FormFactor (NASDAQ:FORM) Updates Q3 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.770-0.950 for the period, compared to the consensus EPS estimate of 0.600. The company issued revenue guidance of $260.0 million-$280.0 million, compared to the consensus revenue estimate of $246.2 million.

FormFactor Stock Down 5.7%

Shares of NASDAQ FORM traded down $5.04 on Wednesday, hitting $83.19. The company had a trading volume of 2,439,930 shares, compared to its average volume of 1,718,059. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor has a 12-month low of $26.08 and a 12-month high of $160.27. The firm has a market capitalization of $6.49 billion, a P/E ratio of 95.62 and a beta of 1.22. The business has a 50 day moving average of $125.81 and a two-hundred day moving average of $111.06.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, equities research analysts forecast that FormFactor will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, June 5th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 11,890 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the sale, the chief executive officer owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the sale, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,534 shares of company stock worth $4,864,118 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in FormFactor by 5,596.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after purchasing an additional 1,234,488 shares in the last quarter. Morgan Stanley raised its stake in FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in FormFactor during the 4th quarter worth approximately $60,495,000. Channing Capital Management LLC increased its holdings in shares of FormFactor by 115.5% in the 4th quarter. Channing Capital Management LLC now owns 1,000,729 shares of the semiconductor company’s stock valued at $55,821,000 after acquiring an additional 536,448 shares during the last quarter. Finally, Nuveen LLC increased its holdings in shares of FormFactor by 313.9% in the 4th quarter. Nuveen LLC now owns 705,927 shares of the semiconductor company’s stock valued at $39,377,000 after acquiring an additional 535,363 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.