As of today, FormFactor Inc (NASDAQ:$FORM)’s shares have added about 16.4% in the past month, way outperforming the market. Without a doubt, this has to do with the company’s optimal earnings report. Let’s take a look.

Earnings & Revenue Estimates in 2Q17

Non-GAAP earnings of 40 cents beat Zacks Consensus estimates by 12 cents

Revenues of $144 million beat Zacks Consensus estimates by a whopping $10 million

Revenues

Revenues increased by 11.8% sequentially and 73.3% year over year

The improvement was propelled by the company’s continued strength in the FormFactor core probe card business, and growing probe card and engineering systems businesses from Cascade Microtech

Revenues by Geography

The U.S. accounted for 35.1% of 2Q17 revenues

Taiwan accounted for 2.7% of 2Q17 revenues

South Korea accounted for 15.8% of 2Q17 revenues

Japan accounted for 7.4% of 2Q17 revenues

Europe accounted for 6.5% of 2Q17 revenues

The rest of the world accounted for 0.4% of 2Q17 revenues

Margins

Non-GAAp gross profit was $61.8 million, up from $47.6 million in the previous quarter

Gross margin was up 598 basis points

Adjusted operating expenses increased by 9.3%

Overall Outlook

FormFactor finished off the quarter with cash of #130 million compared to $121.9 million from the previous quarter. The stock itself has received a great Growth Score of A, and a momentum score of A. That means FormFactor received a strong “buy” recommendation from analysts, and is a highly suitable contender for growth and momentum investors.

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