Formfactor Inc is a leading provider of advanced semiconductor testing solutions, specializing in the design and manufacture of high-precision probing and measurement technologies
The company develops an extensive range of products that facilitate the efficient testing and characterization of integrated circuits and semiconductor devices, ensuring their performance and reliability. With a strong focus on innovation, Formfactor serves a diverse customer base, including major semiconductor manufacturers, by enhancing the productivity and accuracy of their testing processes. Additionally, the company plays a critical role in advancing the overall semiconductor industry through its commitment to quality and technological advancement.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the semiconductor manufacturing stocks, including Photronics (NASDAQPLAB) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the semiconductor manufacturing industry, including FormFactor (NASDAQFORM) and its peers.
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What a brutal six months it’s been for FormFactor. The stock has dropped 22.8% and now trades at $44.50, rattling many shareholders. This may have investors wondering how to approach the situation.
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Semiconductor testing company FormFactor (NASDAQFORM) announced better-than-expected revenue in Q3 CY2024, with sales up 21.2% year on year to $207.9 million. On the other hand, next quarter’s revenue guidance of $190 million was less impressive, coming in 4.8% below analysts’ estimates. Its non-GAAP profit of $0.35 per share was also 11.7% above analysts’ consensus estimates.
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