(By Balaseshan) FormFactor Inc. (NASDAQ:FORM
) said it increased second quarter revenue guidance due to higher customer demand across the DRAM and Flash memory segments.
The company raised its revenue outlook for the second quarter to range of $50 million to $54 million from previous forecast of $43 million to $47 million, while Street analysts predict $42.68 million.
FormFactor said customer demand across the DRAM and Flash memory segments are the main drivers for the increase to its expected revenue results.
The company said industry conditions in the second quarter are more favorable than anticipated and improved lead times are enabling it to meet customer requests to accelerate certain product deliveries.
While encouraged by the marketplace momentum for Matrix architecture memory solutions, the company's outlook for the second half of the year is tempered by concerns about softness in the personal computer markets and the potential impact of macroeconomic forces.
FormFactor designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions. Semiconductor manufacturers use its wafer probe cards to perform wafer sort, and test on the semiconductor die or chips on the semiconductor wafer.
FORM closed Tuesday's regular session up 1.95% at $5.76. The stock has been trading between $4.68 and $9.92 for the past 52 weeks.