FormFactor (FORM) Misses Q1 EPS by 1c

FormFactor (NASDAQ: FORM) reported Q1 EPS of $0.38, $0.01 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $186.6 million versus the consensus estimate of $183 million.

“Our revenue and gross margin performance, paired with good operating expense control, produced solid quarterly results as we continued to invest in capacity expansion to meet anticipated long-term, broad-based demand,” said Mike Slessor, CEO of FormFactor, Inc. “The underlying components of first quarter demand were similar to Q4’20, driven mostly by strong Foundry and Logic demand coupled with DRAM levels comparable to the previous quarter.”

GUIDANCE:

FormFactor sees Q2 2021 EPS of $0.28-$0.36, versus the consensus of $0.38. FormFactor sees Q2 2021 revenue of $180-192 million, versus the consensus of $183.12 million.

For earnings history and earnings-related data on FormFactor (FORM) click here.

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