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FormFactor FORM Operating Income

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Other financials

Income statement

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Revenue$226.1M+32.0%
Gross profit$86.8M+34.5%
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:OperatingIncomeLoss.

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
Selling, general and administrative32,29233,454
Factory start-up costs7,074
Total operating expenses70,14661,254
Operating income16,6483,269
Interest income, net2,1743,317
Other income, net441890
Income before income taxes and equity investment19,2637,476
Provision for income taxes3961,075

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's operating income?
FormFactor (FORM) reported operating income of $16.65M in Q1 2026.
How has FormFactor's operating income changed year-over-year?
FormFactor's operating income increased by 409.3% year-over-year, from $3.27M to $16.65M.
What is the long-term trend for FormFactor's operating income?
Over 3 years (2021 to 2025), FormFactor's operating income has grown at a -16.5% compound annual growth rate (CAGR), from $98.04M to $57.07M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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