Every material Form 8-K FormFactor filed with the SEC in 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every FormFactor filing is on SEC EDGAR ↗. 8-K briefs of other companies →