FormFactor, Inc. Q2 2025 Earnings Recap

FORM Q2 2025 August 1, 2025

Get alerts when FORM reports next quarter

FormFactor delivered stronger-than-expected second-quarter revenues fueled by growth in its probe card business, but faced margin pressures due to product mix shifts and unexpected costs.

Earnings Per Share Miss

$0.27 vs $0.30 est.

-10.0% surprise

Revenue Miss

195798000 vs 199423120 est.

-1.8% surprise

Market Reaction

1-Day +1.83%

5-Day -2.78%

30-Day +2.75%

See FORM alongside your other holdings

Add to your portfolio — free

Key Takeaways

Q2 revenue exceeded the high end of guidance, driven largely by robust demand in the probe card segment.
Non-GAAP gross margin fell short of expectations due to a less favorable product mix and unexpected ramp-up costs for a second HBM DRAM customer.
FormFactor is strategically expanding its capabilities, including the acquisition of a Texas manufacturing facility to reduce costs and increase efficiency.
The company is focused on enhancing competitiveness with targeted investments, such as a minority stake in multilayer organic substrates, crucial for probe card production.
Despite recent margin challenges, management expects sequentially stable revenue for Q3 and anticipates improved gross margins.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit FORM on AllInvestView.

Next Q3 2025