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AI brief of an SEC Form 8-K · FormFactor (FORM)

FormFactor Q1 revenue rises 0.3% to $168.7 million; Q2 outlook steps up to $195 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyFormFactor (FORM)
Form8-K, current report
Filed with the SECMay 1, 2024, 4:06 PM ET
Accession number0001039399-24-000013

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.