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FormFactor FORM Probe Cards — Cost of revenues

Other segment segments

Systems
$17.29M-10.5%

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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:CostOfGoodsAndServicesSold.

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 / Corporate and OtherThree Months Ended / March 28, 2026 / TotalThree Months Ended / March 29, 2025 / Probe CardsThree Months Ended / March 29, 2025 / SystemsThree Months Ended / March 29, 2025 / Corporate and OtherThree Months Ended / March 29, 2025 / Total
Revenues$198,257$27,887$226,144$136,520$34,836$171,356
Cost of revenues98,12617,28523,939139,35084,90519,3212,607106,833
Gross profit100,13110,602(23,939)86,79451,61515,515(2,607)64,523
Gross margin50.5%38.0%38.4%37.8%44.5%37.7%
Research and development21,7725,2313,77730,78021,0563,9682,77627,800
Selling7,7233,8381,31512,8766,5663,6602,80113,027
Marketing1,6221,8201,6355,0771,5801,7411,1264,447
Net contribution$69,014$(287)$(30,666)38,061$22,413$6,146$(9,310)19,249

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's probe cards — cost of revenues?
FormFactor (FORM) reported probe cards — cost of revenues of $98.13M in Q1 2026.
How has FormFactor's probe cards — cost of revenues changed year-over-year?
FormFactor's probe cards — cost of revenues increased by 15.6% year-over-year, from $84.91M to $98.13M.
What is the long-term trend for FormFactor's probe cards — cost of revenues?
Over 3 years (2022 to 2025), FormFactor's probe cards — cost of revenues has grown at a 2.2% compound annual growth rate (CAGR), from $355.86M to $379.4M.
What does probe cards — cost of revenues mean?
The direct costs associated with manufacturing and delivering probe cards, including raw materials, direct labor, and overhead costs for the production facility. This metric is essential for calculating the segment's production efficiency and cost control. It excludes indirect expenses like R&D or administrative overhead.

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