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 (NASDAQ: FORM) announced its management will participate in the 16th Annual CEO Investor Summit 2024. The event is scheduled for July 10th at the St. Regis Hotel in San Francisco, CA.
Presentation materials will be available on the company's website.
FormFactor (Nasdaq: FORM), a leading provider of test and measurement technologies for the IC life cycle, has announced its participation in several upcoming investor conferences. These include the B. Riley 24th Annual Institutional Investor Conference on May 22, 2024, the Craig-Hallum 21st Annual Institutional Investor Conference on May 29, 2024, the TD Securities 52nd Annual Technology, Media & Telecom Conference on May 30, 2024, the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, and the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024. FormFactor will provide a live webcast of its presentation at the Stifel conference, accessible via its website. The company serves semiconductor firms globally, enhancing profitability and advanced yield through its technologies.
FormFactor (NASDAQ: FORM), a prominent supplier in the semiconductor industry, has been rated among the top performers in TechInsights' annual customer satisfaction survey. The company received five-star ratings in three categories: 10 BEST Focused Suppliers of Chip Making Equipment, THE BEST Suppliers of Test Subsystems, and THE BEST Suppliers of Assembly Test Equipment. This marks the eleventh consecutive year FormFactor has been recognized in the Test Subsystems category. Customers highlighted FormFactor's strong field engineering support and product performance. CEO Mike Slessor emphasized the company's commitment to delivering tailored solutions and supporting advanced packaging techniques.
FormFactor, Inc. reported Q1 revenue near the top-end of the outlook range, with strong demand in Q2. The company re-aligned its organizational structure and recruited new executives to drive growth. GAAP net income was $21.8 million with a gross margin of 37.2%. On a non-GAAP basis, net income was $14.3 million with a gross margin of 38.7%. FormFactor expects a significant increase in demand and gross margin for Q2.
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