FormFactor (Nasdaq: FORM) reported earnings on Aug. 1. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), FormFactor beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share contracted.

Margins grew across the board.

Revenue details
FormFactor tallied revenue of $54.8 million. The four analysts polled by S&P Capital IQ predicted a top line of $51.9 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $46.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.01. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.11 per share. GAAP EPS were -$0.08 for Q2 against -$0.15 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.5%, 830 basis points better than the prior-year quarter. Operating margin was -11.5%, 1,460 basis points better than the prior-year quarter. Net margin was -7.7%, 880 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $40.1 million. On the bottom line, the average EPS estimate is -$0.26.

Next year's average estimate for revenue is $170.3 million. The average EPS estimate is -$0.78.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,396 members out of 1,431 rating the stock outperform, and 35 members rating it underperform. Among 375 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 367 give FormFactor a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FormFactor is outperform, with an average price target of $8.17.

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