Call Start: 16:25 January 1, 0000 5:24 PM ET

FormFactor, Inc. (NASDAQ:FORM)

Q1 2022 Earnings Conference Call

April 27, 2022, 4:25 PM ET

Company Participants

Michael Slessor – President and Chief Executive Officer

Shai Shahar – Chief Financial Officer

Stan Finkelstein – Vice President of Investor Relations

Conference Call Participants

Krish Sankar – Cowen Inc.

Brian Chin – Stifel Financial Corp.

Charles Shi – Needham & Company, LLC

Craig A. Ellis – B. Riley Securities

David Duley – Steelhead Securities, LLC

Tyler Burmeister – Craig-Hallum Capital Group LLC

David Silver – CL King & Associates, Inc.

Amanda Scarnati – Citigroup Inc.

Operator

Thank you. And welcome, everyone, to FormFactor’s First Quarter 2022 Earnings Conference Call. On today's call, our Chief Executive Officer, Michael 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 those 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 disruption in our supply chain, the impacts 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 physical 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, April 27th, 2022, and we assume no obligation to update them. With that, we will now turn the call over to FormFactor's CEO, Michael Slessor. Michael?

Michael Slessor