FormFactor, Inc. (FORM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Reconciliations of GAAP to non-GAAP measures and other financial information are available in the press release issued today by the company and on the investor relations section of our website. Today's discussion contains forward-looking statements within the meaning of the federal securities laws. Examples of such forward-looking statements include those with respect to the projections of financial and business performance future macroeconomic and geopolitical conditions, the benefits of acquisitions and investments, anticipated industry trends, potential disruptions in our supply chain, the impacts of regulatory changes, including tariffs and changes in export controls, the recent U.S.-China trade restrictions, the anticipated demand for products, our ability to develop, produce, and sell products, and the assumptions upon which such statements are based. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed during this call. Information on risk factors and uncertainties is contained in our most recent filing on Form 10-K of the SEC for the fiscal year ended December 28, 2024, and in our other SEC filings, which are available on the SEC's website at www.sec.gov, and in our press release issued today. Four recruiting statements are made as of today, April 30th, 2025, and we assume no obligation to update them. With that, we will now turn the call over to Forum Factor CEO, Mike Schleser. Thanks, everyone, for joining us. As expected, FormFactor reported sequentially lower first quarter revenue and profitability due to anticipated reductions in demand for both DRAM probe cards and systems. In the current second quarter, we expect to deliver double-digit sequential revenue gro...