- FormFactor has sold off on quarterly volatility as major customers like Intel buy fewer logic probe cards, but the underlying drivers for the business are still in place.
- Second quarter results were about in line on revenue and better on profits, but management guided to lower margins in the third quarter and flat card volumes.
- FormFactor will benefit from leading-edge fab investment among its major customers, but the benefits won't likely really show until 2H'22.
- Leveraged to increasing chip complexity, FormFactor looks more interesting at today's price.
For further details see:
FormFactor Hit By Volatile Results, But Leading-Edge Launches Make It Worth A Look