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FormFactor Announces Major Restructuring and Facility Consolidation

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FormFactor Announces Major Restructuring and Facility Consolidation

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An announcement from Formfactor ( (FORM) ) is now available.

On January 5, 2026, FormFactor, Inc. adopted restructuring plans aimed at better aligning its cost structure with its target financial model and improving gross margins, while consolidating manufacturing facilities in Carlsbad and Baldwin Park, California. The plans, which are expected to be largely completed by the end of December 2026, involve severance or retention actions affecting approximately 200 to 300 employees and are expected to generate total restructuring charges of about $30 million to $40 million, with $10 million to $15 million in future cash expenditures and $20 million to $25 million in non-cash charges, most of which are anticipated to be recognized in the current fiscal year.

The most recent analyst rating on (FORM) stock is a Buy with a $78.00 price target. To see the full list of analyst forecasts on Formfactor stock, see the FORM Stock Forecast page.

Spark’s Take on FORM Stock

According to Spark, TipRanks’ AI Analyst, FORM is a Neutral.

FormFactor’s overall stock score reflects a mix of strengths and challenges. The most significant positive factor is the optimistic guidance and strategic initiatives highlighted in the earnings call, which suggest potential for future growth. However, the high P/E ratio raises concerns about overvaluation, and financial performance shows areas needing improvement, particularly in revenue growth and cash flow management. Technical indicators are favorable, supporting a positive short-term outlook.

To see Spark’s full report on FORM stock, click here.

More about Formfactor

FormFactor, Inc. operates in the semiconductor equipment industry, providing manufacturing capabilities and related technologies that support customers in chip production and testing. The company focuses on aligning its cost structure and manufacturing footprint with current and anticipated semiconductor market demand and its strategic priorities.

Average Trading Volume: 1,049,198

Technical Sentiment Signal: Buy

Current Market Cap: $4.86B

For a thorough assessment of FORM stock, go to TipRanks’ Stock Analysis page.

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