FORM · FormFactor, Inc. Q2 FY2026 earnings call record财报电话会记录

“Examples of such forward-looking statements include those with respect to the projections of financial and business performance, future macroeconomic and geopolitical conditions, the benefits of acquisitions and investments, including the ramp-up of manufacturing facilities, anticipated industry trends, potential disruptions in our supply chain, the impacts of regulatory changes, including tariffs and changes in export controls, the anticipated volatility in demand for products, our ability to develop, produce, and sell products, and the assumptions upon which such statements are based.”

“Over the past four quarters, we've grown revenue by more than 30%, increased non-GAAP gross margin by 1,500 basis points, and tripled our earnings per share.”

“Second quarter revenue from Taiwan grew sequentially by more than 30%, and the world's leading foundry was again a 10% customer.”

“At our investor day, we introduced our new target model with a goal of doubling revenues to $1.6 billion, achieving 55% non-GAAP gross margin and more than doubling non-GAAP earnings per share to $5 per share by 2030.”

“Excluding the tiny items and mix favorability, we believe baseline non-GAAP gross margins have improved to around 51% at Q2 volumes.”

“Q2 2026 revenues of $258.2 million came in $18.2 million above the midpoint of our Q2 outlook range of $235 million to $245 million.”

“At the quarter end, authorization of $70.9 million remains available for future repurchases under the April 2025, $75 million two-year buyback program that is intended to offset dilution from stock-based compensation.”

“At the midpoint of this revenue range, we expect non-GAAP gross margin of 54% ± 150 basis points.”

“The recurring or sustainable element of gross margins, we believe, is more like 51% at the current volumes and mix.”

“The strength, as we went from Q1 to Q2 in Foundry & Logic, as we said on the call, primarily associated with an up-step in CPU demand from one of our historically strong customers.”

“The follow-up question goes back to a point you made in your prepared comments around the breadth of demand, and it's really brought home by the fact that on the 10% customer list, the ones disclosed, and I know you have many big customers beyond that, total 35% of revenue.”

“The segments and the customers we're operating in, where we plan to gain more than half of the increase in the addressable market between now and 2030, they're pretty familiar places, right?”