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FormFactor FORM Probe Cards — Net Contribution

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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 form:NetContribution.

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
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
General and administrative14,33915,980
Factory start-up costs7,074
Operating income16,6483,269
Interest income, net2,1743,317

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's probe cards — net contribution?
FormFactor (FORM) reported probe cards — net contribution of $69.01M in Q1 2026.
How has FormFactor's probe cards — net contribution changed year-over-year?
FormFactor's probe cards — net contribution increased by 207.9% year-over-year, from $22.41M to $69.01M.
What is the long-term trend for FormFactor's probe cards — net contribution?
Over 3 years (2022 to 2025), FormFactor's probe cards — net contribution has grown at a 5.5% compound annual growth rate (CAGR), from $116.3M to $136.63M.
What does probe cards — net contribution mean?
This metric represents the net financial contribution of the probe cards business segment to the overall company performance. It reflects the segment's ability to generate value after accounting for direct costs associated with its specific product lines and operations.

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