OverviewSuggest Edit

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.
TypePublic
Founded1993
HQLivermore, US
Websiteformfactor.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)1,676
Job Openings64
Revenue (FY, 2018)$529.7 M(-3%)
Share Price (Nov 2019)$23.2 (+3%)

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, Carlsbad, San Jose and in 7 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
Aschheim, DE
Max-Planck-Straße 4
Dresden, DE
Manfred-von-Ardenne-Ring 20/Haus F
Show all (12)

FormFactor Financials and Metrics

FormFactor Revenue

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View revenue for all periods
FormFactor's revenue was reported to be $529.68 m in FY, 2018
USD

Revenue (Q3, 2019)

140.6m

Gross profit (Q3, 2019)

55.3m

Gross profit margin (Q3, 2019), %

39.3%

Net income (Q3, 2019)

8.3m

EBIT (Q3, 2019)

9.3m

Market capitalization (15-Nov-2019)

1.8b

Closing stock price (15-Nov-2019)

23.2

Cash (28-Sep-2019)

122.9m

EV

1.7b
FormFactor's current market capitalization is $1.8 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

169.3m178.5m231.5m268.5m282.4m383.9m548.4m529.7m

Revenue growth, %

16%5%36%43%

Cost of goods sold

148.4m153.2m189.2m50.3m196.6m281.2m332.8m319.3m

Gross profit

21.0m25.3m42.3m218.2m85.7m102.7m215.6m210.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

46.6m52.1m34.8m54.8m41.3m52.6m62.7m67.6m56.0m67.4m73.9m70.8m73.9m65.9m53.6m83.1m123.3m128.8m144.0m143.7m118.3m253.8m135.0m132.2m138.0m140.6m

Cost of goods sold

36.7m40.1m30.7m38.6m33.1m43.5m46.3m55.1m43.6m47.3m49.8m48.0m50.6m47.4m43.8m57.7m96.1m81.3m82.2m86.1m73.2m152.5m82.0m79.7m82.7m85.3m

Gross profit

9.9m12.0m4.2m16.2m8.2m9.1m16.4m12.5m12.3m20.0m24.1m22.8m23.3m18.5m9.8m25.4m27.2m47.6m61.8m57.6m45.1m101.3m53.0m52.5m55.4m55.3m

Gross profit Margin, %

21%23%12%29%20%17%26%19%22%30%33%32%32%28%18%31%22%37%43%40%38%40%39%40%40%39%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

139.0m72.2m59.2m113.9m146.3m101.4m91.2m98.5m

Accounts Receivable

12.7m28.9m30.2m45.2m36.7m70.2m81.5m95.3m

Prepaid Expenses

7.5m10.6m13.7m

Inventories

18.1m23.6m6.1m6.9m6.5m59.8m67.8m77.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

130.1m140.9m135.5m144.8m162.1m77.4m57.2m59.5m49.2m69.9m89.3m126.0m137.1m142.2m151.9m100.2m99.9m114.4m107.8m103.1m93.7m95.6m92.0m105.8m124.8m122.9m

Accounts Receivable

28.0m29.1m21.2m27.7m16.9m33.5m39.0m46.3m37.1m42.0m47.8m41.1m44.0m36.7m35.7m86.1m77.5m79.4m88.0m88.9m81.5m71.3m84.8m

Prepaid Expenses

9.0m11.3m7.0m7.2m6.4m9.5m6.2m13.4m15.7m11.7m14.3m17.8m

Inventories

21.8m20.6m20.1m20.5m20.1m24.7m26.1m22.4m21.3m22.1m25.9m24.6m24.2m27.0m31.0m68.4m60.7m60.4m65.0m68.7m73.8m76.4m81.5m83.2m83.9m86.0m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(66.0m)(35.5m)(57.7m)(19.2m)(1.5m)(6.6m)40.9m104.0m

Depreciation and Amortization

(10.8m)16.9m28.9m30.5m23.8m46.8m13.6m43.7m

Inventories

1.2m(926.0k)(8.0m)(12.0m)(8.2m)(11.7m)(15.6m)(21.3m)

Accounts Payable

5.1m(5.9m)(2.3m)4.2m(2.0m)3.4m741.0k3.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(29.1m)(39.0m)(17.5m)(21.7m)(36.1m)(19.8m)(28.2m)(10.7m)(12.7m)(4.3m)(277.0k)783.0k838.0k(2.5m)(13.8m)36.9m(14.2m)5.2m22.8m35.3m2.1m11.2m18.9m5.5m12.4m20.7m

Depreciation and Amortization

5.8m8.6m2.8m5.4m8.0m7.4m14.6m22.5m33.6m10.7m21.3m32.4m11.0m22.5m32.9m

Inventories

(430.0k)(581.0k)(3.4m)(4.8m)(6.2m)(3.8m)(7.6m)(8.8m)(14.3m)(7.4m)(13.7m)(21.8m)(8.7m)(11.6m)(17.2m)

Accounts Payable

1.5m3.3m5.3m7.8m1.5m3.6m5.1m21.4m21.2m28.6m54.1m41.6m43.3m7.3m3.0m3.0m6.2m10.4m(7.1m)(11.1m)10.1m
USDY, 2019

EV/EBIT

183.3 x

EV/CFO

20.5 x

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: 17.1% from Systems and 82.9% from Prode Cards

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

FormFactor Online and Social Media Presence

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FormFactor News and Updates

FormFactor Acquires FRT GMBH

Expands test and measurement leadership in high-growth Advanced Packaging and MEMS applications Expands test and measurement leadership in high-growth Advanced Packaging and MEMS applications

FormFactor Appoints New Board Member

LIVERMORE, Calif., Sept. 20, 2019 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Rebeca Obregon-Jimenez to its Board of Directors, effective immediately.

CORRECTING and REPLACING – Formfactor, Inc. Reports 2019 Second Quarter Results

Company Delivers Sequential and Year-on-Year Revenue Growth, with Results at the Top End of Outlook Range; Expects Continued Growth in Q3 Company Delivers Sequential and Year-on-Year Revenue Growth, with Results at the Top End of Outlook Range; Expects Continued Growth in Q3

FormFactor to Participate in the 11th Annual CEO Investor Summit 2019

LIVERMORE, Calif., June 28, 2019 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq:FORM) today announced that company management is scheduled to participate in the 11th Annual CEO Investor Summit 2019, being held July 10, 2019 at the St. Regis Hotel, San Francisco, CA.

FormFactor Again Named THE BEST Supplier in Customer Satisfaction Survey

Annual VLSIresearch Report Ranks FormFactor as One of THE BEST Suppliers in the Semiconductor Industry Annual VLSIresearch Report Ranks FormFactor as One of THE BEST Suppliers in the Semiconductor Industry

FormFactor Ranked as Top Supplier of Semiconductor Probe Cards

VLSIresearch Names FormFactor as the Worldwide Leader in Probe Card Revenues VLSIresearch Names FormFactor as the Worldwide Leader in Probe Card Revenues
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FormFactor Blogs

Customize a 150 mm Modular Probe Station Starting at $13,880

You can now customize your FormFactor 150 mm probe station with flexible modules at an incredibly low price! This makes it even easier to configure your individual probe solution for current and future needs. Simply choose a base station and add as many application-specific starter kits as you need.…

Experience the All New Velox 3 Probe Station Control Software

Windows 10 compatible – User-centered design – Efficient and robust. The all new Velox™ 3 is the first successfully completed step of our mission to make the world‘s most powerful engineering software for 200 mm and 300 mm wafer probe stations even better. Velox 3 introduces a new icon and color con…

New Integrated, Automated Probe Solution for Wafer-level Characterization of 5G Devices and Circuits

We’re excited to announce a new partnership with Focus Microwaves that delivers a turnkey solution for automated load-pull modeling and characterization of 5G devices and transistor circuits. In order to maximize power efficiency, performance, and noise of 5G devices, accurate characterization and m…

COMPASS 2019 – Keynote Speaker and Agenda Announced – Register Now

COMPASS 2019, our seventh users’ conference is being held November 14th in Munich, Germany, and we have just announced our keynote speaker and released our agenda. Keynote speaker – E. Jan Vardaman, President and Founder, TechSearch International Drivers for Advanced Packaging: 2020 and Beyond The e…

DC, RF and Optical Probe Positioners for the Highest Accuracy Measurements

Probe positioners place a crucial role in providing accurate measurements. We offer a wide variety of manual and motorized probe positioners for any application from DC to terahertz measurements and beyond. Engineered for high stability and accuracy, our positioners enable precise, backlash-free and…

At the Forefront of Testing New Advanced Packages

In the world of advanced packaging, wafer test has become more important than ever. We are leading the way with solutions for the toughest problems—today. With the reality that Moore’s Law is approaching its practical end, our industry has applied its creativity towards advanced packaging to continu…
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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 1,676 employees.

  • What is FormFactor revenue?

    Latest FormFactor annual revenue is $529.7 m.

  • What is FormFactor revenue per employee?

    Latest FormFactor revenue per employee is $316 k.

  • Who are FormFactor competitors?

    Competitors of FormFactor include National Instruments, Teradyne and EverSpin Technologies.

  • Where is FormFactor headquarters?

    FormFactor headquarters is located at 7005 Southfront Rd, Livermore.

  • Where are FormFactor offices?

    FormFactor has offices in Livermore, Beaverton, Carlsbad, San Jose and in 7 other locations.

  • How many offices does FormFactor have?

    FormFactor has 12 offices.