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

The 10-second takeaway
 For the quarter ended March 30 (Q1), FormFactor beat slightly on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share grew.

Margins increased across the board.

Revenue details
 FormFactor notched revenue of $52.6 million. The four analysts polled by S&P Capital IQ expected sales of $51.7 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $34.8 million.

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 -$0.13. The four earnings estimates compiled by S&P Capital IQ predicted -$0.18 per share. Non-GAAP EPS were -$0.13 for Q1 compared to -$0.35 per share for the prior-year quarter. GAAP EPS were -$0.37 for Q1 versus -$0.35 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 17.2%, 530 basis points better than the prior-year quarter. Operating margin was -31.3%, much better than the prior-year quarter. Net margin was -37.6%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $60.1 million. On the bottom line, the average EPS estimate is -$0.07.

Next year's average estimate for revenue is $248.7 million. The average EPS estimate is -$0.21.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,326 members out of 1,366 rating the stock outperform, and 40 members rating it underperform. Among 362 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 352 give FormFactor a green thumbs-up, and 10 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 $7.35.

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