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FormFactor, Inc Reports 2020 Fourth Quarter Results

Expects Continued Robust Demand in Q1 LIVERMORE, Calif., Feb. 03, 2021 (GLOBE NEWSWIRE) FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the fourth quarter of fiscal 2020 ended December 26, 2020. Quarterly revenues were $197.0 million, an increase of 10.7% compared to $178.0 million in the third quarter of fiscal 2020, an increase of 10.3% from $178.6 million in the fourth quarter of fiscal 2019. For fiscal 2020, FormFactor posted revenues of $693.6 million, up 17.7% from $589.5 million in fiscal 2019. Delivered Q4 revenue and non-GAAP EPS above outlook range Continued to invest in capacity, with increased capital expenditures to meet sustained robust demand Significant progress on integrating recent acquisitions “FormFactor delivered strong results in the fourth quarter of 2020, setting all-time quarterly and annual company records for revenue, as well as non-GAAP operating profit and net profit,” said Mike Slessor, CEO of FormFactor, Inc. “

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