FormFactor, Inc. (FORM) income statement
NASDAQ · Technology · Semiconductors · 2,153 employees · CEO Michael D. Slessor
- Price
- $87.53 -10.19%
- Market cap
- $6.84B
- Enterprise value
- $6.73B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-03 EPS est. $0.94
FormFactor, Inc. (FORM) reported revenue of $281M for Q3 '26 (+38.4% year on year), operating income of $81.6M (29.1% of revenue) and net income of $73.8M. Over the last four quarters revenue was $980M.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168M | $169M | $197M | $208M | $189M | $171M | $196M | $203M | $215M | $226M | $258M | $281M | |
| Cost of revenue | $100M | $106M | $111M | $123M | $116M | $105M | $123M | $122M | $123M | $118M | $127M | $127M | |
| Gross profit | $67.9M | $62.7M | $86.9M | $84.7M | $73.6M | $66M | $72.7M | $80.4M | $92.1M | $108M | $131M | $153M | |
| Research & development | $28.2M | $28.6M | $31.6M | $31.2M | $30.5M | $27.8M | $28.8M | $28.7M | $30.4M | $30.8M | $31.1M | $29.5M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35.9M | |
| Other operating expenses | -$77.7M | -$20.3M | -$310K | $0 | $0 | $1.67M | $0 | $0 | $1 | $0 | $4.86M | $6.38M | |
| Operating expenses | -$13.3M | $41.4M | $69.1M | $66.9M | $65.7M | $60.1M | $60.4M | $61.5M | $63.9M | $61.2M | $73.1M | $71.8M | |
| Operating income | $81.3M | $21.3M | $17.8M | $17.9M | $7.85M | $5.95M | $12.3M | $19M | $28.2M | $47.1M | $57.8M | $81.6M | |
| Interest income | $2.38M | $3.16M | $3.42M | $3.77M | $3.89M | $3.42M | $2.73M | $2.13M | $2.36M | $2.17M | $2.68M | $3.34M | |
| Interest expense | $0 | $0 | $0 | $120K | $418K | $99K | $92K | $150K | $180K | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$5.75M | $20.3M | $310K | -$3.09M | -$35.6M | -$1.63M | $756K | -$2.77M | $1.2M | $26.4M | -$2.9M | -$3.19M | |
| Total non-operating income | $830K | $3.68M | $3.78M | $3.09M | $4.09M | $1.53M | -$848K | $2.62M | -$1.38M | -$26.4M | $2.9M | $3.19M | |
| Income before tax | $82.1M | $25M | $21.5M | $20.9M | $11.9M | $7.48M | $11.5M | $21.6M | $26.8M | $20.8M | $60.7M | $84.8M | |
| Income tax | $6.25M | $3.2M | $2.16M | $2.21M | $2.23M | $1.08M | $2.37M | $5.94M | $3.62M | $396K | $6.73M | $13.1M | |
| Net income | $75.8M | $21.8M | $19.4M | $18.7M | $9.71M | $6.4M | $9.09M | $15.7M | $23.2M | $20.4M | $56.2M | $73.8M | |
| EPS (basic) | $0.98 | $0.28 | $0.25 | $0.24 | $0.13 | $0.08 | $0.12 | $0.20 | $0.30 | $0.26 | $0.72 | $0.94 | |
| EPS (diluted) | $0.97 | $0.28 | $0.25 | $0.24 | $0.12 | $0.08 | $0.12 | $0.20 | $0.29 | $0.26 | $0.70 | $0.93 | |
| Shares (basic, weighted) | 77.7M | 77.5M | 77.2M | 77.4M | 77.3M | 77.3M | 77.1M | 77.4M | 77.6M | 77.8M | 77.9M | 78.3M | |
| Shares (diluted, weighted) | 78.4M | 78.5M | 78.7M | 78.4M | 78M | 77.9M | 77.5M | 77.7M | 78.9M | 79.4M | 79.5M | 79.4M | |
| Depreciation & amortization | $2.97M | $7.83M | $8.01M | $8.27M | $8.79M | $8.83M | $9.9M | $9.77M | $9.43M | $9.17M | $7.41M | $8.5M | |
| EBITDA | $90M | $8.87M | $25.5M | $29.2M | $52.3M | $16.4M | $21.5M | $31.5M | $36.4M | $30M | $68.1M | $93.3M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $384M | $548M | $530M | $589M | $694M | $770M | $748M | $663M | $764M | $785M | |
| Cost of revenue | $281M | $333M | $319M | $352M | $406M | $447M | $452M | $405M | $456M | $478M | |
| Gross profit | $103M | $216M | $210M | $237M | $288M | $323M | $296M | $259M | $308M | $307M | |
| Research & development | $57.5M | $73.8M | $75M | $81.5M | $89M | $101M | $109M | $116M | $122M | $116M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.1M | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121M | $0 | |
| Other operating expenses | $19.7M | $0 | $0 | $0 | $0 | $0 | $0 | -$73M | -$20.6M | $0 | |
| Operating expenses | $151M | $169M | $174M | $188M | $204M | $225M | $241M | $176M | $243M | $243M | |
| Operating income | -$47.9M | $46.3M | $36.1M | $49.7M | $83.8M | $98M | $54.9M | $82.8M | $64.8M | $64.2M | |
| Interest income | $327K | $548K | $1.36M | $2.71M | $1.5M | $569K | $2.22M | $7.22M | $14.1M | $10.6M | |
| Interest expense | $2.39M | $4.49M | $3.31M | $1.92M | $864K | $602K | $579K | $421K | $418K | $521K | |
| Other non-operating income (gains on investments, FX ...) | -$103K | -$396K | -$1.13M | -$3.32M | -$2.25M | -$1.06M | -$3.54M | -$6.93M | -$15.1M | -$3.67M | |
| Total non-operating income | -$2.29M | -$4.1M | -$2.18M | $1.4M | $1.39M | $462K | $2.96M | $6.51M | $14.6M | $3.15M | |
| Income before tax | -$50.2M | $42.2M | $33.9M | $51.1M | $85.2M | $98.5M | $57.9M | $89.3M | $79.4M | $67.4M | |
| Income tax | -$43.6M | $1.29M | -$70.1M | $11.7M | $6.65M | $14.6M | $7.13M | $6.88M | $9.8M | $13M | |
| Net income | -$6.56M | $40.9M | $104M | $39.3M | $78.5M | $83.9M | $50.7M | $82.4M | $69.6M | $54.4M | |
| EPS (basic) | -$0.10 | $0.57 | $1.42 | $0.52 | $1.02 | $1.08 | $0.65 | $1.06 | $0.90 | $0.70 | |
| EPS (diluted) | -$0.10 | $0.55 | $1.38 | $0.51 | $0.99 | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 | |
| Shares (basic, weighted) | 64.9M | 72.3M | 73.5M | 75M | 76.7M | 77.8M | 77.6M | 77.4M | 77.3M | 77.3M | |
| Shares (diluted, weighted) | 64.9M | 74.2M | 75.2M | 77.3M | 79M | 79.1M | 78.2M | 78.2M | 78.4M | 78.3M | |
| Depreciation & amortization | $46.8M | $44.6M | $43.7M | $44.9M | $48.7M | $44.5M | $38M | $37.5M | $32.9M | $46.9M | |
| EBITDA | -$1.01M | $91.3M | $80.9M | $97.8M | $135M | $144M | $96.5M | $127M | $113M | $115M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-27, 10-Q 2026-03-28, 10-K 2025-12-27, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-28, 10-Q 2024-09-28, 10-Q 2024-06-29
Data as of 2026-11-02