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FormFactor reports Q1 EPS 23c, consensus 19c

Reports Q1 revenue $171.36M, consensus $170.03M. “As expected, FormFactor (FORM) reported sequentially lower first-quarter revenue and profitability due to anticipated reductions in demand for both DRAM probe cards and Systems,” said Mike Slessor, CEO of FormFactor, Inc. “Longer-term, we remain confident in the growth prospects for FormFactor and the semiconductor industry overall, driven by the fundamental trends of Advanced Packaging, High-Bandwidth-Memory, and Co-Packaged Optics.”

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