FormFactor's third quarter 2026 revenue of $281M and $1.04 EPS beat analyst expectations

FormFactor reported third quarter 2026 results that exceeded the high end of its guidance range, driven by record demand for high-performance compute and advanced packaging solutions. The company achieved its fourth consecutive quarterly revenue record, representing 38.4% year-over-year growth, while simultaneously expanding gross margins through manufacturing productivity gains.

Key Highlights

• Non-GAAP EPS reached $1.04, significantly outperforming the $0.86 analyst consensus estimate.
• Non-GAAP gross margin expanded to 56.5%, up 320 basis points sequentially from 53.3% in the prior quarter.
• Systems segment revenue grew by more than 20% sequentially, fueled by increased demand for co-packaged optics testing.
• Foundry & Logic revenue saw 10% sequential growth, demonstrating broad-based strength across high-performance compute end applications.