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FormFactor FORM Gross Profit

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Segments

By segment

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Probe Cards$100.13M+94.0%
Systems$10.6M-31.7%

Other financials

Income statement

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Revenue$226.1M+32.0%
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

Calculated from FormFactor’s reported figures.

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 28,2026Three Months Ended / March 29,2025
Revenues$226,144$171,356
Cost of revenues139,350106,833
Gross profit86,79464,523
Operating expenses:
Research and development30,78027,800
Selling, general and administrative32,29233,454
Factory start-up costs7,074
Total operating expenses70,14661,254

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's gross profit?
FormFactor (FORM) reported gross profit of $86.79M in Q1 2026.
How has FormFactor's gross profit changed year-over-year?
FormFactor's gross profit increased by 34.5% year-over-year, from $64.52M to $86.79M.
What is the long-term trend for FormFactor's gross profit?
Over 4 years (2021 to 2025), FormFactor's gross profit has grown at a -1.1% compound annual growth rate (CAGR), from $322.77M to $308.85M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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