What happened In response to the company's strong second-quarter earnings, shares of FormFactor (NASDAQ: FORM), a leading provider of semiconductor testing equipment, rose by 11% as of 11:12 a.m. EDT on Thursday. So what Here's a review of the highlights from the second-quarter report that has traders feeling bullish today: Revenue jumped 73% to $144 million. The eye-popping growth is largely a result of last year's Cascade Microtech acquisition. On a sequential basis, revenue rose 12%. This number was above management's guidance range and met Wall Street's expectation. Adjusted gross margin improved 500 basis points sequentially to 47.6%. Management said that the big jump was attributable to favorable product mix and sales leverage. Adjusted earnings per share were $0.40, which was much better than management's guidance range. It also blew past the $0.27 that market watchers had expected. The company ended June with $131 million in cash. Management credited the upbeat results to strong demand from data centers, mobile, and automotive end markets. The good times are expected to continue into the third quarter, too. Management offered investors the following guidance for the upcoming quarter: Revenue will land between $136 million to $144 million. Adjusted gross margin between 43% to 46%. Adjusted earnings per share of $0.29 to $0.35. For comparison purposes, market watchers were expecting third-quarter revenue of only $134 million and EPS of $0.27. Given the expectation-topping results and guidance, it is easy to understand why the market is cheering today. Image source: Getty Images. Now what FormFactor is on a roll. The company has reported better-than-expected EPS for several quarters in a row now, and revenue, margins, and profits all continue to head in the right direction. This consistency should give investors some confidence that the company will be able to realize all the benefits promised from its monster Cascade Microtech acquisition last year. Looking ahead, business shows no signs of slowing down and the company looks well-positioned to deliver on its long-term financial goals. 10 stocks we like better than Wal-MartWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, the Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Wal-Mart wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 1, 2017The author(s) may have a position in any stocks mentioned. Brian Feroldi has no position in any stocks mentioned. The Motley Fool recommends FormFactor. The Motley Fool has a disclosure policy.