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Formfactor inc   (FORM)
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    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $42.6400 $-0.61 -1.410%
Day's High: $43.29 Week Perf: -3.33 %
Day's Low: $ 42.40 30 Day Perf: 0.24 %
Volume (M): 1,034 52 Wk High: $ 46.83
Volume (M$): $ 44,081 52 Wk Avg: $34.89
Open: $42.82 52 Wk Low: $24.88



 Market Capitalization (Millions $) 3,346
 Shares Outstanding (Millions) 78
 Employees 1,685
 Revenues (TTM) (Millions $) 663
 Net Income (TTM) (Millions $) 82
 Cash Flow (TTM) (Millions $) 68
 Capital Exp. (TTM) (Millions $) 56

Formfactor Inc

FormFactor, Inc., headquartered in Livermore, California, is a leading provider of test and measurement technologies. We provide a broad range of high-performance probe cards, analytical probes, probe stations and thermal sub-systems to both semiconductor companies and scientific institutions. Our products provide electrical information from a variety of semiconductor and electro-optical devices and integrated circuits (devices) from development through production. Customers use our products and services to lower production costs, improve yields, and enable development of complex next generation devices.

FormFactor, Inc. was incorporated in 1993, and we introduced our first product in 1995. In June 2016, we acquired Cascade Microtech Inc. ("Cascade Microtech"), a leading manufacturer of advanced wafer probe cards, probe stations, and thermal sub-systems. The acquisition of Cascade Microtech transformed our business into a broader electrical test and measurement market leader with greater scale, diversification and market opportunities.

As of December 30, 2017, we operate in two reportable segments consisting of the Probe Cards Segment and the Systems Segment. Sales of our probe cards and analytical probes are included in the Probe Cards Segment, while sales of our probe stations and thermal sub-systems are included in the Systems Segment.

We design, manufacture and sell multiple product lines, including probe cards, analytical probes, probe stations, thermal sub-systems, and related services.

Probe cards. Our probe cards utilize a variety of technologies and product architectures, including micro-electromechanical systems (MEMS) technologies. We use advanced design and automation technologies to enable our rapid and cost-effective manufacturing of resilient multi-material composite spring-like electrically-conductive contact elements with characteristic length scales of a few microns. These contact elements are designed to provide a specific range of forces on, and across, a chip’s bond pad, solder bump, or copper pillar during the test process and maintain their shape and position over a range of compression levels. In addition, while maintaining these mechanical characteristics, the contact elements must achieve reliable and high-fidelity electrical contact through wafer surfaces that are generally oxidized or otherwise contaminated, and must maintain these attributes over hundreds of thousands, and even millions, of compression cycles. Our range of capabilities enable us to rapidly produce customer-design specific probe cards that deliver leading precision, reliability, and electro-mechanical performance.

Our probe cards are customized for our customers’ unique wafer and chip designs by modifying and adapting our standard product architectures to meet an individual customer’s design layout and electrical test requirements. We offer probe cards to test a variety of semiconductor device types, including “system on a chip” products, mobile application processors, microprocessors, microcontrollers, graphic processors, radio frequency, analog, mixed signal, image sensors, electro-optical, DRAM, NAND flash memory and NOR flash memory devices.

For many advanced applications, our products must maintain tens of thousands of simultaneous high-fidelity low-impedance electrical contacts with the corresponding chip contacts on the wafer. Our present technologies enable probe cards with over 100,000 contact elements with spacings as small as 40 microns over geometries as large as 300mm. In addition, for high signal-fidelity devices such as wireless radio frequency transceivers and automotive radar chips, our probe card technologies are capable of testing at millimeter-wave frequencies range, currently up to 81 GHz.

We have invested, and intend to continue to invest, considerable resources in proprietary probe card design tools and processes. These tools and processes are intended to enable the rapid and accurate customization of products required to meet customer requirements, including automated routing and trace length adjustment within our probe cards, to rapidly design complex structures.

In addition, some of our customers test certain chips over a large range of operating temperatures. We design probe cards to provide for a precise match with the thermal expansion characteristics of the wafer under test across the range of test operating temperatures. For many of our products, our customers can use the same probe card for both low and high temperature testing. We also design probe cards for customers that require extreme positional accuracy at a specific temperature.

Through on-going investments in both our technology and operations, we continue to innovate and improve so that our products will meet customers’ future technical roadmap performance, quality, and commercial requirements. We also focus upon leveraging these ongoing investments across all advanced probe card markets to realize synergies and economies of scale to benefit our competitiveness, time-to-market and overall profitability.

Analytical Probes. We offer over 50 different analytical probe models for engineering and production testing. Analytical probes are used for a diverse set of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging. Our customers for analytical probes include universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. We continue to add new models of analytical probes that address measurements with higher complexities and at higher frequencies up to 1 THz.

Probe Stations. Probing systems are required in the development of new generations of semiconductor processes and designs. Probe stations are highly configurable for the required measurements, the size and type of wafer under test, the characteristics of the device design to be tested, and the temperatures at which testing is to be performed. Process development and design complexities have continually increased with each new generation of semiconductor technology to accommodate smaller design geometries, new materials and more layers. Probing systems are a fundamental tool for characterizing and verifying electrical performance and reliability to enable new semiconductor technologies. We design our probing systems for semiconductor design engineers to capture and analyze more accurate data in a shorter amount of time.

We build upon our probe stations to create integrated measurement systems that provide complete solutions for our customers’ complex measurement requirements. These systems include test instrumentation, probe, cabling configurations, and software to enable fast, accurate, on-wafer data collection for complex application and measurement needs. We offer pre-configured and customized measurement systems for production testing, power device characterization, vacuum probing, cryogenic probing, high-pressure probing, and a variety of other specific applications.

Thermal Subsystems. Our thermal subsystems produce thermal chucks and other test systems used in probe stations. Thermal chuck systems enable the testing of devices at precise temperatures or across a range of temperatures.

Services and Support. In addition to routine installation services at the time of sale, we offer services to enable our customers to maintain and more effectively utilize our products and to enhance our customer relationships. In addition to traditional maintenance services, our applications engineers assist our customers in test methodologies to make advanced measurements during process and product development, and during mass production.



   Company Address: 7005 Southfront Road Livermore 94551 CA
   Company Phone Number: 290-4000   Stock Exchange / Ticker: NASDAQ FORM
   


Customers Net Income grew by FORM's Customers Net Profit Margin grew to

17.42 %

18.6 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Partnership

FormFactor Successfully Closes Divestiture of China Operations, Strengthening Long-Term Partnership

Published Mon, Feb 26 2024 9:01 PM UTC

FormFactor, Inc. announced the successful completion of its sale of FormFactors Suzhou and Shanghai companies to Grand Junction Semiconductor Pte. Ltd. (GJS) for $25 million in cash. This divestiture marks a significant step in the strategic partnership between the two companies, which was initially announced on February 7th, 2024. The partnership also includes an exclusive ...

Formfactor Inc

Surging Earnings and Efficiency Drive Success at Formfactor Inc: Fourth Quarter Financial Results 2023

Formfactor Inc, a leading semiconductor company, recently announced its financial results for the fourth quarter of 2023, ending December 30. The company reported positive earnings of $0.95 per share, a significant improvement from the previous year. This marked a 1478.61% increase in earnings per share from the previous financial reporting period. Additionally, Formfactor Inc saw a slight increase in revenue, reaching $168.56 million, compared to $165.99 million in the same period last year.
One of the key highlights of Formfactor Inc's financial performance was the improvement in profit margins. The company reported a net margin of 45% and an operating margin of 48.21% for the fourth quarter of 2023. This indicates that the company is effectively managing costs and driving efficiency in its operations.
Formfactor Inc also noted an increase in stockpiles, which is common in the semiconductor industry due to its seasonal nature. Despite this increase, the company's stockpiles remain below the previous year's level, highlighting strong demand for its products. Additionally, accounts receivable also increased, signaling growing demand for Formfactor Inc's offerings.

Formfactor Inc

Formfactor Inc Defies Adversity, Achieving Resilience and Growth Amidst Challenges

Formfactor Inc, a renowned semiconductor testing company, recently released its financial results for the July to September 30, 2023 period. Despite facing certain challenges, the company's performance demonstrated resilience and growth in various aspects.
During this financial interval, Formfactor's earnings per share (EPS) remained unchanged at $0.06 per share compared to the same period last year. However, its income per share showed significant improvement, increasing by 500% to $0.01 per share from the previous reporting period.

Formfactor Inc

Formfactor Inc Faces Alarming -23.846% Revenue Plunge, Hits Rock Bottom with Deteriorating Earnings and Stock Performance

Formfactor Inc Faces Revenue Demise, Deteriorating Earnings, and Declining Stock Performance
Formfactor Inc, a leading provider of essential test and measurement technologies, has experienced a significant decline in revenue and earnings for the fiscal time-frame ending July 01, 2023. The company recorded revenue of $155.28 million, reflecting a decrease of 23.846% compared to $203.91 million from the previous year. Additionally, earnings per share (EPS) dropped to $0.01 per share, down from $0.38 in the preceding year.
It is worth noting that the company also witnessed a decrease in revenue and profitability during the first quarter of the fiscal year. Compared to the previous quarter, revenue deteriorated by 7.265% from $167.45 million, while profit plummeted by 50% from $0.02 per share.

Formfactor Inc

Formfactor Inc's Income Plummets by -94.74% during February to April 01, 2023, Despite Progression in ROI Ranking

Formfactor Inc, a technology company, recently reported its financial results for the first quarter of 2023. The company achieved a return on average invested assets (ROI) of 2.54%, which is below the company's average ROI of 4.62%. This represents a decline in ROI compared to the fourth quarter of 2022, despite net income growth. Additionally, within the Technology sector, 142 companies had a higher ROI than Formfactor Inc.
Despite a decline in ROI, the company's overall ranking in terms of ROI has progressed from 1154 in the fourth quarter of 2022 to 1153 in the April 01, 2023 quarter. Looking at the company's profitability during the February to April 01, 2023 time-frame, Formfactor Inc's earnings fell sharply by -94.74% per share, from $0.38 to $0.02, while its net profit per share turned positive from $-0.18 per share in the prior reporting season.
Furthermore, the company's revenue decreased by -15.076% from $197.17 million to $167.45 million in the corresponding reporting season a year before. However, sequentially revenue surged by 0.88% from $165.99 million. The company's earnings of $1.342 million during this time frame also fell by -95.51% from $29.872 million in the corresponding period a year before.






 

Formfactor Inc's Segments
 
 
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