FormFactor's quarterly revenue crossed a $1B annualized run rate and non-GAAP gross margin topped 50% for the first time, with HBM4, CPO and GPU all firing at once. But the real leverage — the Rubin ramp, the MEMS transition for ASICs and Farmers Branch margin gains — lands in 2027–2028. This quarter buys credibility for the slope, not just pretty numbers today.