FormFactor Inc
FORM
ISIN US3463751087 / Valor 1445839
FormFactor Inc
UMushroom community rating:
About company
FormFactor Inc is a leading provider of cryogenic test and measurement solutions for quantum engineers, offering a range of probe systems, probes, probe cards, quantum cryogenic, and thermal management tools to validate ICs at any stage from lab to fab. The company also provides contract test services and a wide selection of engineering probes for on-wafer and signal integrity applications. Additionally, FormFactor's FRT Metrology products are now part of Camtek’s Inspection and Metrology solutions for the Semiconductor industry, further expanding its offerings in the market.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
FormFactor Inc. reported revenues of $197.5 million for the second quarter of fiscal 2024, a significant increase from $168.7 million in the first quarter of fiscal 2024 and $155.9 million in the second quarter of fiscal 2023. This growth reflects strong demand across their product lines.
Net Income
For the second quarter of fiscal 2024, FormFactor Inc. achieved a net income of $19.4 million, or $0.25 per fully-diluted share. This is a notable improvement compared to the net income of $0.8 million, or $0.01 per fully-diluted share, in the second quarter of fiscal 2023.
Gross Margin
FormFactor Inc. reported a gross margin of 44.0% for the second quarter of fiscal 2024, up from 37.2% in the first quarter of fiscal 2024 and 38.7% in the second quarter of fiscal 2023. On a non-GAAP basis, the gross margin was 45.3% for the second quarter of fiscal 2024.
Free Cash Flow
In the second quarter of fiscal 2024, FormFactor Inc. generated free cash flow of $14.2 million, compared to $19.7 million in the first quarter of fiscal 2024 and $2.1 million in the second quarter of fiscal 2023. This indicates a strong cash generation capability despite a slight decrease from the previous quarter.
Outlook
For the third quarter ending September 28, 2024, FormFactor Inc. expects revenue to be approximately $200 million, with a gross margin of 42% +/- 1.5% on a GAAP basis and 43% +/- 1.5% on a non-GAAP basis. The company anticipates net income per diluted share to be $0.20 +/- $0.04 on a GAAP basis and $0.31 +/- $0.04 on a non-GAAP basis.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3158 M
Market cap (USD)
173,569
Daily traded volume (Shares)
40.99 / 39.74
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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