| FORMFACTOR, INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| (In thousands, except per share amounts) | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
|
July 1,
2023 |
April 1,
2023 |
June 25,
2022 |
July 1,
2023 |
June 25,
2022 | ||||||||||||
| Revenues | $ | 155,916 | $ | 167,448 | $ | 203,907 | $ | 323,364 | $ | 401,081 | ||||||
| Cost of revenues | 95,633 | 106,370 | 109,538 | 202,003 | 212,488 | |||||||||||
| Gross profit | 60,283 | 61,078 | 94,369 | 121,361 | 188,593 | |||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 28,340 | 28,245 | 28,317 | 56,585 | 55,451 | |||||||||||
| Selling, general and administrative | 33,255 | 32,742 | 33,406 | 65,997 | 66,312 | |||||||||||
| Total operating expenses | 61,595 | 60,987 | 61,723 | 122,582 | 121,763 | |||||||||||
| Operating income (loss) | (1,312 | ) | 91 | 32,646 | (1,221 | ) | 66,830 | |||||||||
| Interest income, net | 1,482 | 1,276 | 181 | 2,758 | 127 | |||||||||||
| Other income, net | 450 | 23 | 551 | 473 | 743 | |||||||||||
| Income before income taxes | 620 | 1,390 | 33,378 | 2,010 | 67,700 | |||||||||||
| Provision (benefit) for income taxes | (208 | ) | 48 | 3,136 | (160 | ) | 7,586 | |||||||||
| Net income | $ | 828 | $ | 1,342 | $ | 30,242 | $ | 2,170 | $ | 60,114 | ||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 0.01 | $ | 0.02 | $ | 0.39 | $ | 0.03 | $ | 0.77 | ||||||
| Diluted | $ | 0.01 | $ | 0.02 | $ | 0.38 | $ | 0.03 | $ | 0.76 | ||||||
| Weighted-average number of shares used in per share calculations: | ||||||||||||||||
| Basic | 77,159 | 77,066 | 77,897 | 77,112 | 78,071 | |||||||||||
| Diluted | 77,616 | 77,255 | 79,210 | 77,450 | 79,423 | |||||||||||
