FormFactor (NASDAQ: FORM) — Executive Financial Pack

GAAP quarterly performance from SEC XBRL filings, FY2018 through the latest filed quarter — headline, driver, variance. Margins & segments → · Peer benchmark →

Data as of SEC filings retrieved … · GAAP per XBRL; company headline figures may be non-GAAP

Latest quarter

What moved

Trends — FY2018 → latest filed quarter

All values GAAP as filed. Q4 values marked ‡ are derived as FY − (Q1+Q2+Q3); hover any point for detail.

Revenue reached $226.1M, the highest quarter in the series and up 32.0% year on year

$ millions, quarterly, GAAP as filed

Gross margin slipped 3.8 points to 38.4%, still 0.7 points above a year ago

% of revenue, GAAP · gross-margin walk & segments →

Operating expenses run 31.0% of revenue, down about five points since early 2025

% of revenue: R&D, SG&A, total opex

Diluted EPS of $0.26 is up $0.18 year on year; the two flagged quarters are one-time items, not trend

$ per share, GAAP

Table view

The same conformed data as the charts, for screen readers, print, and spot-checking.

Show quarterly table

Data & method

Source. SEC EDGAR XBRL APIs (companyfacts), FormFactor CIK 0001039399. Data was pulled once and frozen in the repo (data/raw/); this page renders that snapshot and makes no SEC calls at runtime.
GAAP basis. All figures are GAAP as tagged in XBRL filings. FormFactor's press-release headline margins are typically non-GAAP and will not match — e.g. Q1 FY2026 GAAP gross margin here is ~38.4% vs a ~49% non-GAAP headline.
Derived Q4 (‡). Income-statement concepts usually lack a discrete Q4 filing (the 10-K reports the full year), so Q4 = FY − (Q1+Q2+Q3), flagged derived in the data. Derived Q4 diluted EPS is approximate: per-share amounts are not strictly additive when share counts move between quarters.
Divestiture gains. GAAP operating income includes gains on business sales that sit outside operating expenses: +$72.9M in FY2023 Q4 (FRT Metrology sale) and +$20.3M in FY2024 Q1 (China business sale). Those quarters' operating-income spikes are real GAAP results, not margin improvements.
EPS anomalies (①②). Two quarters sit far outside FormFactor's usual ~$0.20–0.30 GAAP diluted EPS; each is a verified one-time item, not a trend (the markers on the EPS chart tie to these notes). ① FY2018 Q4, $1.13 — a one-time income-tax benefit from releasing $75.8M of the deferred-tax valuation allowance (the allowance fell from $109.8M to $34.0M during FY2018); source: FormFactor FY2018 Form 10-K (fiscal year ended Dec 29, 2018), income-tax note. ② FY2022 Q4, −$0.17 — a GAAP operating loss: gross margin fell to 27.2% on larger-than-expected year-end excess & obsolete inventory charges, plus $8.4M of restructuring charges (program announced Oct 2022); source: FormFactor Q4 FY2022 earnings release (Feb 8, 2023) and FY2022 Form 10-K (fiscal year ended Dec 31, 2022). This Q4 is a derived value (‡); the company reported GAAP diluted EPS of −$0.18.
Fiscal calendar. FormFactor uses a 52/53-week fiscal year; each fiscal quarter is mapped to the calendar quarter whose end date is nearest (always within ~6 days). Rule documented in conformance_rules.md.
Governance. XBRL tags per metric: tag_mapping.csv · automated reconciliation: validation_report.md. Restatements keep the latest filed value and are flagged. Missing data is flagged, never filled.

Built from public SEC filings (EDGAR XBRL APIs), as-of …. Independent portfolio project — not affiliated with, endorsed by, or based on any non-public information from any company shown. Not investment advice.