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FormFactor FORM Systems — Selling Expense

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$7.72M+17.6%

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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:SellingExpense.

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
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
General and administrative14,33915,980
Factory start-up costs7,074

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's systems — selling expense?
FormFactor (FORM) reported systems — selling expense of $3.84M in Q1 2026.
How has FormFactor's systems — selling expense changed year-over-year?
FormFactor's systems — selling expense increased by 4.9% year-over-year, from $3.66M to $3.84M.
What is the long-term trend for FormFactor's systems — selling expense?
Over 3 years (2022 to 2025), FormFactor's systems — selling expense has grown at a -0.0% compound annual growth rate (CAGR), from $14.95M to $14.94M.
What does systems — selling expense mean?
Costs incurred to market, promote, and sell the products of the Systems segment to customers. This includes sales commissions, advertising, and the maintenance of sales infrastructure required to drive segment growth.

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