FORMFACTOR INC (FORM) FY2025 10-K Annual Report
FORMFACTOR INC (FORM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
FORMFACTOR INC FY2025 10-K Analysis
Business Overview
- • Core business: provider of electrical and optical semiconductor test and measurement technologies across full product lifecycle
- • Emphasis on co-packaged optics for chip-to-chip communication in data centers, targeting growth in silicon photonics high-volume production
Management Discussion & Analysis
- • Revenue $442M, down 5% YoY from $466M last year due to moderate end-market demand softness
- • Gross margin 52.2% vs 53.1% YoY, operating margin 18.5% vs 19.7% YoY from higher fixed costs
Risk Factors
- • Regulatory risk from U.S. One Big Beautiful Bill Act (OBBBA) tax law changes increased effective tax rate to 18.7% in fiscal 2025
- • Geopolitical exposure to China due to trade restrictions causing decreased revenue contribution from China down to 7.4% of total revenues in fiscal 2025
FORMFACTOR INC FY2025 Key Financial MetricsXBRL
Revenue
$785M
▲ +2.8% YoY
Net Income
$54M
▼ -21.9% YoY
Gross Margin
39.3%
▼ -98bp YoY
Operating Margin
7.3%
▼ -121bp YoY
Net Margin
6.9%
▼ -219bp YoY
ROE
5.3%
▼ -209bp YoY
Total Assets
$1.2B
▲ +6.8% YoY
EPS (Diluted)
$0.69
▼ -22.5% YoY
Operating Cash Flow
$115M
▼ -1.8% YoY
Source: XBRL data from FORMFACTOR INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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