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FORM Stock Chart & Stats
$107.72
-$8.78(-8.44%)
At close: 4:00 PM EDT
$107.72
-$8.78(-8.44%)
Day’s Range― - ―
52-Week Range$40.60 - $160.27
Previous CloseN/A
Volume339.76K
Average Volume (3M)1.71M
Market Cap
$8.20B
Enterprise Value$10.09B
Total Cash (Recent Filing)$345.64M
Total Debt (Recent Filing)$29.91M
Price to Earnings (P/E)71.0
Beta2.16
Next Earnings
Oct 28, 2026EPS Estimate
0.86Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.48
Shares Outstanding78,120,730
10 Day Avg. Volume2,689,434
30 Day Avg. Volume1,714,880
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 Cap1.23
Enterprise Value/Revenue11.18
Enterprise Value/Gross Profit24.51
Enterprise Value/Ebitda60.79
Forecast
1Y Price Target
$152.14Price Target Upside41.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.05
Revenue Forecast (FY)$1.03B
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and a substantial equity cushion give FormFactor resilience through semiconductor cycles. The reduced debt burden preserves financial flexibility to fund capacity, support customers, and invest in product development without relying heavily on external financing.
Improving Profitability And Operating LeverageThe margin improvement is supported partly by durable cost reductions, better yields, and shorter cycle times, not only temporary benefits. A higher baseline margin can improve earnings power and cash generation as probe-card and systems demand expands.
Strategic Teradyne CollaborationThe collaboration combines FormFactor’s probing and characterization capabilities with Teradyne’s automated test platforms, potentially strengthening FormFactor’s ecosystem position. Joint customer engagement and integrated test architectures could support durable relevance as chip complexity rises.
Bears Say
Non-recurring Margin SupportReported margins currently benefit from items that will not repeat, including tariff refunds and precious-metal reclaim. Once those contributions fade, underlying profitability may be lower than recent results suggest, making future margin progression more dependent on genuine productivity and mix.
Capacity Expansion Execution RiskThe new facility is intended to expand capacity and become margin-accretive, but the multiyear ramp brings inefficiencies and material preproduction spending before benefits arrive. Delays or slower utilization could defer returns while increasing near-term cost pressure.
HBM Competition And Mix PressureA shift from HBM toward DDR can reduce exposure to a high-value growth application and weigh on product mix. At the same time, new competitors may challenge FormFactor’s HBM position, limiting share gains and increasing the need for continued technology differentiation.
FORM FAQ
What was Formfactor’s price range in the past 12 months?
Formfactor lowest stock price was $40.60 and its highest was $160.27 in the past 12 months.
What is Formfactor’s market cap?
Formfactor’s market cap is $8.20B.
When is Formfactor’s upcoming earnings report date?
Formfactor’s upcoming earnings report date is Oct 28, 2026 which is in 9 days.
How were Formfactor’s earnings last quarter?
Formfactor released its earnings results on Jul 29, 2026. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.609 by $0.211.
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 0.86.
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 $0.82 in its last earnings report, beating expectations of $0.609. Following the earnings report the stock price went up 26.279%.
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
Formfactor Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$152.14 (41.24% Upside)
$152.14 (41.24% Upside)
Blogger Sentiment
Bullish
FORM Sentiment 76%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 276.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $201.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.3%
Last 30 Days ▲ 4.4%
Last 30 Days ▲ 4.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
150.62%
12-Months-Change
Fundamentals
Return on Equity
10.96%
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.
FORM Company Deck
FORM 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 FORM earnings summariesFORM Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$152.14
▲(41.24% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
0.73% Insiders
30.83% Mutual Funds
0.99% Other Institutional Investors
43.69% Public Companies and Individual Investors













