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Formfactor (FORM)
NASDAQ:FORM
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Formfactor (FORM) Price & Analysis

853 Followers

FORM Stock Chart & Stats

$137.21
-$3.63(-7.68%)
At close: 4:00 PM EST
$137.21
-$3.63(-7.68%)

Bulls Say, Bears Say

Bulls Say
AI-driven Revenue MixAnalyst expects artificial intelligence-related revenue to become a larger share of sales as share gains in advanced memory and growth in networking switches and custom chips expand higher-margin opportunities.
Guidance And MarginsAnalyst's upward guidance signals stronger revenue potential and continued margin improvement driven by cost reductions and improved manufacturing yields.
Operational EfficiencyConsolidation of manufacturing into a single Texas facility and workforce realignment are expected to raise probe card yields and lower unit costs, supporting ongoing gross-margin expansion.
Bears Say
Facility Ramp-up And CostsRamp-up and buildout of the new Texas facility, combined with higher component costs driven by tariffs, are creating expense pressure that could weigh on margins.
Seasonal Demand WeaknessSeasonal weakness in systems offsets some of the strength from memory and networking demand, which could pressure overall revenue performance.
ValuationAnalyst's Hold rating reflects concerns that the stock is fully valued, limiting upside potential even with improving revenue and margin trends.

Formfactor News

FORM FAQ

What was Formfactor’s price range in the past 12 months?
Formfactor lowest stock price was $26.08 and its highest was $159.09 in the past 12 months.
    What is Formfactor’s market cap?
    Formfactor’s market cap is $11.62B.
      When is Formfactor’s upcoming earnings report date?
      Formfactor’s upcoming earnings report date is Aug 05, 2026 which is in 89 days.
        How were Formfactor’s earnings last quarter?
        Formfactor released its earnings results on Apr 29, 2026. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12.
          Is Formfactor overvalued?
          According to Wall Street analysts Formfactor’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Formfactor pay dividends?
            Formfactor does not currently pay dividends.
            What is Formfactor’s EPS estimate?
            Formfactor’s EPS estimate is 0.61.
              How many shares outstanding does Formfactor have?
              Formfactor has 77,954,440 shares outstanding.
                What happened to Formfactor’s price movement after its last earnings report?
                Formfactor reported an EPS of $0.56 in its last earnings report, beating expectations of $0.44. Following the earnings report the stock price went up 0.295%.
                  Which hedge fund is a major shareholder of Formfactor?
                  Currently, no hedge funds are holding shares in FORM
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Formfactor

                    FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.

                    Formfactor (FORM) Earnings & Revenues

                    FORM Company Deck

                    FORM Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call highlights strong operational execution: record sequential revenue, significant non-GAAP gross margin expansion (510 bps QoQ) and improving non-GAAP profitability, driven by probe card demand (notably HBM and networking), product wins (GPU, ASICs), accelerating CPO ramp and disciplined cost/operational improvements. Offsetting risks include GAAP impact from restructuring charges, systems segment seasonality and margin pressure, tariff uncertainty, and near-term capacity constraints until the Farmers Branch site ramps late in 2026. Liquidity is healthy and management provided constructive guidance for Q2 and a credible plan for durable margin improvement. Overall, the positive operational and financial momentum and clear roadmap outweigh the transitory and structural challenges noted.View all FORM earnings summaries

                    FORM Stock 12 Month Forecast

                    Average Price Target

                    $149.00
                    ▲(8.59% Upside)
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