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FormFactor FORM Systems — Goodwill

Other segment segments

Probe Cards
$177.37M0.0%

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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 systems — goodwill?
FormFactor (FORM) reported systems — goodwill of $38.04M in Q1 2026.
How has FormFactor's systems — goodwill changed year-over-year?
FormFactor's systems — goodwill increased by 70.4% year-over-year, from $22.33M to $38.04M.
What is the long-term trend for FormFactor's systems — goodwill?
Over 4 years (2021 to 2025), FormFactor's systems — goodwill has grown at a -6.4% compound annual growth rate (CAGR), from $140.66M to $107.95M.
What does systems — goodwill mean?
Represents the intangible asset value recorded when the Systems segment acquires another business for a price exceeding the fair market value of its net identifiable assets. This reflects the premium paid for synergies, brand reputation, and customer relationships specific to the systems and thermal sub-systems product lines.

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