FormFactor Lifts Q2 Outlook - Quick Facts

(RTTNews) - FormFactor Inc (FORM), a provider of advanced wafer test solutions, Tuesday lifted its outlook for the second quarter, citing customer demand across the SOC and the DRAM segments.

The Livermore, California-based company now expects second-quarter revenue of $65 million to $69 million, up from prior guidance of $62 million to $66 million. Analysts polled by Thomson Reuters expect the company to report revenue of $63.54 million.

FormFactor also said it now projects second-quarter adjusted gross margin of 34% to 37%, up from prior range of 31% to 34%.

"We continue to see strength in our business in both SOC and DRAM market segments," said the company's CEO Tom St. Dennis. "While we are encouraged by the strong momentum in our business, we remain focused on our longer term strategic initiatives that will drive growth beyond 2014."