FORM logo

FORMFACTOR INC

FORMNASDAQ
πŸ† #868 by market capEarnings Oct 27US Equity
$136.25β–² $5.49 (+4.03%)
πŸŒ™ After hours$136.25β–² 0.00%Regular close Β· extended-hours price shown
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24hβ–² 4.0%
7dβ–² 8.1%
14dβ–² 34.0%
30dβ–² 34.1%
ytdβ–² 144.3%
1yβ–² 275.7%
🏦Market Cap
$10.62B
Mid Cap
πŸ“ˆRevenue Growth (YoY)
+2.8%
Slowing
πŸ“ŠGross Margin
45.6%
Healthy
πŸ’΅FCF Margin
15.1%
Healthy
βš–οΈP/S Ratio
11.3x
Elevated
Otter Score
72
Fair

Trading Snapshot

Day Range
$134.27 – $138.69
52-Week Range
$35.38 – $160.27
Volume
$2.00B
Avg Volume
$2.24B
Shares Outstanding
78.0M
Next Earnings
Nov 30, 2026

Fundamentals Snapshot

Annual Revenue
$785M
Last Q Revenue
$258M
P/E Ratio
88.5
P/S Ratio
11.3x
EPS (TTM)
$1.48
Dividend Yield
0.00%
Dilution (1yr)
+1.1%

Why Investors Own FORM

  • βœ“High-growth profile β€” revenue up +29.7% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 79% gross margin and 14% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

FORM logo

FORMFACTOR INC

FORM
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$785Mβ–² +2.8% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
39.1%β–Ό βˆ’3.0% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$64Mβ–Ό βˆ’0.9% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$12Mβ–Ό βˆ’85.2% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
78.9Mβ–² +1.1% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
$58Mβ–Ό βˆ’$93M YoY
StockOtter Β· stockotter.space

About FORMFACTOR INC

FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Fair
72/100

Analyst Ratings

β“˜
Consensus
Buy
16 analysts
Strong Buy3
Buy7
Hold6
Sell0
Strong Sell0
Ratings as of Sep 2026

Latest News & Updates

The Motley FoolΒ·7d ago

FormFactor CEO Mike Slessor Sells 17,510 Shares

The transaction was valued at ~$1.8 million based on a weighted average execution price of $104.73 per share on September 16, 2026. The traded volume represented 4% of the CEO's direct equity holdings held before the fil

Defense WorldΒ·12d ago

Bank of America Corp DE Purchases New Shares in FormFactor, Inc. $FORM

Bank of America Corp DE bought a new stake in FormFactor, Inc. (NASDAQ: FORM) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The ins

Seeking AlphaΒ·14d ago

I Upgraded FormFactor To Strong Buy, Now I'm Raising My Price Target

I maintain a Strong Buy on FormFactor, raising my price target from $134 to $170 due to accelerated earnings growth. FORM beat Q2 2026 expectations with $258.2 million revenue, and $0.82 non-GAAP EPS and guided for anoth

Seeking AlphaΒ·14d ago

FormFactor: The Small Contacts Behind A Much Larger Earnings Opportunity

FormFactor is rated Buy, with 26% upside potential to a $145 price target based on earnings growth and a 35x multiple. FORM benefits from rising semiconductor complexity, advanced memory, and optical testing, supporting

Zacks Investment ResearchΒ·18d ago

3 Top-Ranked AI Semiconductor Equipment Stocks Amid Huge Price Upside

AI infrastructure demand is fueling growth in semiconductor equipment, with AMKR, UCTT and FORM offering major price upside.

Seeking AlphaΒ·19d ago

FormFactor, Inc. (FORM) Presents at Citi's 2026 Global TMT Conference Transcript

FormFactor, Inc. (FORM) Presents at Citi's 2026 Global TMT Conference Transcript