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FORM

FormFactor, Inc.

FORM

NASDAQ·Technology·Semiconductors·Mkt cap $11.5B

$123.59

-16.00%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$26.08 - $160.27

P/E

142.06

Fwd P/E

50.38

Beta

1.26

Div Yield

0.00%

Avg Vol

2.4M

Shares Out

78.0M

Mkt Cap

$11.5B

Price action

Price chart

Up 304.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary probe card technology with deep expertise in semiconductor testing architectures
  • Established relationships with major semiconductor manufacturers and foundries globally
  • Comprehensive product portfolio addressing multiple testing and measurement applications
  • Strong technical support and service infrastructure providing customer switching costs

Bear Case

2 risks

  • Average volatility.
  • Premium valuation to Semiconductor Equipment peers

Growth

Moderate growth ahead

Increasing semiconductor complexity requiring advanced testing and characterization solutions

Value

Premium valuation to Semiconductor Equipment peers

Momentum

Hot

+42.6% over 3m

Quality

Strong

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.56 vs $0.45 consensus (+24.4% surprise). Revenue of $226.1M vs $225.5M expected (+0.3%). Beat on both top and bottom lines.

EPS beat +24.4%
Rev beat +0.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+24.4%

Next: Apr 28, 2026

Revenue trend · last 8Q

+13%

+2%

-1%

-3%

+14%

+32%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$197.5M

$207.9M

$189.5M

$171.4M

$195.8M

$202.7M

$215.2M

$226.1M

Margins · last 8Q

Gross

47.9%

Operating

20.8%

Profit

9.0%

Wall Street consensus

7 analysts · 57% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

57%

Hold

3

43%

Sell

0%

Median Price Target

$152.50

+23.4% vs $123.59

Low $118.00
Median $152.50
High $175.00

Latest: B. Riley · Jun 11, 2026

6 analysts covering

vs Industry

How FORM stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.