FORM FORMFACTOR INC - 10-Q - (2025-11-04)

Financial Performance & Operations (9 Months Ended Sep 27, 2025)

Total 9-month revenue slightly contracted to \(569.8M (from \)574.1M), with Q3 revenue at \(202.7M (down from \)207.9M). Gross Margin compressed to 38.3% YTD (from 40.8%), leading to a sharp drop in Operating Income to \(33.6M (from \)56.9M), primarily due to the absence of a \(20.6M gain on disposition recorded last year. Factory start-up costs of \)1.3M were recognized this period.

The business operates two segments: Probe Cards (dominant revenue source) and Systems. Q3 regional performance showed significant growth in South Kore

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