Key Highlights

  • Consensus EPS of 0.86 compares with second-quarter diluted EPS of 0.71, against 0.12 a year earlier.
  • Consensus revenue of USD 270.52 million compares with second-quarter revenue of USD 258,242 thousand, against USD 195,798 thousand.
  • DRAM revenue was USD 84,999 thousand, up 49.0%, and Foundry and Logic revenue was USD 121,839 thousand, up 22.4%.
  • Gross profit was USD 130,922 thousand against USD 72,938 thousand, with operating income of USD 57,799 thousand.

FormFactor (NASDAQ:FORM) reports third-quarter results on Wednesday, Oct. 28, after the market closes. Consensus stands at EPS of 0.86 on revenue of USD 270.52 million, and the company has a market capitalization of USD 7.90 billion.

FormFactor reports Probe Cards and Systems revenue, with Probe Cards serving Foundry and Logic, DRAM and Flash markets. Second-quarter revenue was USD 258,242 thousand against USD 195,798 thousand, and net income was USD 56,207 thousand against USD 9,086 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.86 is above the second-quarter diluted EPS of 0.71, which compared with 0.12 a year earlier. The estimates table does not state its EPS basis. The revenue estimate of USD 270.52 million is above the USD 258,242 thousand reported, which compared with USD 195,798 thousand.

Six-month revenue was USD 484,386 thousand against USD 367,154 thousand. Basic EPS was 0.72 against 0.12.

What the Filing Gives and What the Sources Leave Open

The sources supplied include no earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing carries no third-quarter figures.

The filing states that no goodwill impairments were recorded for the six months ended June 27, 2026. Its forward-looking statements cover revenues, gross margins, liquidity and operating expenses without a numeric earnings range.

Probe Cards, Systems and Market Detail

Probe Cards revenue was USD 209,695 thousand against USD 162,108 thousand, and Systems revenue was USD 48,547 thousand against USD 33,690 thousand, up 44.1%. Foundry and Logic was 47.2% of revenues and DRAM was 32.9%.

Flash revenue was USD 2,857 thousand, down 48.4%. Six-month Probe Cards revenue was USD 407,952 thousand against USD 298,628 thousand, and Systems revenue was USD 76,434 thousand against USD 68,526 thousand.

Income Statement Lines, Cash and Securities

Cost of goods sold was USD 127,320 thousand against USD 122,860 thousand, and operating expenses were USD 73,123 thousand against USD 60,632 thousand. Income before income taxes was USD 60,694 thousand against USD 14,942 thousand, and net interest income was USD 2,683 thousand.

Cash and cash equivalents were USD 109,761 thousand against USD 103,330 thousand at year end, and marketable securities were USD 235,879 thousand against USD 171,842 thousand. Goodwill was USD 212,557 thousand. Gross profit was USD 130,922 thousand against USD 72,938 thousand, and operating income was USD 57,799 thousand against USD 12,306 thousand. Inventories were USD 121,409 thousand. Net income was USD 56,207 thousand against USD 9,086 thousand, and diluted EPS was 0.71 against 0.12. Systems revenue rose 44.1%, DRAM revenue rose 49.0% and total revenue rose 31.9%. The estimates table lists a market capitalization of USD 7.90 billion.

Comparisons to Make in the Report

Reported EPS against 0.86 and revenue against USD 270.52 million are the headline comparisons. Other markers are DRAM revenue, Systems revenue and gross profit.