Jun 2026 (Q2 FY26) — Jul 29, 2026
FormFactor Q2 FY26 — Record Revenue and Profitability Driven by HPC and Advanced Packaging
Read the full callFormFactor earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 258 | +31.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 22.4 | +16.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 56.2 | +518.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $40.25 on 14 Oct 2025 → $113.34. High $159.93 (30 Jun 2026), low $40.25 (14 Oct 2025).
Overview
Call summaries
FormFactor Q2 FY26 — Record Revenue and Profitability Driven by HPC and Advanced Packaging
Read the full callFormFactor Q1 FY26 — Record Revenue & Strong Margin Expansion Driven by HBM and Networking
Read the full callEvery analysed call
Financials
Net profit, year on year: +519% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 208 | 189 | 171 | 196 | 203 | 215 | 226 | 258 |
| Operating profit | 18 | 8 | 3 | 12 | 18 | 23 | 17 | 58 |
| Operating margin | 8.6% | 4.1% | 1.9% | 6.3% | 8.9% | 10.9% | 7.4% | 22.4% |
| Interest | — | — | 0 | — | — | — | — | — |
| Profit before tax | 21 | 12 | 7 | 15 | 20 | 27 | 19 | 61 |
| Tax rate | 10.6% | 18.7% | 14.4% | 15.9% | 29.1% | 13.6% | 2.1% | 11.1% |
| Net profit | 19 | 10 | 6 | 9 | 16 | 23 | 20 | 56 |
| EPS ($ per share) | 0.24 | — | 0.08 | 0.12 | 0.20 | — | 0.26 | 0.72 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -284 | -244 | -166 | -82 | -31 | 51 | 121 | 175 |
| Total liabilities | 148 | 199 | 219 | 205 | 200 | 198 | 198 | 189 |
| Fixed assets | 54 | 59 | 104 | 147 | 190 | 204 | 210 | 259 |
| Investments | — | 76 | 68 | 125 | 129 | 151 | 169 | 172 |
| Total assets | 728 | 840 | 963 | 1,021 | 1,008 | 1,107 | 1,146 | 1,224 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 69 | 121 | 169 | 139 | 132 | 65 | 118 | 115 |
| Cash from investing | -21 | -66 | -99 | -125 | -76 | 29 | -33 | -191 |
| Cash from financing | -39 | -7 | -31 | -47 | -96 | -23 | -65 | -14 |
| Net cash flow | 8 | 47 | 43 | -36 | -42 | 68 | 16 | -90 |
| Capital expenditure | -20 | -21 | -56 | -66 | -65 | -56 | -38 | -104 |
| Free cash flow | 49 | 100 | 113 | 73 | 67 | 9 | 79 | 12 |
Systems grew from 17% to 19% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Probe Cards | 83% | 79% | 80% | 83% | 82% | 80% | 88% | 81% | +29.4% |
| Systems | 17% | 21% | 20% | 17% | 18% | 20% | 12% | 19% | +44.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q2 FY2026 · share of revenue
As FORM cuts its regions in its filings; they can nest, so they need not add to 100%.
125 filings between Nov 3, 2025 and Oct 14, 2026.
Purchases
None
No insider bought shares.
Sales
$23.44M
75 sales by 9 insiders
73% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SLESSOR MIKE | — | $16.18M | Oct 14, 2026 |
| Rhodes Sheri | — | $1.50M | Jun 2, 2026 |
| St Dennis Thomas | — | $1.34M | Jun 15, 2026 |
| STEVEN-WAISS KELLEY | — | $1.24M | Sep 3, 2026 |
| WHITE BRIAN C | — | $1.14M | May 20, 2026 |
| Obregon-Jimenez Rebeca | — | $749.6K | May 21, 2026 |
| Titinger Jorge | — | $694.0K | May 13, 2026 |
| McKinnis Aric Brendan | — | $313.0K | Mar 5, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 2,195 | $272.7K |
| Oct 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,200 | $151.1K |
| Oct 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 7,703 | $965.6K |
| Sep 16, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,000 | $105.8K |
| Sep 16, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 7,773 | $817.1K |
| Sep 16, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 8,737 | $910.9K |
| Sep 3, 2026 | STEVEN-WAISS KELLEY Director | Sale | 2,100 | $201.8K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 3,282 | $428.4K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 2,482 | $319.5K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 686 | $91.5K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 5,535 | $733.4K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 2,892 | $374.7K |
| Aug 14, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,125 | $148.1K |
| Aug 7, 2026 | SLESSOR MIKE CEO | Tax withheld | 3,288 | $386.0K |
| Aug 7, 2026 | SLESSOR MIKE CEO | Tax withheld | 78,908 | $9.26M |
| Aug 7, 2026 | SLESSOR MIKE CEO | Option exercise | 5,908 | $0 |
| Aug 7, 2026 | SLESSOR MIKE CEO | Option exercise | 141,792 | $0 |
| Aug 6, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Tax withheld | 274 | $31.6K |
| Aug 6, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Option exercise | 1,099 | $0 |
| Aug 6, 2026 | SLESSOR MIKE CEO | Tax withheld | 3,357 | $386.8K |
| Aug 6, 2026 | SLESSOR MIKE CEO | Option exercise | 6,031 | $0 |
| Aug 5, 2026 | SLESSOR MIKE CEO | Option exercise | 3,644 | $0 |
| Aug 5, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Tax withheld | 130 | $14.9K |
| Aug 5, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Option exercise | 521 | $0 |
| Aug 5, 2026 | SLESSOR MIKE CEO | Tax withheld | 2,028 | $232.1K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 868 | $105.3K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 706 | $83.5K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,650 | $193.7K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,041 | $121.3K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 300 | $36.2K |
| Jul 15, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 170 | $20.2K |
| Jun 16, 2026 | St Dennis Thomas Director | Gift | 740 | $0 |
| Jun 15, 2026 | St Dennis Thomas Director | Sale | 2,800 | $424.2K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 4,220 | $513.7K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 975 | $118.0K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 400 | $47.8K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 767 | $91.3K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,399 | $164.7K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 1,629 | $201.0K |
| Jun 10, 2026 | SLESSOR MIKE CEO | Sale 10b5-1 plan | 2,500 | $306.6K |
| Jun 2, 2026 | Rhodes Sheri Director | Sale | 6,328 | $793.5K |
| Jun 2, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Tax withheld | 193 | $24.1K |
| Jun 2, 2026 | McKinnis Aric Brendan CFO, SVP Global Finance | Option exercise | 773 | $0 |
| May 21, 2026 | Obregon-Jimenez Rebeca Director | Sale | 3,828 | $484.1K |
| May 20, 2026 | WHITE BRIAN C Director | Sale | 3,250 | $409.5K |
| May 19, 2026 | St Dennis Thomas Director | Sale | 1,000 | $115.8K |
| May 15, 2026 | Obregon-Jimenez Rebeca Director | Award | 1,347 | $0 |
| May 15, 2026 | STEVEN-WAISS KELLEY Director | Award | 1,347 | $0 |
| May 15, 2026 | St Dennis Thomas Director | Award | 1,347 | $0 |
| May 15, 2026 | Titinger Jorge Director | Award | 1,347 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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