FormFactor (NASDAQ:FORM) Releases Q4 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided EPS guidance of 0.860-1.040 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of $275.0 million-$295.0 million, compared to the consensus revenue estimate of $278.4 million.

FormFactor Stock Down 10.2%

FORM stock opened at $87.53 on Friday. The business has a 50-day simple moving average of $116.24 and a 200 day simple moving average of $113.43. The company has a market cap of $6.82 billion, a PE ratio of 39.97 and a beta of 1.18. FormFactor has a 52 week low of $47.33 and a 52 week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 3.68 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. The company had revenue of $280.55 million for the quarter, compared to analyst estimates of $270.52 million. FormFactor had a net margin of 17.72% and a return on equity of 18.40%. The company’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. Sell-side analysts anticipate that FormFactor will post 2.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FORM shares. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft began coverage on FormFactor in a research report on Wednesday, September 30th. They set a “buy” rating and a $200.00 price objective for the company. Evercore set a $150.00 target price on shares of FormFactor in a research report on Thursday, July 30th. TD Cowen raised their price objective on shares of FormFactor from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, B. Riley Financial reiterated a “buy” rating on shares of FormFactor in a report on Monday, October 19th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.73.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 11,098 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 46,710 shares of company stock valued at $5,520,564. 0.79% of the stock is owned by company insiders.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported third-quarter revenue of $280.5 million, up 38.4% year over year, while non-GAAP earnings reached $1.04 per share versus the $0.86 consensus estimate. Revenue, gross margin and earnings exceeded the high end of management’s outlook. FormFactor’s Q3 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Demand for probe cards, DRAM, photonics and foundry and logic applications is benefiting from AI-driven chip complexity. Growth in HBM4 testing and co-packaged optics could support longer-term expansion. FORM’s HBM and Foundry Testing Gain From AI Demand
• Positive Sentiment: Analysts at Zacks characterized FORM as more attractive than Cohu because of its stronger profitability, cash generation and established AI-related revenue, while Zacks also added the stock to its Rank #1 Strong Buy list. FORM vs. COHU: Which Semiconductor Testing Stock is a Better Buy?
• Neutral Sentiment: Fourth-quarter guidance calls for revenue of $275 million to $295 million and EPS of $0.86 to $1.04, both above consensus at the midpoint for EPS but implying only modest sequential revenue growth.
• Negative Sentiment: Investors are concerned that FormFactor’s existing manufacturing footprint is approaching capacity limits. Productivity gains may moderate until the Farmers Branch, Texas, facility ramps, while start-up inefficiencies are expected to pressure near-term profitability and gross margins. FormFactor Sinks Despite Record Quarter as Factory Nears Capacity Limits
• Negative Sentiment: Recent trading data showed substantial insider selling, with no reported insider purchases over the past six months, adding a cautious signal for investors.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.