FormFactor (FORM) Tops Q2 EPS by 2c
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FormFactor, Inc. Reports 2023 Second Quarter Results
August 2, 2023 4:01 PM EDTLIVERMORE, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2023 ended July 1, 2023. Quarterly revenues were $155.9 million, a decrease of 6.9% compared to $167.4 million in the first quarter of fiscal 2023, and a decrease of 23.5% from $203.9 million in the second quarter of fiscal 2022.
Higher than expected gross margin and good operating expense control produced non-GAAP EPS at the top end of the range despite revenue below the outlook range due to shipment pushouts.Continued... More