FormFactor designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The Сompany offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; integrated measurement systems that include test instrumentation, probe, cabling configurations, and software to enable fast, accurate, and on-wafer data collection for complex application and measurement needs.

Employee Rating

3.7More
TypePublic
HQLivermore, US
Founded1993
Size (employees)1,685 (est)
Websiteformfactor.com
FormFactor was founded in 1993 and is headquartered in Livermore, US
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Key People/Management at FormFactor

Mike Slessor

Mike Slessor

President and Chief Executive Officer
Shai Shahar

Shai Shahar

CFO
Jarek Kister

Jarek Kister

CTO and Senior Vice President of Technology R&D
Amy Leong

Amy Leong

Chief Marketing Officer and Senior Vice President, Mergers and Acquisitions
Matt Losey

Matt Losey

Senior Vice President and General Manager, Probes Business Unit
Claus Dietrich

Claus Dietrich

Vice President and General Manager, Systems Business Unit
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FormFactor Office Locations

FormFactor has offices in Livermore, Beaverton, Southbury, San Jose and in 10 other locations
Livermore, US (HQ)
7005 Southfront Rd
Beaverton, US
9100 SW Gemini Dr
Carlsbad, US
2281 Las Palmas Dr
San Jose, US
617 River Oaks Cir
Southbury, US
2 Pomperaug Office Park, Suite 103
Huangpu Qu, CN
333 Jiu Jiang Lu
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FormFactor Financials and Metrics

FormFactor Revenue

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FormFactor's revenue was reported to be $548.44 m in FY, 2017 which is a 42.9% increase from the previous period.
USD

Revenue (Q3, 2018)

135.0m

Gross profit (Q3, 2018)

53.0m

Gross profit margin (Q3, 2018), %

39.2%

Net income (Q3, 2018)

7.7m

EBIT (Q3, 2018)

9.4m

Market capitalization (17-Jan-2019)

1.0b

Closing stock price (17-Jan-2019)

13.6

Cash (29-Sep-2018)

92.0m
FormFactor's current market capitalization is $1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

231.5m268.5m282.4m383.9m548.4m

Revenue growth, %

16%5%36%43%

Cost of goods sold

189.2m50.3m196.6m281.2m332.8m

Gross profit

42.3m218.2m85.7m102.7m215.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

67.6m56.0m67.4m73.9m70.8m73.9m65.9m53.6m83.1m123.3m128.8m144.0m143.7m118.3m253.8m135.0m

Cost of goods sold

55.1m43.6m47.3m49.8m48.0m50.6m47.4m43.8m57.7m96.1m81.3m82.2m86.1m73.2m152.5m82.0m

Gross profit

12.5m12.3m20.0m24.1m22.8m23.3m18.5m9.8m25.4m27.2m47.6m61.8m57.6m45.1m101.3m53.0m

Gross profit Margin, %

19%22%30%33%32%32%28%18%31%22%37%43%40%38%40%39%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

59.2m113.9m146.3m101.4m91.2m

Accounts Receivable

30.2m45.2m36.7m70.2m81.5m

Inventories

6.1m6.9m6.5m59.8m67.8m

Current Assets

211.7m244.3m258.0m254.7m305.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

59.5m49.2m69.9m89.3m126.0m137.1m142.2m151.9m100.2m99.9m114.4m107.8m103.1m93.7m95.6m92.0m

Accounts Receivable

46.3m37.1m42.0m47.8m41.1m44.0m36.7m35.7m86.1m77.5m79.4m

Inventories

22.4m21.3m22.1m25.9m24.6m24.2m27.0m31.0m68.4m60.7m60.4m65.0m68.7m73.8m76.4m81.5m

Current Assets

237.9m213.3m224.2m239.4m245.5m256.6m256.1m258.3m284.4m260.1m274.2m300.7m306.7m311.8m324.3m329.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(57.7m)(19.2m)(1.5m)(6.6m)40.9m

Depreciation and Amortization

28.9m30.5m23.8m46.8m13.6m

Inventories

(8.0m)(12.0m)(8.2m)(11.7m)(15.6m)

Accounts Payable

(2.3m)4.2m(2.0m)3.4m741.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(10.7m)(12.7m)(4.3m)(277.0k)783.0k838.0k(2.5m)(13.8m)36.9m(14.2m)5.2m22.8m35.3m2.1m11.2m18.9m

Depreciation and Amortization

22.5m33.6m10.7m21.3m32.4m

Inventories

(8.8m)(14.3m)(7.4m)(13.7m)(21.8m)

Accounts Payable

21.4m21.2m28.6m54.1m41.6m43.3m7.3m3.0m3.0m6.2m10.4m
USDY, 2018

Financial Leverage

1.3 x
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FormFactor Operating Metrics

FY, 2014FY, 2015FY, 2016

Manufacturing Facilities (Americas)

3 3 5

Manufacturing Facilities (Asia-Pacific)

2 2 2

Manufacturing Facilities (EMEA)

2
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FormFactor Revenue Breakdown

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FormFactor revenue breakdown by business segment: 82.9% from Prode Cards and 17.1% from Systems

FormFactor revenue breakdown by geographic segment: 8.2% from Europe , 17.7% from Taiwan , 34.0% from United States, 8.1% from Japan , 16.6% from Asia-Pacific, 14.9% from South Korea and 0.5% from Other

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FormFactor Online and Social Media Presence

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FormFactor Blogs

5 Ways the EPS150RF and EPS200RF Probe Stations Deliver Accurate Measurement Results – Part Two

The EPS150RF and EPS200RF probe systems are application-focused packages that offer complete solution for best-in-class RF measurement results. Based on leading technology in RF probing and probe system design, and over 30 years of experience and application expertise, these solutions are the key to…

5 Ways the EPS150RF and EPS200RF Probe Stations Deliver Accurate Measurement Results – Part One

The EPS150RF and EPS200RF probe systems are application-focused packages that offer complete solution for best-in-class RF measurement results. Based on leading technology in RF probing and probe system design, and over 30 years of experience and application expertise, these solutions are the key to…

Breaking the Myth of Wafer Probing on Cu for FOWLP

Fan-out Wafer Level packaging (FOWLP) is one of the fastest growing advanced packaging segments today. Its growth was ignited when the iPhone 7 A10 processor incorporated the fan-out techniques for their high-end mobile application processors. According to Yole Research, FOWLP is expected to grow to…

Addressing High Parallelism in Production RF Test

Today, it seems as though every device is connected to another. The connected world, as such, is driving the growth of RFICs, including filters, PAs, switches for the front-end and WiFi, Bluetooth, and combo devices at the SoC level. Traditionally, device manufacturers have deployed probe cards that…

Five Reasons Constant Voltage EM (CVEM) Replaces CIEM for IC Failure Capture – Part Twowdxefcqufszuzezftuxetqsqxt

There are numerous shortfalls and challenges when using Constant Current Electromigration (CIEM) for IC failure capture, leading many in the industry to move toward Constant Voltage Electromigration (CVEM) as a more accurate and reliable test methodology to either complement or replace CIEM. In our …

Five Reasons Constant Voltage EM (CVEM) Replaces CIEM for IC Failure Capture – Part One

Constant Current Electromigration (CIEM) is coming under fire as a new interconnect reliability test methodology – Constant Voltage Electromigration (CVEM) – begins to take root. Many (including FormFactor) are seeing the shortfalls of CIEM alone for evaluating EM on highly scaled copper lines and v…
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FormFactor Company Life and Culture

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FormFactor Frequently Asked Questions

  • When was FormFactor founded?

    FormFactor was founded in 1993.

  • Who are FormFactor key executives?

    FormFactor's key executives are Mike Slessor, Shai Shahar and Jarek Kister.

  • How many employees does FormFactor have?

    FormFactor has 1,685 employees.

  • What is FormFactor revenue?

    Latest FormFactor annual revenue is $548.4 m.

  • What is FormFactor revenue per employee?

    Latest FormFactor revenue per employee is $325.5 k.

  • Who are FormFactor competitors?

    Competitors of FormFactor include Teradyne, National Instruments and Xcerra.

  • Where is FormFactor headquarters?

    FormFactor headquarters is located at 7005 Southfront Rd, Livermore.

  • Where are FormFactor offices?

    FormFactor has offices in Livermore, Beaverton, Southbury, San Jose and in 10 other locations.

  • How many offices does FormFactor have?

    FormFactor has 14 offices.