FormFactor, Inc. Q3 2025 Financial Results

FormFactor, Inc. (Nasdaq: FORM) reported its financial results for the third quarter of fiscal 2025, ending September 27, 2025. The company announced quarterly revenues of $202.7 million, a 3.5% increase from the previous quarter but a 2.5% decrease compared to the same period in 2024. Net income on a GAAP basis was $15.7 million, or $0.20 per diluted share, compared to $9.1 million, or $0.12 per diluted share, in the previous quarter. Gross margin improved to 39.8%, up from 37.3% in the previous quarter. The company highlighted growth in DRAM probe cards and the Systems Segment, with expectations of further improvements in the fourth quarter. FormFactor also provided an outlook for the fourth quarter, anticipating revenues of $210 million +/- $5 million and a gross margin of 40.0% +/- 1.5%.