FormFactor, Inc. Updates Second Quarter Revenue Guidance
May 29, 2012
LIVERMORE, Calif. — May 29, 2012 — FormFactor, Inc. (Nasdaq: FORM) today announced it expects revenue for its fiscal second quarter of 2012 to be between $50 and $54 million, higher than the company’s previous revenue guidance of $43 to $47 million. Customer demand across the DRAM and Flash memory segments are the main drivers for the increase to the company’s expected revenue results.
“Industry conditions in Q2 are more favorable than we anticipated and our improved lead times are enabling us to meet customer requests to accelerate certain product deliveries,” said Tom St. Dennis, CEO. “While we are encouraged by the marketplace momentum for our Matrix architecture memory solutions, our outlook for the second half of the year is tempered by concerns about softness in the personal computer markets and the potential impact of macroeconomic forces.”
A conference call to discuss the financial guidance will be held tomorrow, May 30, 2012 at 5:00 a.m. PDT, or 8:00 a.m. EDT. The public is invited to listen to a live web cast of FormFactor’s conference call on the Investors section of the company’s website at www.formfactor.com. An audio replay of the conference call will also be made available approximately two hours after the conclusion of the call. The audio replay will remain available until June 9, 2012 at 9:00 p.m. PDT, and can be accessed by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) and entering confirmation code 86147250.