FormFactor, Inc. (FORM) Lifts Q2 Guidance

FormFactor, Inc. (NASDAQ: FORM) expects revenue for its fiscal second quarter of 2014 to be between $65 and $69 million, higher than the company's previous revenue guidance of $62 to $66 million. The consensus is $63.54 million. Non-GAAP gross margin is expected to be between 34% to 37%, higher than the company's previous gross margin guidance of 31% to 34%. Customer demand across the SOC and the DRAM segments are the main drivers for the increase to the company's expected revenue results.

"We continue to see strength in our business in both SOC and DRAM market segments," said Tom St. Dennis, CEO and Executive Chairman of the Board of FormFactor, Inc. "While we are encouraged by the strong momentum in our business, we remain focused on our longer term strategic initiatives that will drive growth beyond 2014."

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