FormFactor, Inc. Reports 2024 First Quarter Results
FormFactor, Inc. (FORM)
Last formfactor, inc. earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
investors.formfactor.com
Company Research
Source: GlobeNewswire
LIVERMORE, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2024 ended March 30, 2024. Quarterly revenues were $168.7 million, an increase of 0.3% compared to $168.2 million in the fourth quarter of fiscal 2023, and an increase of 0.8% from $167.4 million in the first quarter of fiscal 2023. Revenue near the top-end of the outlook range; non-GAAP gross margins below the outlook range, due to weaker product mix in both segments and higher warranty costs; and non-GAAP EPS slightly below the midpoint of the outlook range, due to the lower-than-expected gross margins.Robust DRAM demand, with strong growth in High-Bandwidth-Memory on top of steady DDR5 new-design activity.Re-aligned the Company’s organizational structure to consolidate its global operations, recruited two executives to lead its operations and commercial functions, and appointed a director with significant operational experien
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News
- FormFactor Again Named One of THE BEST Suppliers in the Semiconductor Industry [Yahoo! Finance]Yahoo! Finance
- FormFactor Again Named One of THE BEST Suppliers in the Semiconductor IndustryGlobeNewswire
- FormFactor, Inc. (NASDAQ: FORM) had its price target raised by analysts at Citigroup Inc. from $37.00 to $46.00. They now have a "neutral" rating on the stock.MarketBeat
- FormFactor, Inc. (NASDAQ: FORM) had its price target raised by analysts at B. Riley from $52.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
- FormFactor, Inc. (NASDAQ: FORM) had its price target raised by analysts at Craig Hallum from $50.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
FORM
Earnings
- 5/1/24 - Beat
FORM
Sec Filings
- 5/15/24 - Form 4
- 5/14/24 - Form 144
- 5/13/24 - Form 4
- FORM's page on the SEC website