Filing Flows › Formfactor (FORM) › Q2 2026
Formfactor (FORM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Formfactor (FORM) reported revenue of $258M for the second quarter 2026 (Q2 2026), +32% from a year earlier and +14% from the quarter before. Operating margin was 22.4%, net earnings $56.2M (21.8% of revenue).
Formfactor, Q2 2026: revenue $258M (+32% year over year), operating margin 22.4%, net earnings $56.2M, operating cash flow $61.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | +14% | +32% |
| Gross profit | $131M | +51% | +79% |
| Operating profit | $57.8M | +247% | +370% |
| Net earnings | $56.2M | +176% | +519% |
| Operating cash flow | $61.8M | +37% | +227% |
| Free cash flow | $52.2M | +75% | — |
What changed
Revenue was $258.2M in Q2 2026, up 32% year over year and up 14% from the previous quarter. Foundry & Logic was the largest line at 47% of revenue. DRAM added $27.9M year over year (up 49%), 45% of the total change. Flash declined 48%.
Gross margin was 50.7%, up 13.4 points from Q2 2025. Operating profit was $57.8M, a 22.4% margin (up 16.1 points year over year). Of the extra revenue versus Q2 2025, 73% reached operating profit, above the 6% margin then. Operating expenses grew 21% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+1261%). Net earnings were $56.2M, up 519% year over year. The effective tax rate was 10.7%.
Operating cash flow was $61.8M (up 227% year over year), 110% of net earnings. Non-cash charges added back $9.9M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $9.6M left free cash flow of $52.2M.
Questions
What was Formfactor's revenue in the second quarter 2026?
Formfactor (FORM) reported revenue of $258M for the second quarter 2026 (Q2 2026), +32% from a year earlier and +14% from the quarter before.
Was Formfactor profitable in the second quarter 2026?
Operating profit was $57.8M (22.4% of revenue) and net earnings $56.2M.
Source: Formfactor 10-Q on SEC EDGAR.