FormFactor sees 3.2% increase in shares, beats earnings estimates, expects growth

From Nasdaq: 2024-08-30 11:31:39

FormFactor (FORM) has seen a 3.2% increase in shares since the last earnings report. Their Q2 earnings beat estimates with 35 cents per share, up from 14 cents last year. Revenues of $197 million surpassed expectations, primarily driven by probe card demand.

Segment revenues showed strong growth, with increases in Foundry & Logic, DRAM, and Flash segments. Operating margin expanded to 14.4%, and cash and cash equivalents were $357.6 million. FormFactor expects $200 million in Q3 revenues with a non-GAAP gross margin of 43%.

Estimates for FormFactor have been trending upward, with a Zacks Rank #3 (Hold) and VGM Score of D. Another industry player, Advanced Micro Devices (AMD), reported revenue growth of 8.9% and expects to post earnings of $0.91 per share in the current quarter. They have a Zacks Rank #3 and VGM Score of F.



Read more at Nasdaq: FormFactor (FORM) Up 3.2% Since Last Earnings Report: Can It Continue?