FormFactor Q1 revenue fell 9.6% sequentially to $171.4 million; Q2 outlook $190 million
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.
Key points
- 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
- Q2 2025 outlook: revenue $190 million +/- $5 million; GAAP EPS $0.18 +/- $0.04; non-GAAP EPS $0.30 +/- $0.04
- New $75 million stock repurchase authorization expires April 23, 2027
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.