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) 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.
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.
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