FMF Stock Chart & Stats
€113.55
-€3.20(-6.99%)
At close: 4:00 PM EST
€113.55
-€3.20(-6.99%)
Day’s Range― - ―
52-Week Range€23.60 - €143.00
Previous CloseN/A
Volume0.00
Average Volume (3M)60.00
Market Cap
€7.13B
Enterprise Value€7.50K
Total Cash (Recent Filing)€303.28M
Total Debt (Recent Filing)€31.89M
Price to Earnings (P/E)118.2
Beta1.27
Next Earnings
Jul 29, 2026EPS Estimate
0.53Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.88
Shares Outstanding77,954,770
10 Day Avg. Volume42
30 Day Avg. Volume60
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
€134.63Price Target Upside18.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)2.15
Revenue Forecast (FY)€845.95M
Bulls Say, Bears Say
Bulls Say
Product Wins And TAM DiversificationConcrete wins across HBM, networking, GPU and ASIC customers expand addressable markets and deepen customer relationships; diversified high-value probe card applications and new systems (CPO, quantum test) create repeatable, higher-margin revenue streams over multiple cycles.
Sustained Gross Margin ExpansionMaterial and sustained non-GAAP gross-margin gains (driven by restructuring, yield and cycle-time improvements and Smart Matrix adoption) indicate structural cost and productivity improvements that support higher long-term operating margins independent of short-term demand swings.
Balance Sheet StrengthExtremely low leverage and ~ $303M cash/investments provide durable financial flexibility to fund the Farmers Branch capex, absorb cyclical semiconductor swings, sustain R&D and restructuring costs, and prioritize strategic deployment without relying on external debt.
Bears Say
Tariff & Regulatory UncertaintyOngoing tariff exposure is an unpredictable, recurring cost headwind that directly pressures gross margins and cash outflows. Refund outcomes are uncertain and timing is unclear, leaving a structural source of margin volatility until resolved or mitigated.
Capacity ConstraintsHigh factory utilization creates a production ceiling that can prevent the company from converting incremental demand into revenue. Reliance on a large, multi-quarter Farmers Branch ramp concentrates execution risk and limits near-term scalability of margin and revenue gains.
Weakened Cash ConversionTTM free cash flow slipping slightly negative reflects elevated capex and working-capital needs tied to growth and the Farmers Branch build; this constrains discretionary investment and buybacks, and reduces shock-absorption capacity during cyclical revenue variability.
Formfactor News
FMF FAQ
What was Formfactor’s price range in the past 12 months?
Formfactor lowest stock price was €23.60 and its highest was €143.00 in the past 12 months.
What is Formfactor’s market cap?
Formfactor’s market cap is €7.13B.
When is Formfactor’s upcoming earnings report date?
Formfactor’s upcoming earnings report date is Jul 29, 2026 which is in 3 days.
How were Formfactor’s earnings last quarter?
Formfactor released its earnings results on Apr 29, 2026. The company reported €0.492 earnings per share for the quarter, beating the consensus estimate of €0.386 by €0.105.
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 0.53.
How many shares outstanding does Formfactor have?
Formfactor has 77,954,770 shares outstanding.
What happened to Formfactor’s price movement after its last earnings report?
Formfactor reported an EPS of €0.492 in its last earnings report, beating expectations of €0.386. Following the earnings report the stock price went up 9.661%.
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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
€134.63 (18.57% Upside)
€134.63 (18.57% Upside)
Blogger Sentiment
Bullish
DE:FMF Sentiment 70%
Sector Average 63%
Sector Average 63%
Insider Transactions
Sold Shares
Worth €3.0M 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
227.95%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
8.62%
Trailing 12-Months
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 Stock 12 Month Forecast
Average Price Target
€134.63
▲(18.57% Upside)












