FormFactor reports Q2 non-GAAP EPS 27c, consensus 30c

Reports Q2 revenue $195.8M, consensus $190.17M. “FormFactor (FORM) reported sequentially stronger second-quarter revenue that exceeded the high end of our outlook range, due to higher-than-anticipated growth in our probe-card business,” said Mike Slessor, CEO of FormFactor. “Despite this revenue strength, non-GAAP gross margin and overall profitability fell short of our outlook, mainly caused by an unfavorable shift in product mix and unforecasted ramp-up costs for a second HBM DRAM customer.”