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FormFactor FORM DRAM — Revenue

Other product segments

Foundry & Logic
$111.19M+30.4%
Systems Product Group
$27.89M-19.9%
Flash
$4.14M+73.1%

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Other financials

Income statement

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Revenue$226.1M+32.0%
Gross profit$86.8M+34.5%
Operating income$16.6M+409%
Net income$20.4M+218%
EPS (diluted)$0.26+225%

Balance sheet

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Cash & equivalents$126.4M-5.1%
Total debt$31.9M-14.9%
Total equity$1.1B+9.6%
Total assets$1.3B+8.6%

Cash flow

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Operating cash flow$45.0M+91.0%
CapEx$15.2M-18.3%
Free cash flow$29.8M+501%

Valuation

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Market cap$8.94B+320%
Enterprise value$8.85B+322%
P/E130.8×+82.3×
P/S10.7×+7.9×

Profitability

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Gross margin39.4%-1.0pp
Operating margin8.4%+2.3pp
Net margin8.1%+1.1pp
FCF margin4.4%-4.1pp

Returns & leverage

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Return on equity6.8%+1.0pp
Debt / equity0.0×
Current ratio4.5×+0.1×

Where this comes from

Reported directly by FormFactor in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: FormFactor’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001039399-26-000023
Line itemThree Months Ended / March 28, 2026 / Probe CardsThree Months Ended / March 28, 2026 / SystemsThree Months Ended / March 28, 2026 / TotalThree Months Ended / March 29, 2025 / Probe CardsThree Months Ended / March 29, 2025 / SystemsThree Months Ended / March 29, 2025 / Total
Market:
Foundry & Logic$111,188$111,188$85,272$85,272
DRAM82,93382,93348,85848,858
Flash4,1364,1362,3902,390
Systems27,88727,88734,83634,836
Total$198,257$27,887$226,144$136,520$34,836$171,356
Timing of revenue recognition:
Products transferred at a point in time$196,285$24,720$221,005$134,721$31,335$166,056

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's DRAM — revenue?
FormFactor (FORM) reported DRAM — revenue of $82.93M in Q1 2026.
How has FormFactor's DRAM — revenue changed year-over-year?
FormFactor's DRAM — revenue increased by 69.7% year-over-year, from $48.86M to $82.93M.
What is the long-term trend for FormFactor's DRAM — revenue?
Over 4 years (2021 to 2025), FormFactor's DRAM — revenue has grown at a 12.2% compound annual growth rate (CAGR), from $156.05M to $247.4M.
What does DRAM — revenue mean?
This metric represents the total net sales generated from the sale of probe card products specifically designed for Dynamic Random Access Memory (DRAM) semiconductor applications. It reflects the company's market penetration and demand within the memory chip manufacturing sector, which is a critical component of the broader semiconductor test equipment market. Fluctuations in this revenue stream are typically driven by capital expenditure cycles of memory manufacturers and the overall demand for high-performance memory components.

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