$30.37
-0.410 (-1.33%)
At Close: May 23, 2025
FormFactor Earnings Calls
Q1 2025
Beat
$0.230 (21.05%)
Release date | Apr 30, 2025 |
EPS estimate | $0.190 |
EPS actual | $0.230 |
EPS Surprise | 21.05% |
Revenue estimate | 170.025M |
Revenue actual | 171.356M |
Revenue Surprise | 0.783% |
Q4 2024
Missed
$0.270 (-6.90%)
Release date | Feb 05, 2025 |
EPS estimate | $0.290 |
EPS actual | $0.270 |
EPS Surprise | -6.90% |
Revenue estimate | 190.119M |
Revenue actual | 189.483M |
Revenue Surprise | -0.335% |
Q3 2024
Beat
$0.350 (12.90%)
Release date | Oct 30, 2024 |
EPS estimate | $0.310 |
EPS actual | $0.350 |
EPS Surprise | 12.90% |
Revenue estimate | 195.11M |
Revenue actual | 207.917M |
Revenue Surprise | 6.56% |
Q2 2024
Beat
$0.350 (12.90%)
Release date | Jul 31, 2024 |
EPS estimate | $0.310 |
EPS actual | $0.350 |
EPS Surprise | 12.90% |
Revenue estimate | 194.99M |
Revenue actual | 197.474M |
Revenue Surprise | 1.27% |
Last 4 Quarters for FormFactor
Below you can see how FORM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
Release date | Jul 31, 2024 |
Fiscal end date | Jun 29, 2024 |
Price on release | $53.56 |
EPS estimate | $0.310 |
EPS actual | $0.350 |
EPS surprise | 12.90% |
Date | Price |
---|---|
Jul 25, 2024 | $51.70 |
Jul 26, 2024 | $51.24 |
Jul 29, 2024 | $52.05 |
Jul 30, 2024 | $50.50 |
Jul 31, 2024 | $53.56 |
Aug 01, 2024 | $47.25 |
Aug 02, 2024 | $40.90 |
Aug 05, 2024 | $41.25 |
Aug 06, 2024 | $42.05 |
4 days before | 3.60% |
4 days after | -21.49% |
On release day | -11.78% |
Change in period | -18.67% |
Q3 2024
Beat
Release date | Oct 30, 2024 |
Fiscal end date | Sep 28, 2024 |
Price on release | $43.81 |
EPS estimate | $0.310 |
EPS actual | $0.350 |
EPS surprise | 12.90% |
Date | Price |
---|---|
Oct 24, 2024 | $43.72 |
Oct 25, 2024 | $44.79 |
Oct 28, 2024 | $44.07 |
Oct 29, 2024 | $45.17 |
Oct 30, 2024 | $43.81 |
Oct 31, 2024 | $37.98 |
Nov 01, 2024 | $38.75 |
Nov 04, 2024 | $38.77 |
Nov 05, 2024 | $39.23 |
4 days before | 0.206% |
4 days after | -10.45% |
On release day | -13.31% |
Change in period | -10.27% |
Q4 2024
Missed
Release date | Feb 05, 2025 |
Fiscal end date | Dec 28, 2024 |
Price on release | $41.12 |
EPS estimate | $0.290 |
EPS actual | $0.270 |
EPS surprise | -6.90% |
Date | Price |
---|---|
Jan 30, 2025 | $39.83 |
Jan 31, 2025 | $40.05 |
Feb 03, 2025 | $39.58 |
Feb 04, 2025 | $39.60 |
Feb 05, 2025 | $41.12 |
Feb 06, 2025 | $38.33 |
Feb 07, 2025 | $35.50 |
Feb 10, 2025 | $35.73 |
Feb 11, 2025 | $34.99 |
4 days before | 3.24% |
4 days after | -14.91% |
On release day | -6.79% |
Change in period | -12.15% |
Q1 2025
Beat
Release date | Apr 30, 2025 |
Fiscal end date | Mar 29, 2025 |
Price on release | $28.14 |
EPS estimate | $0.190 |
EPS actual | $0.230 |
EPS surprise | 21.05% |
Date | Price |
---|---|
Apr 24, 2025 | $28.21 |
Apr 25, 2025 | $28.34 |
Apr 28, 2025 | $28.54 |
Apr 29, 2025 | $27.91 |
Apr 30, 2025 | $28.14 |
May 01, 2025 | $28.97 |
May 02, 2025 | $30.26 |
May 05, 2025 | $29.81 |
May 06, 2025 | $29.38 |
4 days before | -0.248% |
4 days after | 4.41% |
On release day | 2.95% |
Change in period | 4.15% |
FormFactor Earnings Call Transcript Summary of Q1 2025
FormFactor Q1 2025 Earnings Call Summary for Investors
1. Financial Performance:
- Q1 2025 Revenue: $171.4 million, a decrease of 9.6% sequentially but up 1.6% year-over-year.
- Non-GAAP Gross Margin: 39.2%, slightly below Q4’s 40.2%.
- Non-GAAP EPS: $0.23, at the high end of the guidance range.
- GAAP Net Income: $6.4 million, or $0.08 per diluted share.
2. Market Trends:
- Anticipated Q2 2025 Revenue Growth: Expected double-digit sequential growth to approximately $190 million, driven by hyperscaler investments in generative AI and increased demand for high bandwidth memory (HBM) and foundry/logic probe cards.
- DRAM Segment: Expected revenue return to record levels, particularly from HBM applications, with growth also from new HBM4 designs expected to ramp in late 2025.
- Systems Segment: Moderate sequential growth anticipated, driven by advancements in quantum computing and co-package optics (CPO).
3. Tariff Impact and Supply Chain Concerns:
- Manufacturing is primarily in the U.S. (80% revenue), exposing the company to tariff impacts on imported goods, especially from Japan and Germany.
- Tariffs expected to result in mid-single-digit million-dollar revenue reductions in Q2, as well as approximately a 1% hit to gross margins.
- No significant changes to manufacturing footprint planned currently, but a wait-and-see approach is being adopted regarding tariffs.
4. Acquisitions and Partnerships:
- Completed acquisition of FICT Limited, a supplier of multilayer organic substrates, enhancing capabilities without the risks of internal development.
- Continued collaboration with partners to enhance product offerings, particularly in advanced testing for CPO and other technologies.
5. Growth Outlook:
- Positive sentiment around HBM and generative AI advancements driving future revenue growth.
- Aim to achieve a target of $2 in non-GAAP earnings per share on $850 million of revenue in the long term, emphasizing ongoing operational improvements and product mix optimization to enhance gross margins.
6. Investor Events & Guidance:
- The management indicated more updates in the coming weeks at industry conferences about business developments and ongoing responses to evolving geopolitical and tariff challenges.
- Expectations of higher operating expenses in Q2 primarily due to increased performance-based compensation.
Key Takeaways for Investors:
- FormFactor anticipates solid growth in revenue and profitability in Q2 after a challenging Q1.
- Focus on HBM and systems for future growth, alongside the ongoing impact of tariffs on margins and revenue.
- Strong emphasis on partnerships and acquisitions to enhance market positioning and technological capabilities.
- The company remains committed to long-term financial goals despite short-term tariff uncertainties.
FormFactor Earnings History
Earnings Calendar
FAQ
When is the earnings report for FORM?
FormFactor (FORM) has scheduled its earnings report for Jul 30, 2025 after the markets close.
What is the FORM price-to-earnings (P/E) ratio?
FORM P/E ratio as of May 23, 2025 (TTM) is 43.31.
What is the FORM EPS forecast?
The forecasted EPS (Earnings Per Share) for FormFactor (FORM) for the first fiscal quarter 2025 is $0.300.
What are FormFactor's retained earnings?
On its balance sheet, FormFactor reported retained earnings of $171.36 million for the latest quarter ending Mar 29, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.