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FormFactor FORM Probe Cards — R&D

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$5.23M+31.8%

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RMBSReportable — Research And Development Expense Adjusted
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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$11.66B+244%
Enterprise value$11.56B+256%
P/E170.6×+108×
P/S13.9×+9.5×

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:ResearchAndDevelopmentExpense.

The official record: FormFactor’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FormFactor's probe cards — R&D?
FormFactor (FORM) reported probe cards — R&D of $21.77M in Q1 2026.
How has FormFactor's probe cards — R&D changed year-over-year?
FormFactor's probe cards — R&D increased by 3.4% year-over-year, from $21.06M to $21.77M.
What is the long-term trend for FormFactor's probe cards — R&D?
Over 3 years (2022 to 2025), FormFactor's probe cards — R&D has grown at a 1.5% compound annual growth rate (CAGR), from $82.43M to $86.3M.
What does probe cards — R&D mean?
Spending on developing new technologies and improving existing probe card products.
How do you interpret probe cards — R&D?
Higher spending signals a commitment to innovation, though it may temporarily compress short-term margins.
How does probe cards — R&D compare across companies?
Typically expressed as a percentage of revenue; peers in high-tech hardware often spend 10-20% of revenue on R&D.