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Segments

By segment

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Probe Cards$21.77M+3.4%
Systems$5.23M+31.8%

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:ResearchAndDevelopmentExpense.

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
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
Operating income16,6483,269

Item 1. Financial Statements (Unaudited):

FAQ

What is FormFactor's R&D?
FormFactor (FORM) reported R&D of $30.78M in Q1 2026.
How has FormFactor's R&D changed year-over-year?
FormFactor's R&D increased by 10.7% year-over-year, from $27.8M to $30.78M.
What is the long-term trend for FormFactor's R&D?
Over 4 years (2021 to 2025), FormFactor's R&D has grown at a 3.5% compound annual growth rate (CAGR), from $100.94M to $115.68M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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