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 -0.19% change in stock price 10 days leading up to the earnings, and a -3.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.39%. This data can give you a slight idea of what to expect for the next quarter's release.
FORM Key Earning Data
FORM Earnings Analysis
Positive
DRAM Probe-Card Revenue Surge: Record DRAM probe-card revenue of $63.3 million in Q4, a 5.2% increase from the previous record, contributing to 33.4% of total quarterly revenues.
Revenue Increase Overview: Fiscal 2024 revenues reached $764 million, a 15.2% increase from $663 million in fiscal 2023, driven primarily by HBM revenue growth.
Free Cash Flow Increase: Free cash flow for Q4 increased to $28.8 million, up from $20 million in Q3, and fiscal 2024 free cash flow rose to $83 million compared to $11.4 million in fiscal 2023.
Share Repurchase Update: The company repurchased shares worth $16.1 million in Q4, with $20.5 million remaining available under the $75 million buyback program approved in Q4 2023.
Non-GAAP Net Income Growth: Non-GAAP net income for fiscal 2024 was $90.2 million, a 58% increase year-over-year from $56.8 million in fiscal 2023.
Negative
Earnings Miss Report: FormFactor, Inc. misses on earnings expectations with reported EPS of $0.27, falling short of the expected $0.29.
Fourth Quarter Revenue Decline: Fourth quarter revenues decreased by 9% from the all-time record revenues reached in the third quarter, totaling $189.5 million, which was $0.5 million below the midpoint of the outlook range.
Probe-Card Revenue Decline: Probe-card segment revenues dropped to $150.3 million in Q4, a decrease of $21.9 million or 12.7% from the previous quarter, primarily due to lower Foundry and Logic and Flash revenues.
Foundry Revenue Decline: Foundry and Logic revenues fell to $83 million in Q4, representing a 22.5% decrease from the third quarter, and accounted for only 44% of total company revenues compared to 51.7% in Q3.
Q4 Non-GAAP Operating Income Decline: Non-GAAP operating income for Q4 was $20.9 million, down $7.4 million or 26.3% from the previous quarter, driven by lower revenues and gross margins.
FORM FAQs
How does FORM typically perform around its earnings report dates?
FORM's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.19% change leading up to the report and a -3.62% change in the 10 days following the release.
Is FormFactor Inc (FORM) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FORM Earning Call Sentiment
FormFactor, Inc. (NASDAQ:FORM) Q4 2024 Earnings Call Transcript
FORM.O
-4.28%
