Shares of FormFactor (FORM) surged 8.39% in after-hours trading on Wednesday following the company's release of its 2025 first-quarter results, which exceeded analyst expectations. The semiconductor testing equipment maker reported strong earnings and provided an optimistic outlook for the second quarter.
FormFactor announced adjusted earnings per share of $0.23 for Q1, surpassing the analyst consensus estimate of $0.19 by 21.05%. This represents a significant improvement from the $0.18 per share reported in the same period last year. Revenue for the quarter came in at $171.36 million, beating the analyst estimate of $169.98 million and showing a 1.56% increase year-over-year.
Adding to the positive sentiment, FormFactor provided an upbeat outlook for the second quarter. The company expects Q2 revenue to reach $190 million, plus or minus $5 million, indicating continued growth. Additionally, FormFactor reported a healthy adjusted gross margin of 39.2% for Q1, demonstrating the company's operational efficiency.
The strong performance and optimistic guidance suggest that FormFactor is successfully navigating the current market conditions in the semiconductor industry. Investors appear to be responding favorably to the company's ability to exceed expectations and its positive trajectory for future growth.
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