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) reported its Q1 fiscal 2022 results, revealing revenues of $197.2 million, a 3.8% decrease sequentially but a 5.6% increase year-over-year. The company achieved record GAAP and non-GAAP operating income and net income, indicating strong profitability. Net income stood at $29.9 million, or $0.38 per diluted share, with a gross margin of 47.8%. For Q2 2022, FormFactor anticipates revenues of approximately $203 million, showing continued momentum despite supply chain challenges. Strong cash flow also supports growth strategies.
FormFactor, Inc. (Nasdaq: FORM) will release its financial results for the fiscal first quarter of 2022 on April 27, 2022, at 1:25 PM PT. A live webcast of the conference call will be accessible on their official website. Following the call, a telephone replay will be available until May 4, 2022. FormFactor is a prominent provider of test and measurement technologies throughout the IC lifecycle, assisting semiconductor firms in optimizing performance and yield.
FormFactor, Inc. (NASDAQ: FORM) has launched the TESLA300, an advanced semiconductor probing system for IGBT and power MOSFET device measurements on 300mm wafers. This system can handle up to 10,000 V and 600 A of current, offering benefits like automated testing and improved efficiency, aimed at reducing production costs.
Analysts forecast the power device market in electric vehicles to grow at 26% CAGR and reach $5.6B by 2026, driving demand for the TESLA300 in both R&D and production environments.
FormFactor, Inc. (Nasdaq: FORM) reported record quarterly revenues of $205 million for Q4 FY2021, marking a 7.9% increase from Q3 2021 and 4% growth from Q4 FY2020. Annual revenues reached $770 million, up 11% year-over-year. Net income for Q4 was $25.9 million, or $0.33 per share, an increase from both Q3 2021 and Q4 2020. Gross margins improved to 43.7%. Looking ahead, Q1 FY2022 revenue is projected between $188 million and $200 million.
FormFactor announced a new cryogenic test service to accelerate quantum computing IC development. Located in Boulder, Colorado, the Advanced Cryogenic Lab allows quantum developers to characterize qubits and resonators at 50 millikelvin, doubling development cycles without upfront costs. The integrated solution, developed with Keysight, enhances device testing efficiency, eliminating lengthy sample preparation. Key features include custom probe interfaces, dedicated engineering support, and flexible access options.
FormFactor, Inc. (NASDAQ: FORM) will announce its financial results for the fiscal fourth quarter of 2021 on February 2, 2022, at 1:25 p.m. PT. A live webcast of the conference call will be available on FormFactor's website, and a replay will be accessible for a week afterward. The company specializes in test and measurement technologies for the semiconductor industry, assisting clients in enhancing device performance and profitability through its comprehensive product offerings across multiple regions including Asia, Europe, and North America.
FormFactor, Inc. (Nasdaq: FORM) will present at the 24th Annual Needham Growth Virtual Conference on January 12, 2022, at 3:30 PM ET. Michael Slessor, the CEO, will lead the presentation. Interested investors can access the live webcast via the company's website, with replays also available. FormFactor specializes in test and measurement technologies critical for semiconductor companies, supporting the entire IC life cycle to enhance device performance and yield. The company operates facilities in Asia, Europe, and North America.
FormFactor, a leading semiconductor test and measurement supplier, has announced the opening of a new 90,000 square foot manufacturing facility in Livermore, California. This expansion is part of the company’s plan to invest approximately $70-80 million in manufacturing capacity for 2021. The facility includes a class 1000 clean room for the assembly of MEMS probe cards and is designed to meet the increasing demand for advanced semiconductor testing technologies. FormFactor ships over 85 million MEMS probes annually to semiconductor fabs globally.
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