FormFactor (NASDAQ:FORM) Issues Q1 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its first quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.410-0.490 for the period, compared to the consensus EPS estimate of 0.270. The company issued revenue guidance of $220.0 million-$230.0 million, compared to the consensus revenue estimate of $202.8 million.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FORM shares. DA Davidson set a $55.00 price target on shares of FormFactor in a report on Thursday, October 30th. Freedom Capital upgraded FormFactor to a “hold” rating in a research note on Tuesday, January 27th. Citigroup lifted their target price on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI raised their price target on shares of FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor Price Performance

NASDAQ FORM traded up $6.48 on Friday, hitting $90.35. 1,553,580 shares of the company’s stock were exchanged, compared to its average volume of 1,631,206. The stock has a 50-day moving average of $64.72 and a 200-day moving average of $47.46. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 131.56 and a beta of 1.11. FormFactor has a 52 week low of $22.58 and a 52 week high of $92.58. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.72% and a net margin of 6.93%.The company had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. During the same quarter in the previous year, the firm earned $0.27 EPS. FormFactor’s revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Analysts expect that FormFactor will post 0.9 earnings per share for the current year.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 13,088 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $76.81, for a total value of $1,005,289.28. Following the sale, the chief executive officer owned 472,907 shares in the company, valued at $36,323,986.67. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the sale, the director directly owned 38,957 shares in the company, valued at approximately $1,942,006.45. The trade was a 4.88% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 73,466 shares of company stock worth $4,683,377. Corporate insiders own 0.90% of the company’s stock.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 beat and HBM-driven strength: FormFactor reported Q4 revenue and EPS above Street expectations and highlighted record HBM-related revenue that management said drove FY25 results and momentum into Q1’26. Why FormFactor (FORM) Is Up 14.4% After Record HBM-Driven Q4 Results And Raised 2026 Outlook
• Positive Sentiment: Raised guidance for Q1 2026 and FY outlook: Management set Q1 EPS guidance of $0.41–$0.49 (well above consensus) and revenue guidance of roughly $220–$230M, signaling accelerating demand (particularly HBM and data-center). This is the primary driver cited for the rally. FormFactor, Inc. Reports 2025 Fourth Quarter Results
• Positive Sentiment: Street reaction — stock surge coverage: Market media and trading sites tracked an immediate pop after the print and upbeat guidance, reinforcing momentum as investors rotated into the name. FormFactor Stock Surges On Better‑Than‑Expected Q4 Results
• Positive Sentiment: Analyst support: Citigroup raised its price target and kept a buy stance, reflecting improved fundamentals and the stronger guide; analyst moves amplified buying interest. Citigroup price target note (coverage)
• Neutral Sentiment: Earnings call and detail flow: The earnings call transcript and presentation provide color on customer ramps, HBM strength, margin expansion and inventory dynamics — useful for validating sustainability of the guide. Review the transcript for management cadence and customer commentary. FormFactor (FORM) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Mixed analyst signals and profit-taking risk: Evercore raised its target but kept an “in-line” rating and the target remains below the intraday rally level, and some write-ups noted short‑term selling even after the beat — indicating potential volatility or partial skepticism about sustainability. Evercore ISI price target note
• Negative Sentiment: Short-term pullbacks noted by some outlets: A few reports flagged an initial post‑print dip/volatility despite beat, signaling that not all investors immediately bought into the rally. This creates near-term trading risk. FORM’s Q4 Earnings Surpass Estimates, Revenues Up Y/Y, Shares Fall

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of FORM. EverSource Wealth Advisors LLC grew its holdings in FormFactor by 208.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 1,246 shares during the period. Wexford Capital LP bought a new stake in shares of FormFactor during the 3rd quarter valued at about $100,000. Jones Financial Companies Lllp grew its stake in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares during the period. Vident Advisory LLC acquired a new stake in FormFactor during the second quarter worth approximately $204,000. Finally, Numerai GP LLC bought a new stake in FormFactor in the third quarter worth approximately $239,000. 98.76% of the stock is currently owned by institutional investors.

About FormFactor

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.