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FormFactor FORM Systems Segment — Restructuring Charges

Discontinued — last reported Q4 '25

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RMBSReportable — Restructuring Charges
$0

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:RestructuringCharges.

The official record: FormFactor’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FormFactor's systems segment — restructuring charges?
FormFactor (FORM) reported systems segment — restructuring charges of $450K in Q4 2025.
What is the long-term trend for FormFactor's systems segment — restructuring charges?
Over 2 years (2022 to 2025), FormFactor's systems segment — restructuring charges has grown at a -18.4% compound annual growth rate (CAGR), from $2.7M to $1.8M.
What does systems segment — restructuring charges mean?
The one-time costs associated with reorganizing or downsizing the Systems business segment.
How do you interpret systems segment — restructuring charges?
An increase indicates active organizational restructuring, which may temporarily depress earnings but is intended to improve future operational efficiency. A decrease suggests that the segment has completed its major reorganization efforts and is moving toward a more stable cost structure.
How does systems segment — restructuring charges compare across companies?
Peers in the semiconductor equipment industry report similar charges under 'Restructuring' or 'Special Charges' during periods of cyclical downturns or post-acquisition integration.