Filing Flows › Formfactor (FORM) › How it makes money
How Formfactor (FORM) makes money
Formfactor (FORM) made $281M of revenue in the third quarter 2026 (Q3 2026), +38% from a year earlier. Foundry & Logic brought in $134M (48%); DRAM brought in $84.9M (30%); Systems brought in $59.5M (21%). Of every dollar of revenue, 55¢ was left as gross profit, 29¢ was left as operating profit, 26¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Foundry & Logic | $134M | 47.8% | +10% | +44% |
| DRAM | $84.9M | 30.3% | -0.1% | +24% |
| Systems | $59.5M | 21.2% | +22% | +64% |
| Flash | $2.2M | 0.8% | -22% | -58% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $281M | 100.0% |
| Cost of revenue | $127M | 45.3% |
| Gross profit | $153M | 54.7% |
| Operating expenses | $71.8M | 25.6% |
| Operating profit | $81.6M | 29.1% |
| Income tax | $13.1M | 4.7% |
| Net earnings | $73.8M | 26.3% |
| Operating cash flow | $104M | 37.2% |
| Free cash flow | $64.6M | 23.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $281M | +38% |
| Q2 2026 | $258M | +32% |
| Q1 2026 | $226M | +32% |
| Q4 2025 | $215M | +14% |
| Q3 2025 | $203M | -2% |
| Q2 2025 | $196M | -0.8% |
| Q1 2025 | $171M | +2% |
From Formfactor's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Formfactor make money?
Formfactor (FORM) made $281M of revenue in the third quarter 2026 (Q3 2026), +38% from a year earlier. Foundry & Logic brought in $134M (48%); DRAM brought in $84.9M (30%); Systems brought in $59.5M (21%). Of every dollar of revenue, 55¢ was left as gross profit, 29¢ was left as operating profit, 26¢ was left as net earnings.
What is Formfactor's biggest business?
Foundry & Logic: $134M in the third quarter 2026, 48% of revenue, +44% from a year earlier.
What is Formfactor's profit margin?
Net earnings were $73.8M, 26.3% of revenue, in the third quarter 2026; the operating margin was 29.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.