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Formfactor (FORM) guidance and outlook
Formfactor (FORM) gave its guidance on Oct 28, 2026: Revenue $275M–$295M for the quarter ending Dec 26, 2026; Gross margin 50.8%–53.8% for the quarter ending Dec 26, 2026; EPS $0.75–$0.93 for the quarter ending Dec 26, 2026. Formfactor's 10-Q filed Nov 3, 2026 makes 11 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | the quarter ending Dec 26, 2026 | $275M–$295M | new |
| Gross margin | the quarter ending Dec 26, 2026 | 50.8%–53.8% | new |
| EPS | the quarter ending Dec 26, 2026 | $0.75–$0.93 | new |
From the earnings release filed Oct 28, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- While the majority of our anticipated IEEPA refunds have been received, we expect to receive an additional $1.8 million during the fourth quarter of fiscal 2026.
- 2026 Restructuring Plans — In January 2026, we adopted restructuring plans that are intended to better align cost structure and support gross margin improvement to our target financial model, while also aligning manufacturing capabilities with current and anticipated business needs and our strategic priorities.
- We expect production to continue ramping throughout fiscal 2027.
- The facility expands our manufacturing footprint and is expected to support incremental production capacity and a more favorable cost structure overall, once ramped to initial target production levels.
- As a result of this strategic focus and the expected growth of our other end markets, we expect Flash revenues to represent a smaller percentage of our overall revenue mix in future periods.
- We order materials and supplies based on backlog and forecasted customer orders.
- As explained further below in Factory Start-up Costs, we commenced production at our newly purchased manufacturing site in Farmers Branch, Texas late in the third quarter of fiscal 2026, with production expected to continue to ramp to initial target capacity throughout fiscal 2027.
- During the period before the facility reaches its expected or normal utilization level, we expect certain
- These underutilization costs will be expensed as incurred to cost of revenues and are expected to be substantial as we ramp the facility.
- As a result, we expect underutilization costs associated with the Farmers Branch facility to impact gross profit and gross margin during our ramp to initial target capacity.
- However, we cannot be certain that our cash, cash equivalents, and marketable securities on hand, and cash generated from operations, will be available in the future to fund all of our capital and operating requirements.
Formfactor's latest quarter
Formfactor, Q3 2026: revenue $281M (+38% year over year), operating margin 29.1%, net earnings $73.8M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
Questions
Did Formfactor raise or lower its guidance?
Formfactor (FORM) gave its guidance on Oct 28, 2026: Revenue $275M–$295M for the quarter ending Dec 26, 2026; Gross margin 50.8%–53.8% for the quarter ending Dec 26, 2026; EPS $0.75–$0.93 for the quarter ending Dec 26, 2026.
What does Formfactor expect?
While the majority of our anticipated IEEPA refunds have been received, we expect to receive an additional $1.8 million during the fourth quarter of fiscal 2026. 2026 Restructuring Plans — In January 2026, we adopted restructuring plans that are intended to better align cost structure and support gross margin improvement to our target financial model, while also aligning manufacturing capabilities with current and anticipated business needs and our strategic priorities. We expect production to continue ramping throughout fiscal 2027.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.