Slides
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1 Supplemental Financial Information July 29, 2026
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2 Revenue by Geographic Region (in millions) Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 $ 52.9$ 46.9$ 57.6$ 70.8$ 94.4Taiwan 57.170.866.680.673.4South Korea 40.936.434.529.438.2United States 9.411.723.311.416.9China 7.27.46.47.89.5Europe 5.25.85.63.79.1Malaysia 6.79.910.110.36.7Singapore 14.711.46.88.34.8Japan 1.72.44.33.85.2Rest of World $ 195.8$ 202.7$ 215.2$ 226.1$ 258.2
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3 Revenue by Market Segment (in millions) Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 $ 99.5$ 92.9$ 92.2$ 111.2$ 121.8Foundry & Logic 57.168.273.382.985.0DRAM 5.55.37.44.12.9Flash 162.1166.4172.9198.2209.7Probe Cards Segment 33.736.342.327.948.5Systems Segment $ 195.8$ 202.7$ 215.2$ 226.1$ 258.2
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4 Customers > 10% of Total Revenue Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 25.0%24.5%19.2%29.5%24.3%SK hynix Inc. 12.4%****Intel Corporation *****Samsung Electronics Co., Ltd. ***10.2%*NVIDIA Corporation 10.4%***11.0%Taiwan Semiconductor Manufacturing Company Ltd. 47.8%24.5%19.2%39.7%35.3% * Customer represents less than 10% of revenue for respective period
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5 GAAP to Non-GAAP Reconciliation (In thousands, except for per share amounts) The presentation provides the calculations for Non-GAAP net income and Non-GAAP net income per share. FormFactor excluded the following items from one or more of the Non-GAAP measures: stock-based compensation expense, amortization of intangibles and other fair value adjustments due to acquisitions, restructuring charges,and other. By publishing the Non-GAAP measures, the company’s management intends to provide investors with additional in formation to further analyze the company's performance, core results and underlying trends. FormFactor's management evaluates results and makes operating decisions using both GAAP and Non- GAAP measures. Non-GAAP results are not prepared in accordance with GAAP, and Non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in accordance with GAAP. Non-GAAPAdjustmentsGAAP Three Months Ended June 27, 2026OtherRestructuring Amortization of Intangibles and Acquisition Fair Value Adjustments Stock-based Compensation Three Months Ended June 27, 2026 $ 258,242$ —$ —$ —$ —$ 258,242Revenues 120,623—(4,292)(745)(1,660)127,320Cost of revenues 137,619—4,2927451,660130,922Gross profit Operating expenses: 29,166—33—(1,966)31,099Research and development 17,907—(294)(196)(1,695)20,092Sales and marketing 13,722(142)60—(3,269)17,073General and administrative 4,859————4,859Factory start-up costs 65,654(142)(201)(196)(6,930)73,123Total operating expenses 71,9651424,4939418,59057,799Operating profit 2,683————2,683Interest income, net 212————212Other income, net 74,8601424,4939418,59060,694Income before income taxes and equity investment 12,096541,7023573,2546,729Provision for income taxes 2,242————2,242Income from equity investment $ 65,006$ 88$ 2,791$ 584$ 5,336$ 56,207Net income Net income per share: $ 0.83$ —$ 0.04$ 0.01$ 0.07$ 0.72Basic $ 0.82$ —$ 0.04$ 0.01$ 0.07$ 0.71Diluted Weighted-average number of shares: 78,03678,03678,03678,03678,03678,036Basic 79,60779,60779,60779,60779,60779,607Diluted
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6 Non-GAAP Adjustments & EPS (In thousands, except for per share amounts) The presentation provides the calculations for Non-GAAP net income and Non-GAAP net income per share. FormFactor excluded the following items from one or more of the Non-GAAP measures: restructuring charges, stock-based compensation expense, amortization of intangibles, and fixed asset fair value adjustment due to acquisitions, divestiture and acquisition related expenses, and other. By publishing the Non-GAAP measures, the company’s management intends to provide investors with additional information to further analyze the company's performance, core results and underlying trend s. FormFactor's management evaluates results and makes operating decisions using both GAAP and Non -GAAP measures. Non-GAAP results are not prepared in accordance with GAAP, and Non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in accordance with GAAP. Six Months EndedThree Months Ended June 28, 2025 June 27, 2026 June 28, 2025 March 28, 2026 June 27, 2026 $ 15,487$ 76,591$ 9,086$ 20,384$ 56,207GAAP net income Adjustments: 3,26127,81437823,3214,493Restructuring charges 19,18716,5939,3918,0038,590Stock-based compensation 1,4521,600719659941 Amortization of intangibles and fixed asset fair value adjustments due to acquisitions 3,6771623,46020142 Costs related to sale and acquisition of businesses, net of gain on sale of assets (3,838)(13,241)(1,812)(7,874)(5,367)Income tax effect of non-GAAP adjustments $ 39,226$ 109,519$ 21,222$ 44,513$ 65,006Non-GAAP net income Non-GAAP net income per share: $ 0.51$ 1.41$ 0.28$ 0.57$ 0.83Basic $ 0.50$ 1.38$ 0.27$ 0.56$ 0.82Diluted Weighted-average number of shares used in per share calculations: 77,22677,93077,10777,82578,036Basic 77,72179,54677,52779,41579,607Diluted
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7 Gross Profit and Gross Margin by Segment (GAAP) (In thousands, except for percentages) Three Months Ended June 28, 2025June 27, 2026 Total Corporate and OtherSystems Probe CardsTotal Corporate and OtherSystems Probe Cards $ 195,798$ —$ 33,690$ 162,108$ 258,242$ —$ 48,547$ 209,695Revenues 72,938(2,401)13,27162,068130,922(6,697)23,563114,056Gross profit 37.3%39.4%38.3%50.7%48.5%54.4%Gross margin Six Months Ended June 28, 2025June 27, 2026 Total Corporate and OtherSystems Probe CardsTotal Corporate and OtherSystems Probe Cards $ 367,154$ —$ 68,526$ 298,628$ 484,386$ —$ 76,434$ 407,952Revenues 137,461(5,008)28,786113,683217,716(30,636)34,165214,187Gross profit 37.4%42.0%38.1%44.9%44.7%52.5%Gross margin
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8 Recent Results (non-GAAP) (in millions) Free Cash FlowDiluted EPSGross MarginRevenueALL FIGURES NON-GAAP $30.7M$0.5649.0%$226.1MQ1’26 Actual $52.6M$0.8253.3%$258.2MQ2’26 Actual $0.86 +/- $0.0954.0% +/- 1.5%$270.0M +/- $10MQ3’26 Outlook Q2’26 and Q3’26 Themes: Q2’26 revenue, gross margins and earnings per share exceeding the high end of the GAAP and Non-GAAP outlook range Q3’26 outlook range reflects strong demand across end markets, with particular strength in Foundry & Logic and continued momentum in Systems business