FormFactor (FORM) Q1 FY26 earnings call

FormFactor delivered record Q1 FY26 revenue of $226.1 million and achieved significant non-GAAP gross margin expansion to 49%, exceeding its target model on a run rate basis. Growth was fueled by strong demand in HBM and networking, with an accelerating ramp in co-packaged optics. The company is focused on operational efficiencies and the Farmers Branch expansion to support future growth and margin expansion, with a new target model to be unveiled at its upcoming Investor Day.