FormFactor, Inc. (FORM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and welcome everyone to FormFactor's second quarter 2026 earnings conference call. On today's call are Chief Executive Officer Mike Slessor and Chief Financial Officer Eric McInnes. Before we begin, Stan Finkelstein, the company's VP of Investor Relations, will remind you of some important information. Thank you. Today the company will be discussing GetPNL results. and some important non-GAAP results intended to supplement your understanding of the company's financials. 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, including the ramp up of manufacturing facilities, anticipated industry trends, potential disruptions in our supply chain, the impacts of regulatory changes, including tariffs and changes in export controls, the anticipated volatility in demand for Thank you very much. Thanks for joining us today. FormFactor's second quarter revenue, gross profit, and earnings per share set all-time records, and we achieved two important milestones on the path to the new target model we introduced in May. First, we surpassed a billion-dollar annual revenue run rate, and second, we exceeded 50% gross margin. In the current third quarter, we expect to deliver sequential increases in both revenue and profitability as we extend our run of record results. Over the past four quarters, we've grown re...