FormFactor (FORM) Tops Q3 EPS by 3c, Guidance Misses

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Go back to FormFactor (FORM) Tops Q3 EPS by 3c, Guidance Misses

FormFactor, Inc. Reports 2022 Third Quarter Results

October 26, 2022 4:01 PM EDT

LIVERMORE, Calif., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the third quarter of fiscal 2022 ended September 24, 2022. Quarterly revenues were $180.9 million, a decrease of 11.3% compared to $203.9 million in the second quarter of fiscal 2022, and a decrease of 4.8% from $190.0 million in the third quarter of fiscal 2021.

As anticipated, third quarter revenue, gross margin and profitability were down sequentially, chiefly due to the expected reduction in Foundry & Logic probe card demandTo better align FormFactors cost structure with these reduced demand... More