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FormFactor FORM Probe Cards — Goodwill

Other segment segments

Systems
$38.04M+70.4%

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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:Goodwill.

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 — goodwill?
FormFactor (FORM) reported probe cards — goodwill of $177.37M in Q1 2026.
How has FormFactor's probe cards — goodwill changed year-over-year?
FormFactor's probe cards — goodwill decreased by 0.0% year-over-year, from $177.37M to $177.37M.
What is the long-term trend for FormFactor's probe cards — goodwill?
Over 4 years (2021 to 2025), FormFactor's probe cards — goodwill has grown at a -0.1% compound annual growth rate (CAGR), from $713.7M to $709.48M.
What does probe cards — goodwill mean?
Represents the intangible asset value recorded when the Probe Cards business segment acquires another entity for a price exceeding the fair market value of its net identifiable assets. This reflects the premium paid for brand reputation, customer relationships, and intellectual property specific to semiconductor wafer testing equipment. It is subject to periodic impairment testing to ensure the carrying value remains supported by future cash flows.

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