Filing Flows › Formfactor (FORM) › Q3 2026 › vs Q2 2026
Formfactor (FORM) Q3 2026 vs Q2 2026 (quarter over quarter)
Formfactor's revenue rose $22.3M (+9%) from $258M in Q2 2026 to $281M in Q3 2026. The biggest changes: Foundry & Logic +$12.1M (+10%); Systems +$10.9M (+22%); Flash −$625K (-22%). Gross margin 54.7% against 50.7% (+4.0 pts).
Formfactor, Q3 2026: revenue $281M (+38% year over year), operating margin 29.1%, net earnings $73.8M, operating cash flow $104M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.7% | 50.7% | +4.0 pts |
| Operating margin | 29.1% | 22.4% | +6.7 pts |
| Net margin | 26.3% | 21.8% | +4.5 pts |
| Free cash flow margin | 23.0% | 20.2% | +2.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Foundry & Logic | $134M | $122M | $12.1M | +10% |
| DRAM | $84.9M | $85.0M | −$124K | -0.1% |
| Systems | $59.5M | $48.5M | $10.9M | +22% |
| Flash | $2.2M | $2.9M | −$625K | -22% |
| Revenue | $281M | $258M | $22.3M | +9% |
| Gross profit | $153M | $131M | $22.5M | +17% |
| Cost of revenue | $127M | $127M | −$169K | -0.1% |
| Other income, net | $5.3M | $5.1M | $200K | +4% |
| Operating profit | $81.6M | $57.8M | $23.8M | +41% |
| Operating expenses | $71.8M | $73.1M | −$1.3M | -2% |
| Pre-tax earnings | $86.9M | $62.9M | $24.0M | +38% |
| Research & development | $29.5M | $31.1M | −$1.6M | -5% |
| SG&A | $35.9M | $37.2M | −$1.2M | -3% |
| Other operating costs | $6.4M | $4.9M | $1.5M | +31% |
| Net earnings | $73.8M | $56.2M | $17.6M | +31% |
| Income tax | $13.1M | $6.7M | $6.4M | +95% |
| Depreciation & amortization | $9.3M | $9.9M | −$621K | -6% |
| Share-based compensation | $8.8M | $8.7M | $177K | +2% |
| Working capital & other | $12.3M | −$13.0M | $25.3M | — |
| Operating cash flow | $104M | $61.8M | $42.5M | +69% |
| Free cash flow (OCF − capex) | $64.6M | $52.2M | $12.4M | +24% |
| Capital expenditures | $39.6M | $9.6M | $30.0M | +313% |
Questions
How much did Formfactor's revenue grow quarter over quarter in Q3 2026?
Formfactor's revenue rose $22.3M (+9%) from $258M in Q2 2026 to $281M in Q3 2026.
What drove Formfactor's revenue change in Q3 2026?
Foundry & Logic +$12.1M (+10%); Systems +$10.9M (+22%); Flash −$625K (-22%).