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FormFactor FORM Systems — Cost of revenues

Other segment segments

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$98.13M+15.6%

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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 systems — cost of revenues?
FormFactor (FORM) reported systems — cost of revenues of $17.29M in Q1 2026.
How has FormFactor's systems — cost of revenues changed year-over-year?
FormFactor's systems — cost of revenues decreased by 10.5% year-over-year, from $19.32M to $17.29M.
What is the long-term trend for FormFactor's systems — cost of revenues?
Over 3 years (2022 to 2025), FormFactor's systems — cost of revenues has grown at a 4.2% compound annual growth rate (CAGR), from $75.58M to $85.54M.
What does systems — cost of revenues mean?
Includes all direct costs associated with manufacturing and delivering the products sold by the Systems segment, such as materials, labor, and overhead. This metric is essential for calculating the segment's direct profitability before operating expenses.

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