FormFactor Stock Surges on Better-Than-Expected Q2 Earnings

FormFactor Inc (NASDAQ: FORM ) shares are rising in extended trading Wednesday after the company posted better-than-expected results for the second quarter and issued strong guidance. FormFactor stock is climbing today. Why is FORM stock surging? FormFactor Delivers Double Beat In Q2 Q2 Revenue: $258.24 million, versus estimates of $240 million Q2 Adjusted EPS: 82 cents, versus estimates of 61 cents Total revenue was up 14.2% on a year-over-year basis. The semiconductor test and measurement tech company said it experienced broad-based demand in the quarter, with strength in High Bandwidth Memory and Co-Packaged Optics. “Over the past four quarters, FormFactor has grown revenue more than 30%, expanded Non-GAAP gross margin 1,500 basis points, and tripled earnings per share,” said Mike Slessor, CEO of FormFactor. “These improvements reflect years of investment to creat...