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) announced its participation in several upcoming investor conferences. Key events include the D.A. Davidson Big Sky Technology Summit in Montana from August 22-23, 2022, and the Citi’s 2022 Global Technology Conference in New York on September 7, 2022. Live webcasts of the presentations will be available on FormFactor's investor website, with replays also accessible thereafter. FormFactor specializes in test and measurement technologies for the semiconductor industry, helping companies optimize performance and increase profitability.
FormFactor reported strong Q2 results with revenues of $203.9 million, an increase of 3.4% from Q1 and 8.4% year-over-year. The company achieved GAAP net income of $30.2 million ($0.38/share) and a gross margin of 46.3%. FormFactor also acquired JanisULT's dilution refrigerator product line, enhancing its position in the quantum computing market. However, the outlook for Q3 indicates lower revenue of approximately $183 million and a reduced gross margin of 37.5%, driven by decreased demand from key customers.
FormFactor Reports Record Probe Card Revenues in 2021
FormFactor, Inc. (NASDAQ: FORM) achieved over $600M in probe card revenues for 2021, marking a 9% year-over-year increase. Ranked as the leading supplier of semiconductor probe cards by TechInsights, the company noted strong demand from Memory manufacturers and Foundry & Logic customers, driving growth in advanced wafer probe cards, which dominate the market. TechInsights predicts a 7% CAGR for advanced probe cards, reaching over $3.1 billion by 2026, indicating robust future growth in this sector.
FormFactor, Inc. (Nasdaq: FORM) will announce its financial results for the second quarter of fiscal 2022 on July 27, 2022, at 1:25 p.m. Pacific Time. Investors can join the live webcast on the company's website. Preregistration is required for telephone access. A replay of the call will be available afterward on the Investors section of FormFactor's website. FormFactor specializes in test and measurement technologies throughout the IC life cycle, serving semiconductor companies globally to enhance profitability and yield knowledge.
FormFactor, Inc. (NASDAQ: FORM) has launched a new lineup of cryogen-free dilution refrigerators (DRs), capable of cooling to sub-10 millikelvin, essential for superconducting quantum computers. This move positions FormFactor as the largest commercial DR supplier in the U.S. These systems include advanced features like broad options for test interfaces and cooling power ranging from 250 to 600 microwatts at 100 millikelvin. The global quantum computing market is projected to reach $16.4 billion by 2027, representing an 11.3% CAGR from 2021. FormFactor aims to enhance quantum technology development and expand customer relationships.
FormFactor, Inc. (NASDAQ:FORM) announced a partnership with SEEQC to enhance quantum computing R&D using FormFactor's PQ500 probe socket and Model 106 ADR. This innovative probe socket eliminates the need for wire-bonding in qubits, drastically improving device characterization speed and reliability. The collaboration aims to address the unique challenges faced in quantum computing testing, with FormFactor's technology expected to double the efficiency of cryogenic test cycles. This advancement is crucial as the industry progresses towards commercial scalability.
Keysight Technologies (NYSE: KEYS) has partnered with FormFactor (NASDAQ: FORM), DMPI Inc., and Virginia Diodes, Inc. to launch a new 170 GHz / 220 GHz Broadband Vector Network Analysis (VNA) Solution. This innovation aims to streamline design and verification cycles for 5G and upcoming 6G applications. The fully integrated solution includes advanced measurement technologies that enhance accuracy and efficiency, enabling faster market deployment of cutting-edge devices. The collaborative effort leverages each partner's expertise to improve testing capabilities across various conditions.
FormFactor, Inc. (Nasdaq: FORM) has announced a new stock repurchase authorization totaling $75 million. This initiative will complement the previous program valid until October 28, 2022, with the new authorization set to expire on May 20, 2024. The repurchases could occur in the open market or through private negotiations, driven by market conditions and cash flow. The primary goal is to offset dilution from stock-based compensation. This strategic move reflects the company's focus on enhancing shareholder value while navigating market uncertainties.
FormFactor, Inc. (NASDAQ: FORM) will participate in multiple investor conferences in June 2022. Notably, the B. Riley 22nd Annual Institutional Investor Conference on May 25, 2022, and others including the 19th Annual Craig-Hallum Conference on June 1, Cowen’s 50th Annual Conference on June 2, and Baird 2022 Global Conference on June 7. Additionally, the Stifel 2022 Cross Sector Insight Conference will be held on June 8, 2022. Investors can access a live webcast of the presentations via the FormFactor website.
FormFactor, a semiconductor test and measurement supplier, received a five-star rating in TechInsight's customer satisfaction survey. The company ranked as one of the 10 BEST Suppliers of Semiconductor Equipment, THE BEST Suppliers of Test Equipment, and THE BEST Suppliers of Test Subsystems. This marks the ninth consecutive year of recognition in the test subsystems category. The survey reflects feedback from global semiconductor manufacturers on supplier performance, customer service, and product quality. FormFactor's commitment to customer trust and uptime protection contributed to its top rankings.
FAQ
What is the current stock price of FormFactor (FORM)?
What is the market cap of FormFactor (FORM)?
What does FormFactor Inc. do?
What are the main segments of FormFactor's business?
Where does FormFactor generate most of its revenue?
What recent achievements has FormFactor announced?
What is the Echo-5Q?
Where does FormFactor operate?
How did FormFactor perform financially in Q4?
What is FormFactor's outlook for Q1?
Where can I find more information about FormFactor?
Who can I contact for investor relations at FormFactor?
