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FormFactor FORM Probe Cards — Foreign currency translation

Other segment segments

Systems
-$617K+23.1%

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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:GoodwillForeignCurrencyTranslationGainLoss.

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 itemProbe CardsSystemsTotal
Goodwill, as of December 28, 2024$177,369$21,802$199,171
Acquisition - Keystone15,05015,050
Foreign currency translation1,8081,808
Goodwill, as of December 27, 2025177,36938,660216,029
Foreign currency translation(617)(617)
Goodwill, as of March 28, 2026$177,369$38,043$215,412

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's probe cards — foreign currency translation?
FormFactor (FORM) reported probe cards — foreign currency translation of $0 in Q1 2026.
What does probe cards — foreign currency translation mean?
Reflects the gains or losses arising from the translation of financial statements of foreign subsidiaries within the Probe Cards segment into the reporting currency. This accounts for fluctuations in exchange rates between the period of asset acquisition and the reporting date. It highlights the segment's exposure to international markets and currency volatility.

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