Every material Form 8-K FormFactor filed with the SEC in 2025, 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 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.
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 →