FormFactor, Inc. (FORM) Q1 2025 Earnings Call Transcript

FormFactor, Inc. (NASDAQ:FORM) Q1 2025 Results Conference Call April 30, 2025 4:25 PM ET

Company Participants

Stan Finkelstein - VP of Investor Relations
Mike Slessor - Chief Executive Officer
Shai Shahar - Chief Financial Officer

Conference Call Participants

Charles Shi - Needham & Company
Craig Ellis - B. Riley Securities
Tom Diffely - D.A. Davidson
Christian Schwab - Craig-Hallum
David Duley - Steelhead Securities
Brian Chin - Stifel
David Silver - CL King and Associates

Operator

Thank you, and welcome everyone to FormFactor's First Quarter 2025 Earnings Conference Call. On today's call are Chief Executive Officer, Mike Slessor, and Chief Financial Officer, Shai Shahar. Before we begin, Stan Finkelstein, the company's VP of Investor Relations, will remind you of some important information.

Stan Finkelstein

Thank you. Today, the company will be discussing GAAP P&L results and some important non-GAAP results intended to supplement your understanding of the company's financials. Reconciliations of GAAP to non-GAAP measures and other financial information are available in the press release issued today by the company and on the Investor Relations section of our website.

Today's discussion contains forward-looking statements within the meaning of the federal securities laws. Examples of such forward looking statements include those with respect to the projections of financial and business performance, future macroeconomic and geopolitical conditions, the benefits of acquisitions and investments, anticipated industry trends potential disruptions in our supply chain the impacts of regulatory changes, including tariffs and changes in export controls the recent U.S. China trade restrictions the anticipated demand for products our ability to develop, produce and sell products and the assumptions upon which such statements are based.

These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed during this call. Information on risk factors and uncertainties