FormFactor (FORM) Company Overview

FormFactor's Q4 results thrive on record DRAM probe-card sales, and AI and HBM growth. Yet, weak demand for PCs and mobile handsets remains challenging.

FormFactor, Inc. (NASDAQ:FORM ) Q4 2024 Earnings Conference Call February 5, 2025 4:25 PM ET Company Participants Stan Finkelstein - VP of Investor Relations Mike Slessor - Chief Executive Officer Shai Shahar - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Craig Ellis - B. Riley Securities Brian Chin - Stifel David Duley - Steelhead Securities Krish Sankar - TD Cowen Tom Diffely - D.A.

FormFactor (FORM) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.20 per share a year ago.

FORM shows growth potential with innovation and a diverse portfolio but faces challenges like rising expenses and weak demand.

FormFactor's diversified product portfolio and leadership in DRAM and HBM probe cards position it well for growth in semiconductor testing and advanced packaging markets. The Systems segment is expanding with solutions for quantum computing, silicon photonics, and co-packaged optics, anticipating significant demand by FY25 or early FY26. Q3 financials show strong revenue growth and improved free cash flow, despite a slight decrease in gross margin due to product mix and quality costs.

Though FORM's long-term prospect seems promising, but weakness in the Foundry and Logic segment and stretched valuation may cap near-term upside.

FormFactor Recognized for Supplier Excellence in Advanced Semiconductor Test Solutions FormFactor Recognized for Supplier Excellence in Advanced Semiconductor Test Solutions

FORM's third-quarter 2024 results benefit from record DRAM probe-card revenues on strong demand. Its weak guidance hurts shares.

FormFactor, Inc. (NASDAQ:FORM ) Q3 2024 Earnings Conference Call October 30, 2024 4:25 PM ET Company Participants Mike Slessor - President, Chief Executive Officer Shai Shahar - Chief Financial Officer Stan Finkelstein - Vice President of Investor Relations Conference Call Participants Krish Sankar - TD Cowen Charles Shi - Needham & Company Craig Ellis - B. Riley Securities David Dooley - Steelhead Securities Christian Schwab - Craig-Hallum Tom Diffely - D.A.