FormFactor's second quarter revenue hits a record $258.2M, up 32% YoY, with significant margin expansion.

FormFactor reported record second quarter 2026 financial results, with revenue of $258.2 million and non-GAAP EPS of $0.82, exceeding analyst expectations. The company saw strong performance across its business, driven by demand in DRAM and Foundry & Logic segments, and provided an outlook for continued growth in the third quarter.

Key Highlights

• Record quarterly revenue of $258.2 million grew 31.9% year-over-year and 14.2% sequentially, surpassing estimates.
• Non-GAAP gross margin expanded significantly to 53.3%, a notable increase from 38.5% in the same quarter last year and exceeding expectations of 49.5%.
• The company provided a strong outlook for the third quarter, with revenue expected to be approximately $270 million and non-GAAP EPS of $0.86 at the mid-point.