FORMFACTOR INC
FORMNASDAQTrading Snapshot
- Day Range
- $134.32 β $138.75
- 52-Week Range
- $35.38 β $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
- βHigh-growth profile β revenue up +29.7% YoY with expanding US Equity exposure.
- βHealthy economics β 79% gross margin and 14% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
FORMFACTOR INC
FORMAbout 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.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Price Target
βLatest News & Updates

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

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

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

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
3 Top-Ranked AI Semiconductor Equipment Stocks Amid Huge Price Upside
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FormFactor, Inc. (FORM) Presents at Citi's 2026 Global TMT Conference Transcript
FormFactor, Inc. (FORM) Presents at Citi's 2026 Global TMT Conference Transcript