Welcome to our dedicated page for FormFactor news (Ticker: FORM), a resource for investors and traders seeking the latest updates and insights on FormFactor stock.
FormFactor Inc. (NASDAQ: FORM) is a prominent provider of critical test and measurement solutions across the entire integrated circuit (IC) lifecycle. The company's offerings span from characterization, modeling, and reliability to design debug, qualification, and production testing. FormFactor’s products and services are crucial for semiconductor companies aiming to enhance profitability by optimizing device performance and improving yield knowledge.
The company is structured into two main segments: the Probe Cards Segment and the Systems Segment. The Probe Cards Segment includes the sale of probe cards and analytical probes, which are key to testing the electrical performance of semiconductor wafers. This segment generates the majority of the company's revenue. The Systems Segment encompasses the sale of probe stations and thermal sub-systems, critical for various testing and measurement applications.
Recently, FormFactor has made significant strides, such as completing the sale of FRT and securing an additional $75 million stock repurchase authorization. The company reported Q4 revenue and gross margin above the mid-point of its outlook range and anticipates a consistent demand environment going into Q1. Furthermore, the company continues to innovate in the quantum computing space with the launch of the Echo-5Q, a fully integrated quantum computing system designed to facilitate research and workforce development.
FormFactor operates through a global network of facilities in Asia, Europe, and North America, reflecting its broad market reach and customer base. For more information, visit their website at www.formfactor.com.
FormFactor, Inc. (Nasdaq: FORM) will host a Virtual Analyst Day on August 18, 2020, at 1:30 p.m. Pacific Time. Interested individuals can access the live webcast via the Investors section of the company's website at www.formfactor.com. FormFactor specializes in providing test and measurement technologies for the semiconductor industry, supporting clients globally through its facilities in Asia, Europe, and North America.
FormFactor, Inc. (Nasdaq: FORM) reported strong Q2 2020 results with revenues of $157.8 million, a 14.4% increase year-over-year. Net income rose to $20.5 million, or $0.26 per share. The company maintained a gross margin of 41.9% and completed the acquisition of Advantest's probe card assets, enhancing its market position. For Q3 2020, FormFactor forecasts revenues between $170 million to $182 million, with a gross margin of 44% to 47%. This reflects optimistic demand in the semiconductor sector, particularly in DRAM and mobile designs.
FormFactor, Inc. (NASDAQ: FORM) has rescheduled its earnings release for the 2020 fiscal second quarter to July 30, 2020, at 1:30 p.m. Pacific Time. Investors can join a live webcast on the company's website, with a replay available two hours post-call until August 6, 2020. FormFactor is a leading provider of test and measurement technologies throughout the IC lifecycle, supporting semiconductor companies in enhancing device performance and yield knowledge.
FormFactor, Inc. (NASDAQ: FORM) is set to release its financial results for the 2020 fiscal second quarter on July 29, 2020, at 1:30 p.m. PT. A live webcast of the conference call will be available on the company's website, and a replay will be accessible until August 5, 2020. FormFactor specializes in test and measurement technologies throughout the IC lifecycle, aiding semiconductor companies in enhancing profitability and optimizing device performance.
FormFactor, Inc. (Nasdaq: FORM) updated its revenue expectations for Q2 2020 to between $157 million and $161 million, surpassing earlier forecasts due to stable manufacturing and logistics during the COVID-19 pandemic. CEO Mike Slessor noted that the original estimate anticipated a 10% revenue decline compared to Q1. The company plans to announce full Q2 results on July 29, 2020. FormFactor is a key player in test and measurement technologies for the semiconductor industry, aiding customers in enhancing profitability and performance.
FormFactor, Inc. (Nasdaq: FORM) will participate in the Stifel 2020 Cross Sector Insight Conference, held virtually on June 10, 2020. The presentation is scheduled for 4:40 PM ET. Interested individuals can listen to a live webcast via FormFactor's investor website at www.formfactor.com. Additionally, a replay of the webcast will be accessible on the same site. FormFactor specializes in test and measurement technologies essential for the semiconductor industry, aiding in device performance optimization and yield knowledge.
FormFactor, Inc. (NASDAQ: FORM) has launched the SmartMatrix 3000XP probe card, enhancing DRAM wafer testing capabilities. This probe card allows testing of over 3000 die in a single touchdown, thanks to proprietary technologies that increase throughput by approximately 1000 die compared to previous models. The new card aims to reduce testing costs by over 25%. With an industry-leading temperature range and high-speed test capabilities, the SmartMatrix 3000XP is positioned to support the transition to 1Z and 1a nanometer nodes in DRAM production.
FormFactor, Inc. (Nasdaq: FORM) will participate in three significant investor conferences in May 2020. The first is Needham's 15th Annual Virtual Technology and Media Conference on May 20 at 1:00 pm ET. Next, the Cowen 2020 Virtual Technology, Media & Telecom Conference will take place on May 26 at 2:10 pm ET. Lastly, the Craig-Hallum 17th Annual Institutional Investor Conference is scheduled for May 27, featuring one-on-one presentations. Investors can access live webcasts of these presentations on the company's website, with replays available afterward.
FormFactor, Inc. (NASDAQ: FORM) has been recognized in VLSIresearch’s annual customer satisfaction survey, earning accolades as a 10 BEST Supplier in three categories: Focused Suppliers of Chip Making Equipment, Test Equipment, and Test Subsystems. This achievement marks the seventh consecutive year in the THE BEST Suppliers of Test Subsystems category, highlighting FormFactor's strong customer trust and technical leadership. The firm's products are crucial for optimizing semiconductor performance and yield knowledge, affirming its position as a top supplier in the industry.
FormFactor, Inc. (Nasdaq: FORM) reported Q1 2020 financial results with revenues of $160.8 million, a 10% decrease from Q4 2019 but a 21.6% increase year-over-year. The company achieved a net income of $15.9 million ($0.20 per share), compared to $18.6 million in the previous quarter and $5.5 million a year ago. Gross margin improved to 41.9%. Despite operational challenges due to COVID-19, demand for probe cards remains strong, though production is constrained by social distancing measures. No formal guidance was provided for Q2 due to uncertainties.
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