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Formfactor (FORM)
:FORM
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -8.61%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
FormFactor demonstrated strong growth in DRAM probe-card revenue and strategic advancements through partnerships and acquisitions. However, this was balanced by significant challenges, including a sequential decline in revenue and margins, export control impacts in China, and weakness in Foundry and Logic demand. The mixed results indicate both positive and negative trends in the business environment.Company Guidance
During the FormFactor Q4 2024 earnings call, the company provided guidance that highlighted a sequential reduction in demand for non-HBM DRAM probe-cards, driven by export controls affecting sales to China, which was a significant revenue source. They reported a Q4 revenue of $189.5 million, a 9% decrease from Q3, but a 12.7% increase year-over-year. For fiscal 2024, revenues totaled $764 million, up 15.2% from the previous year, largely due to a $100 million increase from HBM revenues. The non-GAAP gross margin for Q4 was 40.2%, and non-GAAP EPS was $0.27. The outlook for Q1 2025 anticipates revenues of $170 million and a non-GAAP gross margin of 38%. The company remains optimistic about growth in 2025, driven by the transition to HBM4, and new customer qualifications, although challenges remain due to market conditions in client PCs and mobile handsets.Record DRAM Probe-Card Revenue
FormFactor reported record DRAM probe-card revenue for the third consecutive quarter, driven by solid DDR5 demand and sequential growth in High Bandwidth Memory (HBM) which increased to approximately half the record quarterly DRAM revenue.
Significant Strategic Developments
FormFactor announced the acquisition of a 20% stake in FICT Limited, a leading supplier of complex multi-layer organic substrates, and a technology partnership with Advantest Corporation to enhance advanced packaging and wafer-level test capabilities.
Fiscal Year 2024 Revenue Growth
FormFactor recorded fiscal year 2024 revenues of $764 million, an increase of 15.2% from fiscal 2023. Almost all of this $100 million growth came from HBM revenues.
Systems Segment Growth
The systems segment saw a sequential increase in fourth-quarter revenue, driven by customer innovation in areas like quantum computing and high-performance compute.
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FORM Earnings History
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
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FORM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $41.12 | $38.33 | -6.79% |
| Oct 30, 2024 | $43.81 | $37.98 | -13.31% |
| Jul 31, 2024 | $53.56 | $47.25 | -11.78% |
| May 01, 2024 | $43.99 | $51.75 | +17.64% |
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.
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FAQ
When does Formfactor (FORM) report earnings?
Formfactor (FORM) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Formfactor (FORM) earnings time?
Formfactor (FORM) earnings time is at Apr 30, 2025, TBA Not 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 (Q1) is 0.19.
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