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

FormFactor Q2 revenue rises 14.3% sequentially; profit and margin fall short of outlook

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyFormFactor (FORM)
Form8-K, current report
Filed with the SECJul 30, 2025, 4:04 PM ET
Accession number0001039399-25-000077

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation5.03 Bylaw / Charter Amendment

Read the filing on SEC.gov ↗

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 July 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.