FormFactor Reports Record Q3 2026 Revenue Driven by High-Performance Compute Demand
FormFactor (FORM) delivered a strong third quarter, reporting record revenue of $280.5 million, a 38.4% increase year-over-year. Growth was primarily fueled by surging demand in the Probe Card and Systems segments, particularly within data center CPUs and photonics systems. The company's non-GAAP gross margin rose to 56.5%, benefiting from improved manufacturing yields and nonrecurring tariff refunds. The company is aggressively expanding its capacity through a new facility in Farmers Branch, which is expected to reach an annual revenue capability of $400 million by the end of 2027. While current production is operating near maximum limits, management provided optimistic Q4 guidance with revenue expected around $285 million. FormFactor also highlighted a strategic $300 million investment from Teradyne to accelerate high-volume production for high-performance compute applications.
Topics: Capital Expenditures Financial Guidance Gross Margin Revenue Growth Segment Performance