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 announce its fiscal Q1 2023 financial results on May 3, 2023, at 1:25 PM PT. Investors can join a live webcast on the company's website, where preregistration is required to access the conference call. A replay will be available two hours post-call. FormFactor specializes in test and measurement technologies for the semiconductor industry, aiding clients in enhancing device performance and optimizing profitability. Operating across Asia, Europe, and North America, the company is committed to advancing yield knowledge and reliability throughout the integrated circuit life cycle. Key information about this event is accessible via the company's Investors page.
FormFactor, Inc. (Nasdaq: FORM) is set to participate in the Loop Capital Markets 2023 Investor Conference on March 14, 2023, held at Lotte New York Palace. This event will feature a one-on-one format, allowing for focused discussions between investors and the company.
FormFactor specializes in test and measurement technologies throughout the integrated circuit (IC) life cycle, aiding semiconductor firms in improving device performance and yield. With operations across Asia, Europe, and North America, FormFactor is a key player in the semiconductor industry. For further details, visit www.formfactor.com.
FormFactor, Inc. (Nasdaq: FORM) reported Q4 2022 revenues of $166 million, down 8.2% from Q3 2022 and down 19.0% year-over-year. For fiscal 2022, revenues totaled $748 million, a 2.8% decline from 2021. Despite a challenging landscape, Q4 revenue exceeded expectations. The company recorded a net loss of $13.7 million, or negative $0.18 per share, compared to a net income of $4.4 million in Q3 2022. The gross margin for Q4 was 27.2%, significantly lower than both the previous quarter and the same quarter in 2021. Looking ahead, FormFactor anticipates similar demand in Q1 2023, with estimated revenues of $162 million and expected gross margin improvement to 35%.
FormFactor, Inc. (NASDAQ: FORM) announced the opening of a new product demonstration and training center in San Jose, California, aimed at enhancing access to its semiconductor test and measurement solutions. The facility features advanced technologies including wafer probers and metrology systems, supporting diverse sectors such as automotive devices and 5G. Company officials emphasize its commitment to industry innovation, providing hands-on training and product demonstrations at the new center located in Silicon Valley. A grand opening is scheduled for February 2, 2023, inviting customers to experience FormFactor’s offerings.
FormFactor, Inc. (Nasdaq: FORM) will announce its financial results for the 2022 fiscal fourth quarter on February 8, 2023, at 1:25 p.m. Pacific Time. Interested parties can listen to a live webcast via the Investors section of the company's website. Preregistration is mandatory for telephonic participation, with a unique dial-in provided upon registration. A replay will be available two hours post-call. FormFactor is recognized for its advanced test and measurement technologies across the IC lifecycle, aiding semiconductor companies in optimizing performance and profitability while servicing clients globally from multiple facilities.
FormFactor, Inc. (Nasdaq: FORM) will participate in the 25th Annual Needham Growth Virtual Conference on January 10-11, 2023. The company's CEO, Michael Slessor, is set to present on January 10 at 11:45 AM ET. A live webcast will be available on the company's website, with replays accessible afterward. FormFactor specializes in providing essential test and measurement technologies throughout the IC life cycle, enabling semiconductor companies to enhance device performance and yield. For more information, visit www.formfactor.com.
FormFactor, Inc. (Nasdaq: FORM) reported Q3 2022 revenues of $180.9 million, down 11.3% sequentially and 4.8% year-over-year due to reduced demand for Foundry & Logic probe cards. Q3 net income was $4.4 million ($0.06 per diluted share), a significant drop from $30.2 million ($0.38 per diluted share) in Q2 2022. Gross margin also fell to 34.4%. The company is restructuring to align costs with lower demand projections extending into next year. Q4 2022 revenue guidance is set at $155 million +/- $5 million, with a gross margin forecast of 33% +/- 1.5%.
FormFactor, a semiconductor test and measurement supplier, launched the IQ2000™ Cryogenic Chip Scale Probe System, enhancing testing for quantum and cryogenic devices. This system cools devices to 4 Kelvin in under an hour, significantly faster than traditional methods. Key features include a load-lock chamber for rapid device cycling, options for < 2K and < 4K temperatures, and high-bandwidth testing capabilities. These advancements promise to accelerate quantum development by improving throughput and efficiency, benefiting developers in cutting-edge technology sectors.
FormFactor, Inc. (NASDAQ: FORM) will announce its fiscal 2022 Q3 financial results on October 26, 2022, at 1:25 p.m. PT. A live webcast of the conference call will be available on their website, with preregistration required for phone participants. This event offers investors insights into the company's performance and future outlook.
FormFactor specializes in test and measurement technologies throughout the IC life cycle, aiding semiconductor companies in enhancing profitability and device performance.
FormFactor, Inc. (NASDAQ: FORM) appointed Brian White to its Board of Directors as of September 26, 2022. White, with over 29 years in the semiconductor and high-tech sectors, previously served as CFO at Ambarella and Maxim Integrated. His extensive background includes leadership roles at Integrated Device Technology, Nvidia, Hitachi, and IBM. The Board chair, Tom St. Dennis, expressed confidence in White's ability to contribute to the company's growth and leadership in the semiconductor industry.
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