FORM
FormFactor·NASDAQ
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FORM fundamentals
FormFactor (FORM) released its earnings on Feb 4, 2026: revenue was 215.16M (YoY +13.55%), beat estimates; EPS was 0.46 (YoY +70.37%), beat estimates.
Revenue / YoY
215.16M
+13.55%
EPS / YoY
0.46
+70.37%
Report date
Feb 4, 2026
FORM Earnings Call Summary for Q4,2025
- Record Q4 Performance: $215.2 million revenue, 43.9% non-GAAP gross margin, and $0.46 EPS beat expectations, driven by DRAM and Foundry/Logic Probe Cards.
- Gross Margin Surge: 540 bps improvement from Q2 2025 to Q4 2025, with 2/3 from operational efficiency (cycle time/yield) and 1/3 from volume.
- Farmers Branch Expansion: $140-170M capital spend in 2026 to enable structurally lower-cost capacity, targeting 2027 ramp.
- HBM4/HBM5 Leadership: 16-high stack complexity and hybrid bonding requirements driving test intensity, with SmartMatrix architecture maintaining 80%+ HBM market share.
- CPO Growth: Keystone Photonics acquisition strengthens optical test capabilities, aligning with co-packaged optics adoption in data centers.
- GPU/XPU Expansion: Merchant GPU Probe Cards on track for 2026 volume, with custom ASIC and networking switch opportunities adding to Foundry/Logic growth.
EPS
Actual | 0.33 | 0.33 | 0.39 | 0.44 | 0.38 | 0.36 | 0.4 | 0.44 | 0.49 | 0.46 | 0.24 | 0.05 | 0.16 | 0.14 | 0.22 | 0.2 | 0.18 | 0.35 | 0.35 | 0.27 | 0.23 | 0.27 | 0.33 | 0.46 | ||||||||||
Forecast | 0.2129 | 0.2783 | 0.3533 | 0.39 | 0.3867 | 0.3243 | 0.3586 | 0.4109 | 0.392 | 0.4329 | 0.213 | 0.0325 | 0.1328 | 0.1222 | 0.1741 | 0.2014 | 0.1904 | 0.3128 | 0.3125 | 0.2906 | 0.1897 | 0.3004 | 0.2486 | 0.3515 | ||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +55.00% | +18.58% | +10.39% | +12.82% | -1.73% | +11.01% | +11.54% | +7.08% | +25.00% | +6.26% | +12.68% | +53.85% | +20.48% | +14.57% | +26.36% | -0.70% | -5.46% | +11.89% | +12.00% | -7.09% | +21.24% | -10.12% | +32.74% | +30.87% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 160.75M | 157.82M | 178.00M | 197.15M | 186.76M | 188.08M | 189.96M | 205.00M | 197.17M | 203.91M | 180.87M | 165.99M | 167.45M | 155.92M | 171.57M | 168.16M | 168.72M | 197.47M | 207.92M | 189.48M | 171.36M | 195.80M | 202.68M | 215.16M |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 139.07M | 156.00M | 175.72M | 183.95M | 183.00M | 185.84M | 188.51M | 198.17M | 194.33M | 203.12M | 183.03M | 155.39M | 162.55M | 162.29M | 166.98M | 165.30M | 165.38M | 194.99M | 200.29M | 190.12M | 170.03M | 190.17M | 199.97M | 210.56M |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +15.59% | +1.17% | +1.30% | +7.18% | +2.05% | +1.20% | +0.77% | +3.45% | +1.47% | +0.39% | -1.18% | +6.82% | +3.01% | -3.93% | +2.75% | +1.73% | +2.02% | +1.27% | +3.81% | -0.33% | +0.78% | +2.96% | +1.35% | +2.19% |
Earnings Call
You can ask Aime
What guidance did FormFactor's management provide for the next earnings period?What is FormFactor's gross profit margin?What factors drove the changes in FormFactor's revenue and profit?What does FormFactor do and what are its main business segments?What is the revenue and EPS growth rate for FormFactor year over year?What were the key takeaways from FormFactor’s earnings call?Did FormFactor beat or miss consensus estimates last quarter?What were the key takeaways from FormFactor's earnings call?
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