FORM Earnings Prediction
The chart below shows how FORM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FORM sees a -0.82% change in stock price 10 days leading up to the earnings, and a -2.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
FORM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
207.92M
21.18%
5.29%
Gross Margin
40.74%
0.89%
-7.43%
Operating Margin
8.59%
443.67%
-2.83%
Net Margin
9.01%
253.33%
-8.25%
EPS
0.24
300.00%
-4.00%
No Data Available
FORM Earnings Analysis
FormFactor Inc. Corporation (FORM.O) Earnings Conference Call
Positive
Record Revenue Achievement: FormFactor's third quarter revenue exceeded the outlook range provided in July and set an all-time record.
Record DRAM Probe-Card Revenue: DRAM probe-card revenue set a third consecutive quarterly record, and non-GAAP earnings per share was at the top end of the outlook range.
Quarterly Revenue Increase: Third quarter revenues increased 5.3% from the second and increased to 21.2% year-over-year.
Probe-Card Revenue Increase: Probe-card segment revenues were $172.2 million in the third quarter, an increase of $5.4 million, or 3.2%, from the second quarter.
Free Cash Flow Increase: The company generated free cash flow of $20 million in the third quarter, compared to $14.2 million in Q2.
Negative
Gross Margin Analysis: Non-GAAP gross margin of 42.2% was 0.8 percentage points below the midpoint of the range.
Quarterly Revenue Increase: Third quarter revenues increased 5.3% from the second and increased to 21.2% year-over-year.
Operating Expenses Comparison: Non-GAAP operating expenses for the third quarter were $59.3 million, or 28.5% of revenues, compared with $60.9 million, or 30.8% of revenues in Q2.
Quarterly Net Income Comparison: GAAP net income for the third quarter was $18.7 million, compared with a GAAP net income of $19.4 million in the previous quarter.
Gross Margin Decline Factors: The decrease in gross margins was mostly due to unexpected quality-related costs in our systems segment.
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FORM Earning Call Sentiment
FormFactor, Inc. (FORM) Q3 2024 Earnings Call Transcript
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FORM.O
-1.47%Positive
The earnings call summary presents a mixed picture: while revenue increased by 21.2% YoY and DRAM revenue hit a record high, gross margins declined due to an unfavorable product mix. The Q&A revealed concerns about weaknesses in the Foundry and Logic markets, yet there is optimism for HBM growth. The share buyback plan is a positive, but the lack of visibility into future guidance and geopolitical uncertainties in China temper expectations. Overall, the sentiment is neutral, as positive and negative factors balance each other out.