FormFactor, Inc. (NASDAQ:FORM) Q2 2022 Earnings Conference Call July 27, 2022 4:25 PM ET

Company Participants

Stan Finkelstein - Head of Investor Relations

Michael Slessor - President & Chief Executive Officer

Shai Shahar - Chief Financial Officer

Conference Call Participants

Craig Ellis - B. Riley Securities

Charles Shi - Needham & Company

Brian Chin - Stifel

David Duley - Steelhead Securities

Robert Mertens - Cowen

Christian Schwab - Craig-Hallum

David Silver - CL King

Hans Chung - D.A. Davidson

Operator

Thank you and welcome everyone to FormFactor's Second Quarter 2022 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 Vice President 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 includes also with respect to the projections of financial and business performance; future macroeconomic and geopolitical conditions; the benefits of acquisitions and investments in capacity and in new technologies; the impacts of the COVID-19 pandemic; anticipated industry trends; the disruptions in our supply chain; the impact of regulatory changes; 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 is contained in our most recent filing on Form 10-K with the SEC for fiscal year ended 2021 and in our other SEC filings which are available on the SEC's website at www.sec.gov and in our press release issued today. Forward-looking statements are made as of today, July 27, 2022 and we assume no obligation to update them.

With that, we will now turn the call over to FormFactor's CEO, Mike Slessor.

Michael Slessor

Thanks, everyone, for joining us today. FormFactor, again, posted strong results in the second quarter, delivering the second highest quarterly revenue in company history and again exceeding the non-GAAP gross margin of our target financial model.