FormFactor targets $270 million in third-quarter 2026 revenue
Key Facts
FormFactor set a revenue target of $270 million, plus or minus $10 million, for the third quarter of its 2026 fiscal year, ended September 26, and forecast non-GAAP diluted earnings per share of $0.86, plus or minus $0.09. The guidance was included in the company’s second-quarter results filing with the U.S. Securities and Exchange Commission. The company was scheduled to report third-quarter results on October 28, 2026, at 1:25 p.m. Pacific time, with a live webcast of its results call. The guidance provides a benchmark for assessing the quarter when results are released, but the evidence available here does not establish the actual third-quarter figures or confirm that they exceeded expectations. In the lead-up to the announcement, FORM shares closed at $106.85 on October 27, according to EL7 data.
In the second quarter of fiscal 2026, the company posted revenue of $258.2 million, up 14.2% from $226.1 million in the first quarter. Revenue also rose 31.9% from $195.8 million in the second quarter of fiscal 2025. These comparisons establish the second-quarter base for the company’s guidance for the following quarter and show revenue growth across both sequential and annual comparisons. The figures are from FormFactor’s filing with the U.S. Securities and Exchange Commission.
FormFactor reported second-quarter non-GAAP net income of $65.0 million, or $0.82 per fully diluted share. The company compared this with net income of $44.5 million and earnings per share of $0.56 in the first quarter of fiscal 2026. In the second quarter of fiscal 2025, net income was $21.2 million and earnings per share were $0.27. The figures show adjusted profitability rising across the three periods cited in the filing, while second-quarter earnings provide the direct comparison with third-quarter guidance of $0.86 per share.
CEO Mike Slessor attributed the continued positive outlook to demand across end markets, saying the company sees “strong demand across our end markets, with particular strength in our Foundry & Logic business and continued momentum in our Systems business.” He added that these conditions put the company, in his words, “in a position to deliver another record revenue and profitability quarter.” The assessment appeared in the second-quarter statement alongside the third-quarter revenue and earnings-per-share guidance. Slessor’s comments identify the areas of strength cited by the company, without adding separate figures to the published forecast.