FormFactor posts FY 2025 net income of USD 54.4 million, down 21.8%

Reuters02-21 05:09
<a href="https://laohu8.com/S/FORM">FormFactor</a> posts FY 2025 net income of USD 54.4 million, down 21.8%

FormFactor posted record FY 2025 revenue of USD 784.99 million, with net income of USD 54.4 million. Gross margin was 39.3% in FY 2025, compared with 40.3% in FY 2024, with the company citing higher manufacturing costs including a 1.4% gross margin impact from tariffs, partly offset by favorable product mix and factory utilization; it also noted gross-margin improvement in Q3 and Q4 versus the first half of FY 2025. Operating cash flow was USD 115.4 million in FY 2025, while cash, cash equivalents and marketable securities totaled about USD 275.2 million at year-end. By segment, FY 2025 revenue was USD 637.9 million for Probe Cards and USD 147.1 million for Systems. DRAM revenue rose 8.8% to USD 247.4 million, driven by demand for HBM designs used in generative AI applications, while Foundry & Logic revenue fell 3% to USD 369.9 million on weaker demand tied to client PC and server microprocessor designs. Geographic revenue included South Korea at USD 237.72 million and Taiwan at USD 202.74 million; China revenue declined, which FormFactor attributed to trade restrictions affecting demand. On corporate updates, FormFactor said it acquired Keystone Photonics in December 2025 to expand in silicon photonics and co-packaged optics testing, and bought a manufacturing site in Farmers Branch, Texas in June 2025 that is expected to begin ramping production in late FY 2026; FY 2025 factory start-up costs related to the site were USD 3.03 million, with FY 2026 start-up costs expected at USD 20 million to USD 25 million. The company also acquired a 20% equity interest in Japan-based FICT Limited in February 2025 and, in January 2026, adopted restructuring plans to consolidate its Carlsbad and Baldwin Park, California manufacturing facilities to other sites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FormFactor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001039399-26-000009), on February 20, 2026, and is solely responsible for the information contained therein.

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