Earnings Releases·Oct 28, 2026, 4:02 PM ET

FormFactor — Q3 2026 Earnings Summary

Q3 2026 revenue reached $280.5 million, a 38.4% year-over-year increase and 8.6% sequential rise, while GAAP net income surged to $73.8 million ($0.93/share) compared to $15.7 million ($0.20/share) in the prior year quarter.
Gross margins expanded significantly to 54.7% (GAAP) and 56.5% (non-GAAP) in Q3, up from 39.8% and 41.0% respectively in Q3 2025, driven by strong demand in Foundry & Logic and Systems segments.
Management provided Q4 2026 guidance of $285 million +/- $10 million in revenue and $0.84 +/- $0.09 in GAAP EPS, noting that capacity constraints in the existing footprint are being addressed by bringing the new Farmers Branch factory online.
Nine-month free cash flow improved to $148.1 million from a negative $21.2 million in the prior year period, though the company executed no stock repurchases during the nine-month period compared to $26.2 million previously.
Strategic developments include a partnership expansion with Teradyne for next-generation high-performance compute applications and a continued positive outlook citing broad-based demand, despite risks from trade regulations and geopolitical volatility.