The market expects FormFactor (FORM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers ...

FormFactor (FORM) closed the last trading session at $44.12, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $61.11 indicates a 38.5% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $8.65. While the lowest estimate of $46 indicates a 4.3% increase from the current price level, the most optimistic analyst expects t ...

Shares of FormFactor (FORM) have gained 1.2% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $61.11 indicates a potential upside of 35.8%. The average comprises nine short-term price targets ranging from a low of $46 to a high of $74, with a standard deviation of $8.65. While the lowest estimate indicates an i ...

Shares of FormFactor Inc (FORM, Financial) surged 3.01% in mid-day trading on Oct 2. The stock reached an intraday high of $45.77, before settling at $45.50, up from its previous close of $44.17. This places FORM 28.49% below its 52-week high of $63.63 and 44.40% above its 52-week low of $31.51. Trading volume was 69,047 shares, 10.7% of the average daily volume of 647,436. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for FormFactor Inc (F ...

Investors might want to bet on FormFactor (FORM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a cha ...

FormFactor (FORM) has been on a downward spiral lately with significant selling pressure. After declining 31.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

FormFactor (FORM) delivered second-quarter 2024 adjusted earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.90%. The company reported earnings of 14 cents per share in the year-ago quarter. Revenues of $197 million beat the Zacks Consensus Estimate by 1.26% and increased 26.7% on a year-overyear basis. The top-line growth can primarily be attributed to robust demand for probe cards. Segments in Detail Probe card revenues were $166.8 million, up 44.7% year over year. Foundry & Logic ( ...

财务数据和关键指标变化 - 第二季度收入为1.975亿美元,超出预期中值2500万美元 [35] - 第二季度非GAAP毛利率为45.3%,超出预期中值0.3个百分点 [35] - 第二季度非GAAP每股收益为0.35美元,高于第一季度的0.18美元 [51] 各条业务线数据和关键指标变化 - 探针卡业务收入为1.67亿美元,较第一季度增长22% [37] - DRAM探针卡收入创历史新高,其中HBM收入几乎翻倍 [39] - 晶圆厂和逻辑探针卡收入增长19.5% [38] - 闪存探针卡收入增长1.1百万美元 [40] 各个市场数据和关键指标变化 - 中国市场收入占比略有增加,但仍在10%左右,远低于部分设备供应商 [110][111] 公司战略和发展方向及行业竞争 - 公司的多元化战略使其在不同需求领域保持竞争力,在行业下行时期也能保持相对稳定的业绩 [12][13] - 公司在先进封装领域如HBM、芯片组等具有领先优势,有望从中获得长期增长机会 [19][24][27] - 公司正在与客户合作开发用于共封装光子学的电光测试系统,未来有望成为新的增长点 [29][30][31] 管理层对经营环境和未来前景的评论 - 第三季度公司整体需求保持稳定,有望继续取得进展 [11] - DRAM市场有望在一到两个季度内恢复增长,HBM需求长期向好 [21][61][62] - 晶圆厂和逻辑市场在第三季度有望保持与第二季度相当的水平 [22][65][66] 其他重要信息 - 公司在第二季度回购了290万美元的股票,剩余5350万美元额度 [54][55] - 第三季度公司预计收入为2亿美元,非GAAP毛利率为43%,非GAAP每股收益为0.31美元 [56][57][58] 问答环节重要的提问和回答 问题1 **Craig Ellis 提问** 询问HBM需求在第三季度的恢复情况 [59] **Michael Slessor 回答** HBM需求在第三季度有一个短暂的消化期,但长期来看仍有望保持增长 [60][61][62][63] 问题2 **Charles Shi 提问** 询问DDR5和HBM探针卡收入的变化情况 [71] **Michael Slessor 回答** DDR5探针卡收入有望在第三季度有所增长,但公司对DRAM市场的持续性恢复还需进一步观察 [73][74][75] 问题3 **Tom Diffely 提问** 询问HBM探针卡收入增长是由于产品设计变化还是出货量增加 [84] **Michael Slessor 回答** HBM探针卡收入增长主要是由于出货量的增加,公司有望从HBM4等新产品设计中获得进一步的增长机会 [85][86][87][88]

财务业绩 - 第二季度收入为1.975亿美元，同比增长26.7%[4] - 第二季度GAAP毛利率为44.0%，非GAAP毛利率为45.3%[7,8] - 第二季度GAAP净利润为1,940万美元，非GAAP净利润为2,730万美元[7,8] - 第三季度预计收入为2亿美元±500万美元，GAAP毛利率为42%±1.5%，非GAAP毛利率为43%±1.5%[10,11] - 第三季度GAAP每股收益预计为0.20美元±0.04美元，非GAAP每股收益预计为0.31美元±0.04美元[11] - 第二季度经营活动产生的现金流为2,190万美元，自由现金流为1,420万美元[9] - 公司第二季度营业收入为1.81亿美元，同比增长21.3%[22] - 非GAAP毛利率为45.3%，较上一季度有所下降[22] - 非GAAP营业费用为6,088万美元，较上一季度有所下降[23] - 非GAAP营业利润为2,854万美元，较上一季度有所增长[26] - 非GAAP净利润为2,732万美元，较上一季度有所增长[28] - 非GAAP每股收益为0.35美元，较上一季度有所增长[29,30] - 经营活动产生的现金流为5,489万美元，较上一季度有所下降[32] - 自由现金流为3,393万美元，较上一季度有所下降[34] - 现金及现金等价物余额为2.04亿美元，较上一季度有所增加[36] - 应收账款余额为1.13亿美元，较上一季度有所增加[36] 业务情况 - DRAM探针卡收入创历史新高，高带宽存储器(HBM)收入连续第三个季度翻倍[5,6] - 公司业务涉及半导体全生命周期的测试和测量技术[15] 非GAAP财务指标 - 公司提供了非GAAP财务指标以补充GAAP财务报表[14] - 公司使用非GAAP财务指标来了解财务和业务趋势，并用于规划和预测未来[39] - 非GAAP财务指标包括非GAAP净收入、非GAAP每股收益、非GAAP毛利、非GAAP毛利率、非GAAP营业费用和非GAAP营业收益[39] - 这些非GAAP指标可以更好地反映公司的经营业绩,便于管理层和董事会评估目标达成情况[39] - 公司还使用自由现金流来评估业务,这可以提供更全面的现金流信息[39] - 公司提供这些非GAAP信息是为了让投资者更好地了解公司的经营情况和估值[39] - 这些非GAAP指标与GAAP指标存在差异,不应被视为GAAP指标的替代品[39] 未来展望 - 受全球经济环境、地缘政治等因素影响,公司未来业务存在不确定性[16]

Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range; Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% compared to $168.7 million in the first quarter of fiscal 2024, and an increase of 26.7% from $155.9 million in the second quarter of fiscal 2023. Pro ...