Formfactor

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus across all top- and bottom-line metrics, driven by robust AI-related demand. Revenue reached a record $258.2M, beating the $240.0M estimate (+7.60%), while normalized EPS of $0.71 comfortably surpassed the $0.61 mean expectation. The beat was primarily fueled by the DRAM segment, where HBM demand for AI applications surged 49.0% YoY. Management's 2026 restructuring plans are yielding operational efficiencies, contributing to a substantial gross margin beat of 50.7% vs. 49.5% expected.