FMF Stock Chart & Stats
€90.82
-€17.30(-19.22%)
At close: 4:00 PM EDT
€90.82
-€17.30(-19.22%)
Day’s Range― - ―
52-Week Range€25.00 - €143.00
Previous CloseN/A
Volume40.00
Average Volume (3M)29.00
Market Cap
€6.98B
Enterprise Value€10.09K
Total Cash (Recent Filing)€345.64M
Total Debt (Recent Filing)€29.91M
Price to Earnings (P/E)74.2
Beta1.21
Next Earnings
Nov 04, 2026EPS Estimate
0.75Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.48
Shares Outstanding78,120,730
10 Day Avg. Volume8
30 Day Avg. Volume29
Financial Highlights & Ratios
PEG Ratio-3.73
Price to Book (P/B)4.34
Price to Sales (P/S)5.72
P/FCF Ratio382.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€126.07Price Target Upside38.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)2.13
Revenue Forecast (FY)€895.35M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and a sizable equity cushion strengthen FormFactor’s ability to fund capacity, absorb semiconductor-cycle volatility, and pursue product opportunities without relying heavily on external financing. This supports durable financial flexibility over the next several quarters.
Improving Margins And Operating LeverageThe sharp margin improvement, together with management’s identified baseline near 51%, indicates that at least part of the gain is operationally durable rather than purely cyclical. Better gross margins and operating leverage can support stronger earnings and internal investment capacity.
HBM Product DifferentiationFormFactor’s SmartMatrix technology is aligned with increasingly demanding HBM testing requirements, creating a product-based advantage as customers transition toward HBM4 and HBM5. This supports durable positioning in advanced memory testing and potential share gains.
Bears Say
Margin Dependence On Non-recurring ItemsA meaningful portion of recent margin expansion will not repeat, and Q3 guidance includes a temporary tariff-refund benefit. Once these items fade, reported margins may normalize below recent levels, making underlying profitability more dependent on recurring cost and mix improvements.
Capacity Ramp Costs And TimingThe new facility should expand long-term capacity, but the multi-year ramp creates near-term execution risk and planned preproduction spending. Inefficiencies and delayed margin accretion could pressure profitability and cash deployment before the facility reaches target utilization.
HBM Competition And DRAM Mix RiskA shift from HBM toward DDR could reduce exposure to a higher-value growth area, while peer entry may pressure share in HBM and other test insertions. Together, mix changes and competition could constrain revenue quality and margin upside over coming quarters.
FMF FAQ
What was Formfactor’s price range in the past 12 months?
Formfactor lowest stock price was €25.00 and its highest was €143.00 in the past 12 months.
What is Formfactor’s market cap?
Formfactor’s market cap is €6.98B.
When is Formfactor’s upcoming earnings report date?
Formfactor’s upcoming earnings report date is Nov 04, 2026 which is in 56 days.
How were Formfactor’s earnings last quarter?
Formfactor released its earnings results on Jul 29, 2026. The company reported €0.712 earnings per share for the quarter, beating the consensus estimate of €0.528 by €0.183.
Is Formfactor overvalued?
According to Wall Street analysts Formfactor’s price is currently Undervalued.
Does Formfactor pay dividends?
Formfactor does not currently pay dividends.
What is Formfactor’s EPS estimate?
Formfactor’s EPS estimate is 0.75.
How many shares outstanding does Formfactor have?
Formfactor has 78,120,730 shares outstanding.
What happened to Formfactor’s price movement after its last earnings report?
Formfactor reported an EPS of €0.712 in its last earnings report, beating expectations of €0.528. Following the earnings report the stock price went up 15.079%.
Which hedge fund is a major shareholder of Formfactor?
Currently, no hedge funds are holding shares in DE:FMF
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
Formfactor Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
€126.07 (38.81% Upside)
€126.07 (38.81% Upside)
Blogger Sentiment
Bullish
DE:FMF Sentiment 71%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth €1.2M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
271.14%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
13.61%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Formfactor
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.
FMF Company Deck
FMF Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial momentum: record revenue, strong cash generation, notable margin expansion, systems/CPO acceleration, and clear capacity plans (Farmers Branch) support the company’s long‑term targets. Key near-term risks are mix shifts (DRAM HBM→DDR), parts of the margin improvement being non‑recurring (tariff refunds, reclaim), capacity/ramp timing and competitive pressures in select subsegments. On balance the material, recurring improvements in revenue, margins, EPS, cash flow and strategic positioning outweigh the highlighted one‑time items and execution/timing risks.View all DE:FMF earnings summariesFMF Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
€126.07
▲(38.81% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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