OverviewSuggest Edit

FormFactor is a provider of semiconductor test and measurement technologies. The company offers a range of probe cards, analytical probes, probe stations, metrology systems, and thermal sub-systems to both semiconductor companies and scientific institutions. It provides products that are used to test various semiconductor device types, including system on chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radiofrequency, analog, mixed-signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices. FormFactor 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
HQSan Jose, CA, US
Websiteformfactor.com
Employee Ratings3.6
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)1,836(+10%)
Job Openings127
Revenue (FY, 2020)$693.6 M(+18%)
Share Price (Sept 2021)$39.2
Cybersecurity ratingAMore

Key People/Management at FormFactor

Mike Slessor

Mike Slessor

President and Chief Executive Officer
Matt Losey

Matt Losey

Senior Vice President and General Manager, Probes Business Unit
Robert Selley

Robert Selley

Senior Vice President, Worldwide Sales & Service
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
Steven Nott

Steven Nott

Chief Information Officer
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FormFactor Office Locations

FormFactor has offices in San Jose, Baldwin Park, Beaverton, Boulder and in 10 other locations
San Jose, CA, US (HQ)
617 River Oaks Pkwy
Baldwin Park, CA, US
5188 Commerce Dr
Beaverton, OR, US
9100 SW Gemini Dr
Boulder, CO, US
4601 Nautilus Ct S #100
Carlsbad, CA, US
2281 Las Palmas Dr
Livermore, CA, US
7005 Southfront Rd
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FormFactor Financials and Metrics

FormFactor Revenue

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FormFactor's revenue was reported to be $693.62 m in FY, 2020 which is a 17.7% increase from the previous period.
USD

Revenue (Q2, 2021)

188.1m

Gross profit (Q2, 2021)

76.3m

Gross profit margin (Q2, 2021), %

40.6%

Net income (Q2, 2021)

17.9m

EBIT (Q2, 2021)

20.4m

Market capitalization (14-Sept-2021)

3.0b

Closing stock price (14-Sept-2021)

39.2

Cash (26-Jun-2021)

160.3m

EV

3.0b
FormFactor's current market capitalization is $3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

529.7m589.5m693.6m

Revenue growth, %

11%18%

Cost of goods sold

319.3m352.0m405.7m

Gross profit

210.3m237.5m287.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

132.2m138.0m140.6m160.8m157.8m178.0m186.6m188.1m

Cost of goods sold

79.7m82.7m85.3m93.4m91.7m101.2m109.9m111.8m

Gross profit

52.5m55.4m55.3m67.4m66.2m76.7m76.7m76.3m

Gross profit Margin, %

40%40%39%42%42%43%41%41%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

98.5m144.5m187.2m

Accounts Receivable

95.3m97.9m107.6m

Inventories

77.7m83.3m99.2m

Current Assets

337.8m419.0m487.1m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

104.0m39.3m78.5m

Depreciation and Amortization

43.7m44.9m48.7m

Inventories

(21.3m)(14.3m)(22.2m)

Accounts Payable

3.1m(27.0k)16.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

5.5m12.4m20.7m15.9m36.4m59.3m19.6m37.5m

Depreciation and Amortization

11.0m22.5m32.9m11.8m23.0m34.7m12.9m26.6m

Inventories

(8.7m)(11.6m)(17.2m)928.0k(11.1m)(18.6m)(9.9m)(20.4m)

Accounts Payable

(7.1m)(11.1m)10.1m763.0k5.2m18.1m5.7m(2.0m)
USDFY, 2018

EV/EBIT

27.8 x

EV/CFO

14.6 x

Revenue/Employee

316.0k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.3 x

P/E Ratio

10.2
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FormFactor Operating Metrics

FormFactor's Products Manufactured was reported to be 6 in FY, 2020.
FY, 2018FY, 2019FY, 2020

Facility Space Leased (US), sq. ft.

331.44 k367.36 k383.35 k

Facility Space Owned, sq. ft.

90.51 k

Manufacturing Facilities

8911

Products Manufactured

456
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FormFactor Acquisitions / Subsidiaries

Company NameDateDeal Size
High Precision DevicesOctober 19, 2020$16.9 m
Advantest CorporationJuly 30, 2020$35 m
FRTOctober 09, 2019$25.9 m
Cascade MicrotechJune 24, 2016$352 m
Astria Semiconductor HoldingOctober 16, 2012$113.8 m
Advanced Temperature Test Systems GmbH
Cascade International (Shanghai) Trading Co., Ltd.
Cascade Microtech Singapore Pte, Ltd
FormFactor Beaverton, Inc.
FormFactor GmbH
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FormFactor Revenue Breakdown

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FormFactor revenue breakdown by business segment: 16.1% from Systems and 83.9% from Probe Cards

FormFactor revenue breakdown by geographic segment: 12.5% from South Korea , 25.2% from China, 9.5% from Europe , 21.7% from Taiwan , 18.4% from United States, 6.3% from Japan and 6.4% from Other

FormFactor Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

FormFactor Online and Social Media Presence

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FormFactor Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    A-

    75/100

  • Compensation

    C

    66/100

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FormFactor News and Updates

FormFactor to Participate in the 13th Annual Virtual CEO Investor Summit 2021

LIVERMORE, Calif., June 11, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq:FORM) today announced that company management is scheduled to participate in the 13th Annual CEO Summit, being held virtually this year on June 15, 2021.

FormFactor Again Named One of THE BEST Suppliers in the Semiconductor Industry

FormFactor Receives Five Star Rating in Annual VLSIresearch Customer Satisfaction Survey FormFactor Receives Five Star Rating in Annual VLSIresearch Customer Satisfaction Survey

FormFactor Ranked as #1 Supplier of Semiconductor Probe Cards

Company Posts 40% Growth in Advanced Probe Cards for Non-memory Applications Company Posts 40% Growth in Advanced Probe Cards for Non-memory Applications

FormFactor to Announce First Quarter 2021 Financial Results on April 28th

LIVERMORE, Calif., April 14, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2021 fiscal first quarter on Wednesday, April 28, 2021, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the In…

FormFactor Introduces Automated Cryogenic System to Accelerate Quantum Computing Development

HPD IQ1000 Scanning SQUID Microscope Rapidly Characterizes Magnetic Flux in Superconducting Circuits HPD IQ1000 Scanning SQUID Microscope Rapidly Characterizes Magnetic Flux in Superconducting Circuits

FormFactor to Announce Fourth Quarter 2020 Financial Results on February 3rd

LIVERMORE, Calif., Jan. 15, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2020 fiscal fourth quarter on Wednesday, February 3, 2021, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the …
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FormFactor Blogs

New Velox Software Release – New Enhancements for Version 3.2.1

In February of this year, we published a post that highlighted the new Velox™ 3.2 probe station control software features. We are excited to deliver the latest Velox 3.2.1 that introduces some additional features and benefits. Here are some highlights: Velox for Manual Probe Station comes with a key…

Expanding Large Area Arrays for Fine Pitch Vertical Probing

Cameron Harker and Yohannes Desta, PhD, recently presented at the SWTest 2021 Conference. Their presentation – Challenges of Expanding Large Area Arrays for Fine Pitch Vertical Probe Cards – was awarded the Best Data Presentation of the Conference. Semiconductor manufacturers are on a relentless dri…

On-Demand Workshop: Continuous S-Parameter Measurements to 500 GHz

Now you can view FormFactor’s Gavin Fisher presentation on continuous S-parameter measurements to 500 GHz.  The content was originally presented as a MicroApps workshop at IMS2021. Increased operation frequency of modern devices is pushing to higher extremes, which results in higher wafer testing fr…

Advanced Temperature Control for Semiconductor Wafer Test: On-Demand Workshop

Electrical test conditions are getting more and more extreme. Full wafer testing of DRAM, as example, are generating 2000 watts and more. AI chips, as well as the trend of increasing DPW for memory chips, are driving the heat generation inside the test cell higher, resulting in burned probes and ina…

FormFactor Presentations Preview: SWTest 2021

FormFactor will be delivering several presentations at the SWTest 2021 Conference, August 30 – September 1, in San Diego, California. SWTest 2021 will also be ON-DEMAND Access 24/7 from September 2 – October 2, 2021. Here’s a rundown of what will be presented: August 30, 10:30 – 11:00: Daniel Bock, …

Production Testing of Silicon Photonics Wafers

Worldwide data centers and networks for communications currently consume about 8% of the earth’s total energy produced. To meet the increasing demands for cloud storage, computing and various emerging applications such as artificial intelligence, genomics revolution and video transcoding etc., hyper…
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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, Matt Losey and Robert Selley.

  • How many employees does FormFactor have?

    FormFactor has 1,836 employees.

  • What is FormFactor revenue?

    Latest FormFactor annual revenue is $693.6 m.

  • What is FormFactor revenue per employee?

    Latest FormFactor revenue per employee is $377.8 k.

  • Who are FormFactor competitors?

    Competitors of FormFactor include ZEISS Industrial Metrology, Tianshui Huatian Technology and Tongfu Microelectronics.

  • Where is FormFactor headquarters?

    FormFactor headquarters is located at 617 River Oaks Pkwy, San Jose.

  • Where are FormFactor offices?

    FormFactor has offices in San Jose, Baldwin Park, Beaverton, Boulder and in 10 other locations.

  • How many offices does FormFactor have?

    FormFactor has 15 offices.