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 Openings134
Revenue (FY, 2020)$693.6 M(+18%)
Share Price (Jun 2021)$33.8(-3%)
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
Claus Dietrich

Claus Dietrich

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

FormFactor has offices in San Jose, Baldwin Park, Beaverton, Boulder and in 11 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
Show all (16)

FormFactor Financials and Metrics

FormFactor Revenue

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FormFactor's revenue was reported to be $693.62 m in FY, 2020
USD

Revenue (Q1, 2021)

186.6m

Gross profit (Q1, 2021)

76.7m

Gross profit margin (Q1, 2021), %

41.1%

Net income (Q1, 2021)

19.6m

EBIT (Q1, 2021)

22.6m

Market capitalization (7-Jun-2021)

2.6b

Closing stock price (7-Jun-2021)

33.8

Cash (27-Mar-2021)

173.6m

EV

2.5b
FormFactor's current market capitalization is $2.6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

169.3m178.5m231.5m268.5m282.4m383.9m548.4m529.7m589.5m693.6m

Revenue growth, %

16%5%36%43%

Cost of goods sold

148.4m153.2m189.2m50.3m196.6m281.2m332.8m319.3m352.0m405.7m

Gross profit

21.0m25.3m42.3m218.2m85.7m102.7m215.6m210.3m237.5m287.9m
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

46.6m52.1m34.8m54.8m41.3m52.6m62.7m67.6m56.0m67.4m73.9m70.8m73.9m65.9m53.6m83.1m123.3m128.8m144.0m143.7m118.3m253.8m135.0m132.2m138.0m140.6m160.8m157.8m178.0m186.6m

Cost of goods sold

36.7m40.1m30.7m38.6m33.1m43.5m46.3m55.1m43.6m47.3m49.8m48.0m50.6m47.4m43.8m57.7m96.1m81.3m82.2m86.1m73.2m152.5m82.0m79.7m82.7m85.3m93.4m91.7m101.2m109.9m

Gross profit

9.9m12.0m4.2m16.2m8.2m9.1m16.4m12.5m12.3m20.0m24.1m22.8m23.3m18.5m9.8m25.4m27.2m47.6m61.8m57.6m45.1m101.3m53.0m52.5m55.4m55.3m67.4m66.2m76.7m76.7m

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%42%42%43%41%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

139.0m72.2m59.2m113.9m146.3m101.4m91.2m98.5m144.5m187.2m

Accounts Receivable

12.7m28.9m30.2m45.2m36.7m70.2m81.5m95.3m97.9m107.6m

Prepaid Expenses

7.5m10.6m13.7m15.1m23.3m

Inventories

18.1m23.6m6.1m6.9m6.5m59.8m67.8m77.7m83.3m99.2m
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

130.1m140.9m135.5m144.8m162.1m77.4m57.2m59.5m49.2m69.9m89.3m126.0m137.1m142.2m151.9m100.2m99.9m114.4m107.8m103.1m93.7m95.6m92.0m105.8m124.8m122.9m169.6m199.9m185.4m173.6m

Accounts Receivable

28.0m29.1m21.2m27.7m16.9m33.5m39.0m46.3m37.1m42.0m47.8m41.1m44.0m36.7m35.7m86.1m77.5m79.4m88.0m88.9m81.5m71.3m84.8m90.1m86.6m96.9m103.5m

Prepaid Expenses

9.0m11.3m7.0m7.2m6.4m9.5m6.2m13.4m15.7m11.7m14.3m17.8m15.7m18.5m21.7m19.4m

Inventories

21.8m20.6m20.1m20.5m20.1m24.7m26.1m22.4m21.3m22.1m25.9m24.6m24.2m27.0m31.0m68.4m60.7m60.4m65.0m68.7m73.8m76.4m81.5m83.2m83.9m86.0m79.0m87.8m94.6m104.7m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(66.0m)(35.5m)(57.7m)(19.2m)(1.5m)(6.6m)40.9m104.0m39.3m78.5m

Depreciation and Amortization

(10.8m)16.9m28.9m30.5m23.8m46.8m13.6m43.7m44.9m48.7m

Inventories

1.2m(926.0k)(8.0m)(12.0m)(8.2m)(11.7m)(15.6m)(21.3m)(14.3m)(22.2m)

Accounts Payable

5.1m(5.9m)(2.3m)4.2m(2.0m)3.4m741.0k3.1m(27.0k)16.8m
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, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

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)5.2m22.8m35.3m2.1m11.2m18.9m5.5m12.4m20.7m15.9m36.4m59.3m19.6m

Depreciation and Amortization

5.8m8.6m2.8m5.4m8.0m7.4m14.6m22.5m33.6m10.7m21.3m32.4m11.0m22.5m32.9m11.8m23.0m34.7m12.9m

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)928.0k(11.1m)(18.6m)(9.9m)

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)10.1m763.0k5.2m18.1m5.7m
USDQ2, 2011

Financial Leverage

1.1 x
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FormFactor Operating Metrics

FY, 2014FY, 2015FY, 2016

Manufacturing Facilities (Americas)

335

Manufacturing Facilities (Asia Pacific)

222

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

99/100

SecurityScorecard logo

FormFactor Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

FormFactor Online and Social Media Presence

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FormFactor Company Culture

  • Overall Culture

    D-

    55/100

  • CEO Rating

    C+

    67/100

  • Compensation

    C-

    60/100

Learn more on Comparably

FormFactor News and Updates

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 …

FormFactor Announces Participation at the 23rd Annual Needham Growth Conference

LIVERMORE, Calif., Jan. 07, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq:FORM) is pleased to announce its participation in the following investor conference:
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FormFactor Blogs

New Webinar – Advances in Analytical Wafer Probing of High-Voltage/High-Current Devices

With electric vehicles and other high-power applications gaining momentum, the development of new high-voltage/high current semiconductor devices is ramping up. Wafer test of these power semiconductors poses unique challenges, with test currents of more than 500 Amps and test voltages up to 10 Kilov…

FormFactor Probe Systems Group in Dresden Goes Green

Here at FormFactor, we value energy efficiency and recognize the importance of addressing climate change. Our commitment to environmentally conscious operations requires that we continuously seek opportunities to reduce the amount of energy consumed, and the greenhouse gasses emitted, as a result of…

We Did it Again – A Five-Star Rating in VLSIresearch Customer Satisfaction Survey

We’re excited to announce that FormFactor has once again been named a 10 BEST and THE BEST Supplier in VLSIresearch’s annual customer satisfaction survey, with five of five stars in three categories. Those are: 10 BEST Focused Suppliers of Semiconductor Equipment THE BEST Suppliers of Test Equipment…

NEW: Semiconductor Test and Measurement Webinar Series – Register Now

We are excited to announce a new webinar series designed around semiconductor test strategies for handling the data explosion. Here are details: Delivering Advanced mm-Wave Load-Pull Measurements The ramp-up of 5G mm-Wave technologies comes with substantial enhancements in connectivity, promising to…

FormFactor HPD Cryostats Enable Frontier Astrophysical Research

FormFactor engineers recently had the thrill of designing and building two prototype HPD cryostats for the Submillimeter Array on Maunakea in Hawaii. The SMA is a collaborative project between the Smithsonian Astrophysical Observatory (SAO, a member of the Center for Astrophysics | Harvard & Smi…

Scanning SQUID Microscope – Accelerating Quantum Computing Development

We just launched our first product for the emerging quantum computing market – the HPD IQ1000 – a scanning SQUID microscope. Quantum IC designers use this Superconducting Quantum Interference Device tool to study the dynamics of trapped magnetic flux (magnetic vortices) in superconducting circuits w…
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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 11 other locations.

  • How many offices does FormFactor have?

    FormFactor has 16 offices.