FormFactor Inc. (FORM) shares surged 8.39% in after-hours trading on Wednesday following the release of its impressive first-quarter 2025 financial results and optimistic second-quarter guidance. The semiconductor test equipment manufacturer's performance exceeded analyst expectations, demonstrating resilience in a challenging market environment.
The company reported adjusted net income of $18 million for Q1, significantly outperforming the IBES estimate of $14.8 million. FormFactor's adjusted earnings per share (EPS) came in at $0.23, comfortably beating the analyst consensus of $0.19. This represents a 21.05% surprise to the upside and a 27.78% increase compared to the same period last year.
Revenue for the quarter also surpassed expectations, reaching $171.4 million versus the IBES estimate of $170 million. This translates to a modest 1.56% year-over-year increase and a 0.81% beat against analyst projections. Adding to the positive sentiment, FormFactor provided an upbeat outlook for the second quarter, forecasting revenue of $190 million, plus or minus $5 million. This guidance suggests continued growth and confidence in the company's near-term prospects, likely contributing to the strong after-hours stock movement.