Quarterly Earnings Performance
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q1 2025 | Dec 2024–Mar 2025 | 2025-04-30 | $171.4M | +1.6% | $0.18 | $190M ±$5M | Export controls limited China DRAM shipments |
| Q2 2025 | Mar–Jun 2025 | 2025-07-30 | $195.8M | −0.8% | $0.27 | $210M ±$5M | Revenue beat; EPS missed on strategic investments |
| Q3 2025 | Jun–Sep 2025 | 2025-10-29 | $202.7M | +3.7% | $0.33 | $210M ±$5M | Beat high end of guidance; HBM strength |
| Q4 2025 | Sep–Dec 2025 | 2026-02-04 | $215.2M | +5.8% | $0.46 | $225M ±$5M | Record margins; non-GAAP GM 43.9% |
| FY 2025 | Full Year | — | $785.0M | +2.8% | $1.24 | — | Record revenue driven by HBM probe card demand |
Note: FY 2025 non-GAAP EPS is a sum of reported quarterly figures ($0.18 + $0.27 + $0.33 + $0.46). YoY growth for Q1 is vs. Q1 2024 ($168.7M); Q2 vs. Q2 2024 ($197.5M); Q3 vs. Q3 2024 ($191.8M est.); Q4 vs. Q4 2024 ($203.4M est.). FY 2024 revenue was $763.6M.
| Quarter | Est. Report Date | Est. Revenue | Est. EPS | Source |
|---|---|---|---|---|
| Q1 2026 | 2026-04-29 (est.) | $226.1M (act.) | $0.56 (act.) | FormFactor IR — reported 2026-04-29 |
| Q2 2026 | ~2026-07-30 | $230M–$240M (est.) | $0.61 ±$0.04 (est.) | Q1 2026 guidance |
FormFactor delivered record full-year revenue of $785.0M in fiscal 2025, up 2.8% from 2024, despite headwinds from U.S. export controls limiting DRAM probe card shipments to China. The company's growth was driven by strong demand for High Bandwidth Memory (HBM) test equipment as AI infrastructure buildouts accelerated. Margins expanded sequentially throughout the year, with non-GAAP gross margin reaching 43.9% in Q4 2025 versus 39.2% in Q1 2025. FormFactor entered 2026 with momentum, reporting record Q1 2026 revenue of $226.1M (+32% YoY) and guiding Q2 2026 EPS to $0.61 ±$0.04.
Generated: 2026-05-12