Filing Flows › Formfactor (FORM) › Q3 2026
Formfactor (FORM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Formfactor (FORM) reported revenue of $281M for the third quarter 2026 (Q3 2026), +38% from a year earlier and +9% from the quarter before. Operating margin was 29.1%, net earnings $73.8M (26.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | +9% | +38% |
| Gross profit | $153M | +17% | +90% |
| Operating profit | $81.6M | +41% | +353% |
| Net earnings | $73.8M | +31% | +372% |
| Operating cash flow | $104M | +69% | +286% |
| Free cash flow | $64.6M | +24% | +232% |
What changed
Revenue was $280.5M in Q3 2026, up 38% year over year and up 9% from the previous quarter. Foundry & Logic was the largest line at 48% of revenue. Foundry & Logic added $41.1M year over year (up 44%), 53% of the total change. Flash declined 58%.
Gross margin was 54.7%, up 14.9 points from Q3 2025. Operating profit was $81.6M, a 29.1% margin (up 20.2 points year over year). Of the extra revenue versus Q3 2025, 82% reached operating profit, above the 9% margin then. Operating expenses grew 15% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+561%). Net earnings were $73.8M, up 372% year over year. The effective tax rate was 15.1%.
Operating cash flow was $104.3M (up 286% year over year), 141% of net earnings. Non-cash charges added back $9.3M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $12.3M. Capital expenditures of $39.6M left free cash flow of $64.6M.
Questions
What was Formfactor's revenue in the third quarter 2026?
Formfactor (FORM) reported revenue of $281M for the third quarter 2026 (Q3 2026), +38% from a year earlier and +9% from the quarter before.
Was Formfactor profitable in the third quarter 2026?
Operating profit was $81.6M (29.1% of revenue) and net earnings $73.8M.
Source: Formfactor 10-Q on SEC EDGAR.