7 million, up 0.3% from the prior quarter and 0.8% from a year earlier. Non-GAAP earnings per share fell to $0.18 from $0.20 in the prior quarter, and non-GAAP gross margin fell to 38.7% from 42.1%, while the company guided to second-quarter revenue of $195 million plus or minus $5 million and non-GAAP EPS of $0.31 plus or minus $0.04.
Q1 revenue $168.7 million, up 0.3% sequentially and 0.8% year over year
GAAP net income $21.8 million, or $0.28 per diluted share, including a $20.3 million gain on sale of business; non-GAAP net income $14.3 million, or $0.18 per diluted share
Non-GAAP gross margin 38.7%, below the outlook range, versus 42.1% in the fourth quarter of fiscal 2023
Q2 outlook: revenue $195 million plus or minus $5 million; non-GAAP EPS $0.31 plus or minus $0.04; quarter ends June 29, 2024
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