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 participate in several upcoming virtual investor conferences. Key events include the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 1:30 pm ET, followed by the Cowen Annual TMT Conference on June 1 and the 18th Annual Craig-Hallum Conference on June 2, both featuring 1:1 meetings only. Additionally, FormFactor will present at the Baird's 2021 Global Consumer, Technology & Services Conference on June 8 at 4:20 pm ET and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10 at 4:00 pm ET. Webcasts can be accessed via the company’s website.
FormFactor, Inc. announced Q1 2021 results with revenues of $186.6 million, a 5.3% decline from Q4 2020 but a 16.1% increase year-over-year. Net income was $19.6 million, or $0.25 per share. The company's gross margin improved to 41.1%. Looking ahead, Q2 revenue is projected between $180 million and $192 million, with a gross margin of 37% to 40%. Factors influencing future performance include reduced Foundry and Logic demand but increased DRAM probe card shipments expected to compensate.
FormFactor, Inc. (NASDAQ: FORM) reported a remarkable 40% year-over-year growth in revenues from advanced probe cards for non-memory applications, driven by increased demand from Foundry and Logic customers. The company continues to be ranked as the leading supplier of semiconductor probe cards globally, maintaining this position for eight consecutive years. The advanced probe card market is projected to grow at over 7% CAGR from 2020 to 2025, reaching $2.7 billion. This growth is attributed to advancements in 5G technology and sophisticated chip designs.
FormFactor, Inc. (NASDAQ: FORM) will announce its fiscal Q1 2021 financial results on April 28, 2021, at 1:25 p.m. PT. Investors can join the live webcast via the company's website. A telephone replay of the call will be accessible two hours post-call until April 30, 2021. FormFactor is a provider of critical test and measurement technologies throughout the IC lifecycle, aiding semiconductor firms in enhancing device performance and yield. The company operates in Asia, Europe, and North America, supporting clients with a robust network.
FormFactor has launched the HPD IQ1000 Scanning SQUID Microscope, its first product targeting the quantum computing market. This innovative device allows high-throughput characterization of magnetic flux in superconducting circuits, significantly reducing development time for device designers. With a projected quantum computing market growth to $1.7B by 2026 at a CAGR of 30.2%, the IQ1000's rapid imaging capabilities (up to 100 microns per second) and unattended operation position FormFactor to capitalize on this growth and enhance its semiconductor testing portfolio.
FormFactor, Inc. (Nasdaq: FORM) reported record financial results for Q4 and FY 2020. Q4 revenues reached $197 million, a 10.7% increase sequentially and 10.3% year-over-year. FY 2020 revenues totaled $693.6 million, up 17.7% from FY 2019. Non-GAAP net income for Q4 was $35.3 million, or $0.44 per share, compared to $30.7 million in Q3 2020. While gross margin for Q4 declined to 39.4%, FY 2020 gross margin improved to 41.5%. For Q1 2021, the company expects revenues between $176 million and $188 million, planning further capacity expansion to meet ongoing demand.
FormFactor, Inc. (NASDAQ: FORM) is set to release its financial results for the fourth quarter of fiscal 2020 on February 3, 2021, at 1:25 p.m. PT. Investors can access a live webcast during the conference call via the company's website. A telephone replay will be available shortly after the call, continuing until February 10, 2021. FormFactor specializes in test and measurement technologies throughout the IC life cycle, assisting semiconductor companies to enhance profitability and optimize device performance. The company operates facilities across Asia, Europe, and North America.
FormFactor, Inc. (NASDAQ:FORM) will participate in the 23rd Annual Growth Conference hosted by Needham on January 13, 2021, at 2:45 pm ET. This virtual event will allow investors to listen to a live presentation by the company, which can be accessed on its website. FormFactor specializes in test and measurement technologies for the semiconductor industry, aiding in device performance optimization and yield knowledge. The company operates in Asia, Europe, and North America, serving a global customer base.
FormFactor has partnered with T.I.P.S. to launch the MeasureOne program, offering enhanced test solutions for power semiconductors essential for electric and hybrid vehicles. With the power semiconductor market projected to exceed $3.7B by 2024, this partnership aims to address increasing demands in high-voltage, high-current applications. The collaboration utilizes T.I.P.S.'s specialized probe cards and FormFactor's high-power testing systems to improve device characterization and performance while ensuring reliability and efficiency in testing.
FormFactor, a leader in test and measurement technologies, will participate in the 12th Annual Virtual CEO Summit on December 16, 2020. The event allows accredited investors and analysts to engage in small group meetings with the company's management team. The presentation materials will be available on FormFactor's investor page. The summit features 16 management teams, presenting in a virtual format, with advance registrations required by December 10, 2020.
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