The financials
FormFactor, Inc. by the numbers
FormFactor, Inc. (FORM) reported revenue of $226M in Q1 2026 (quarter ended March 28, 2026), up 32% from the same quarter a year earlier. That came with a gross margin of 38% and net income of $20M (9.0% of revenue). For the full year FY2025, revenue was $785M (+2.8% year on year) and net income $54M. Its largest region in 2026-Q2 was Taiwan at $78M, 37% of the disclosed total, just ahead of South Korea at 35%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $226M | $171M | +32% |
| Gross profit | $87M | $65M | +35% |
| Operating income | $17M | $3.3M | +409% |
| Net income | $20M | $6.4M | +218% |
| Diluted EPS | $0.26 | $0.08 | +225% |
| Geographic | Revenue | Share |
|---|---|---|
| Taiwan | $78M | 37% |
| South Korea | $73M | 35% |
| United States | $26M | 13% |
| China | $8.4M | 4.0% |
| Malaysia | $8.3M | 4.0% |
| Singapore | $5.1M | 2.4% |
| Japan | $3.8M | 1.8% |
| Europe | $3.8M | 1.8% |
| Rest Of The World | $2.2M | 1.1% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $209.7M (+5.8%)
Rest Of The World grew +108% year on yearJapan -47% year on year
Segment Latestquarter on quarteryear on year
- Taiwan$78.4M$78.4MQoQ +15%year on year +67%+15%+67%
- South Korea$73.2M$73.2MQoQ -8.2%year on year +31%-8.2%+31%
- United States$26.5M$26.5MQoQ +21%year on year -19%+21%-19%
- China$8.4M$8.4MQoQ +7.3%year on year +81%+7.3%+81%
- Malaysia$8.3M$8.3MQoQ +127%year on year +62%+127%+62%
- Singapore$5.1M$5.1MQoQ -28%year on year -6.5%-28%-6.5%
- Japan$3.8M$3.8MQoQ -26%year on year -47%-26%-47%
- Europe$3.8M$3.8MQoQ +21%year on year +17%+21%+17%
- Rest Of The World$2.2M$2.2MQoQ +33%year on year +108%+33%+108%
Semiconductor Equipment & Materials
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