FormFactor Q3 2026: EPS Beats Expectations, Margin Expands Sharply
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Gross margin expanded to 54.7% from 39.8% a year earlier, and FormFactor still needs more room: the existing footprint is near capacity limits as the new Farmers Branch factory comes online. Management guided fourth-quarter revenue to $285 million plus or minus $10 million.
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FormFactor posted adjusted earnings of $1.04 per share for its third quarter of fiscal 2026, beating expectations. That is the fourth straight quarter of topping estimates, a streak more durable than a one-quarter surprise.
Revenue rose 38.4% year over year to $280.5 million, beating expectations, with gains spread across Foundry and Logic and the Systems segment on rising demand for co-packaged optics.
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GAAP gross margin expanded to 54.7% from 39.8% a year earlier on improved factory utilization across FormFactor's existing manufacturing footprint. Operating income and net income grew far faster than sales, showing how the revenue ramp flows to the bottom line.
Management guided fourth-quarter revenue to $285 million, plus or minus $10 million. CEO Mike Slessor noted productivity gains from the existing footprint are moderating as that site approaches capacity, keeping guided margin modestly below the third quarter's level. How quickly the new Farmers Branch factory scales is the key variable ahead.
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