Filing Flows › Formfactor (FORM) › Q3 2026 › vs Q3 2025
Formfactor (FORM) Q3 2026 vs Q3 2025 (year over year)
Formfactor's revenue rose $77.9M (+38%) from $203M in Q3 2025 to $281M in Q3 2026. The biggest changes: Foundry & Logic +$41.1M (+44%); Systems +$23.2M (+64%); DRAM +$16.7M (+24%). Gross margin 54.7% against 39.8% (+14.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 54.7% | 39.8% | +14.9 pts |
| Operating margin | 29.1% | 8.9% | +20.2 pts |
| Net margin | 26.3% | 7.7% | +18.6 pts |
| Free cash flow margin | 23.0% | 9.6% | +13.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Foundry & Logic | $134M | $92.9M | $41.1M | +44% |
| DRAM | $84.9M | $68.2M | $16.7M | +24% |
| Systems | $59.5M | $36.3M | $23.2M | +64% |
| Flash | $2.2M | $5.3M | −$3.0M | -58% |
| Revenue | $281M | $203M | $77.9M | +38% |
| Gross profit | $153M | $80.6M | $72.8M | +90% |
| Cost of revenue | $127M | $122M | $5.1M | +4% |
| Other income, net | $5.3M | $3.6M | $1.7M | +49% |
| Operating profit | $81.6M | $18.0M | $63.6M | +353% |
| Operating expenses | $71.8M | $62.6M | $9.2M | +15% |
| Pre-tax earnings | $86.9M | $21.6M | $65.3M | +303% |
| Research & development | $29.5M | $28.7M | $818K | +3% |
| SG&A | $35.9M | $33.0M | $2.9M | +9% |
| Other operating costs | $6.4M | $964K | $5.4M | +561% |
| Net earnings | $73.8M | $15.7M | $58.2M | +372% |
| Income tax | $13.1M | $5.9M | $7.2M | +121% |
| Depreciation & amortization | $9.3M | $10.4M | −$1.1M | -11% |
| Share-based compensation | $8.8M | $9.5M | −$681K | -7% |
| Working capital & other | $12.3M | −$8.6M | $20.9M | — |
| Operating cash flow | $104M | $27.0M | $77.3M | +286% |
| Free cash flow (OCF − capex) | $64.6M | $19.5M | $45.1M | +232% |
| Capital expenditures | $39.6M | $7.5M | $32.1M | +428% |
Questions
How much did Formfactor's revenue grow year over year in Q3 2026?
Formfactor's revenue rose $77.9M (+38%) from $203M in Q3 2025 to $281M in Q3 2026.
What drove Formfactor's revenue change in Q3 2026?
Foundry & Logic +$41.1M (+44%); Systems +$23.2M (+64%); DRAM +$16.7M (+24%).