Formfactor Form reported first quarter of 2025 Non-Gaap income of 23 cents per share, and the Zacks Consensus estimates 21.05%. The Bottom Line rose by 27.8% compared to the quarter of a year ago.
The turnover of $ 171.4 million defeated the estimate of the Zacks consensus by 0.79% and increased 1.6% year after year. Formfactor, however, reported a consecutive decrease of 9.6% in income from the first quarter as a result of expected reductions in the demand for dram -song maps and systems.
After the winstrease, the shares of Formfactor rose by more than 10% in the pre-market trade on 30 April, powered by a strong second quarter of 2025 front views that project double-digit consecutive revenue growth in all important segments.
The income from Form defeated the estimate of the Zacks -Consensus twice and missed in the remaining two, the surprise is an average of 3.41%. (Find the latest EPS estimates and surprises on the Zacks profit calendar.)
Formfactor, Inc. Price-Consensus-EPS-Surprise-Chart | Formfactor, Inc. Quote
The turnover of the Sondekaart was $ 136.6 million, a decrease of 0.1% year after year. The decrease was led by lower dram and flash income.
Foundry and logical income (49.8% of the total income) were $ 85.3 million, a decrease of 1.7% year after year.
Dram income (28.5% of the total income) were $ 48.9 million, an increase of 6.5% years after year.
Flash income (1.4% of the total income) were $ 2.4 million. The reported figure fell 40%year after year.
System income (20.3% of the total income) were $ 34.8 million, an increase of 8.7% year after year.
The income generated from Malaysia, Taiwan, Japan and Singapore rose 36.8%, 51.8%, 21.2%and 29.2%respectively, year after year.
The income from the United States, South Korea, China, Europe and the rest of the world, however, fell 12%, 14.8%, 12.8%, 11.4%and 25.9%respectively, year after year.
In the first quarter of 2025, the gross margin expanded year after year 50 basic points (BPS) to 39.2%.
Non-Gaap business costs fell by 4% to $ 50.2 million year after year. As a percentage of income, operating costs have risen to 29.3%year after year 170 bps.
The non-Gaap-Operational margin improved 220 pps year after year to 9.9%.
As of March 29, 2025, cash and cash equivalents and tradable effects were $ 299.0 million compared to $ 360 million from December 28, 2024.
Cash generated by operational activities was $ 23.5 million in the reported quarter, a decrease of $ 35.9 million in the previous quarter.
The company generated a free cash flow of $ 6.3 million in the first quarter, compared to $ 28.8 million in the previous quarter. The decrease was mainly due to reduced operational cash flows, led by lower profitability, higher working capital use and increased capital expenditure.
Formfactor remains well positioned for long-term growth, supported by structural trends in advanced packaging, high-bandbreedth memory (HBM) and co-packed optics, which continue to stimulate innovation and demand in the semiconductor industry, the strengthening of optimistic prospects for the second quarter of 2025.
Form expects an income from the second quarter of 2025 of $ 190 million (plus-of-minus $ 5 million). The estimate of the Zacks consensus is linked to $ 185.43 million, which indicates a dip of 6.10% of the figure reported in the quarter of a year ago.
The company expects a non-Gaap gross margin of 40% (plus-of-minus 1.5%).
Based on non-Gaap, the profit of 30 cents expects (plus-of-minus 4 cents) per share. The estimate of the Zacks consensus is linked to 27 cents per share, which indicates a decrease of 22.86% compared to the figure reported in the quarter of a year ago.
Form is currently wearing a zacks rank #2 (buying).
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Criteo is planned to report the first quarter of 2025 results on 2 May. Paycom software is set to report the results of the first quarter of 2025 on 7 May, while Unity software is planned to report the first quarter of 2025 on 7 May on 7 May.
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