The earnings call presented a mix of positive and negative aspects. On the positive side, FormFactor experienced sequential revenue growth, significant increases in DRAM and HBM revenues, and strategic investments to improve competitiveness. However, these were offset by declines in gross margin, increased tariffs, reduced systems segment revenue, and higher operating expenses.

Company Guidance

During the FormFactor's Second Quarter 2025 Earnings Conference Call, CEO Mike Slessor and CFO Shai Shahar highlighted the company's financial performance and future outlook. FormFactor reported a sequential revenue increase to $195.8 million, surpassing the high end of their outlook, primarily due to significant growth in the probe card business, particularly in the DRAM and HBM sectors. Despite this revenue growth, the non-GAAP gross margin was at the low end of expectations at 38.5%, impacted by product mix shifts, increased tariffs, and ramp-up costs for a second HBM DRAM customer. Looking ahead to the third quarter, FormFactor anticipates revenue to remain stable but expects a slight improvement in gross margin to 40%, albeit with potential tariff-related challenges. The company is also focusing on strategic investments, such as acquiring a new manufacturing facility in Texas, to enhance long-term competitiveness and profitability. Additionally, FormFactor is advancing its capabilities in emerging sectors like generative AI and quantum computing, positioning itself for future growth in the semiconductor industry.

Sequential Revenue Growth

FormFactor reported sequentially stronger second quarter revenue of $195.8 million, which exceeded the high end of their outlook range by $0.8 million due to growth in the probe card business.

DRAM and HBM Growth

DRAM revenues were $57.1 million in Q2, 16.8% higher than the first quarter, driven by HBM, which increased from $29.5 million in Q1 to $37 million in Q2.

Foundry and Logic Revenue Increase

Foundry and logic revenues were $100 million, a 16.7% increase from the first quarter, making up 50.8% of total company revenues.

Strategic Investments

FormFactor made strategic investments, including purchasing a manufacturing facility in Texas and a minority equity investment in FICT to improve competitiveness and profitability.

Customer Recognition

FormFactor was recognized as the #1 global supplier in both test subsystems and focused chip-making equipment categories in the TechInsights' 2025 global customer satisfaction survey.

Formfactor (FORM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FORM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.25 / -	0.35	―	―	―
Jul 30, 2025	2025 (Q2)	0.30 / 0.27	0.35	-22.86% (-0.08)
Apr 30, 2025	2025 (Q1)	0.19 / 0.23	0.18	27.78% (+0.05)
Feb 05, 2025	2024 (Q4)	0.29 / 0.27	0.2	35.00% (+0.07)
Oct 30, 2024	2024 (Q3)	0.31 / 0.35	0.22	59.09% (+0.13)
Jul 31, 2024	2024 (Q2)	0.31 / 0.35	0.14	150.00% (+0.21)
May 01, 2024	2024 (Q1)	0.19 / 0.18	0.16	12.50% (+0.02)
Feb 07, 2024	2023 (Q4)	0.20 / 0.20	0.05	300.00% (+0.15)
Nov 01, 2023	2023 (Q3)	0.17 / 0.22	0.24	-8.33% (-0.02)
Aug 02, 2023	2023 (Q2)	0.12 / 0.14	0.46	-69.57% (-0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FORM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$34.42	$28.41	-17.46%
Apr 30, 2025	$28.14	$28.97	+2.95%
Feb 05, 2025	$41.12	$38.33	-6.79%
Oct 30, 2024	$43.81	$37.98	-13.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Formfactor (FORM) report earnings?

Formfactor (FORM) is schdueled to report earning on Oct 22, 2025, TBA (Confirmed).

What is Formfactor (FORM) earnings time?

Formfactor (FORM) earnings time is at Oct 22, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FORM EPS forecast?

FORM EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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