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FormFactor, Inc.

FORM

Last
$139.14
Day
+1.5%
1y
+257.5%
5y
+280.9%
52w
-14.4%
SPY YTD
+13.3%
XLK
+37.1%
Earnings
2026-11-0424d
EMA 21
131.78
EMA 50
124.01
EMA 200
107.23
20d high
-9.3%
5y high
-14.4%
5y range
84th
Website · 2,153 employees · United States

Positions held

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Score
62
Hold
swing
Signal
Strong Buy
Target
$159.90
Stop
$125.75
Stop distance
9.6%
Target vs last
+14.9%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • FormFactor operates in the semiconductor equipment industry, which is experiencing robust demand due to the increasing need for advanced technology in various sectors.
  • Revenue increased by 14% compared to the prior quarter, reaching $258 million.
  • Gross margin improved to 50.7%, up from 38.4% in the previous quarter.
Bear case
  • The company has a high trailing P/E ratio of 97.45, indicating potential overvaluation compared to earnings.
  • Operating margin was only 1.5% for the year 2023, reflecting challenges in profitability.
  • Debt to equity ratio stands at 2.69, suggesting a high level of leverage that could pose risks in a downturn.

Fundamentals

Market cap$10.71BEnterprise value$10.40BTrailing P/E94.57Forward P/E36.21
PEG1.39Price / book9.64Beta1.18Dividend yield0.00%
Revenue growth31.9%Earnings growth502.5%Gross margin46.2%Operating margin24.1%
Profit margin12.8%ROE11.0%ROA7.4%Debt / equity0.03
Current ratio4.08Free cash flow$114.85MAnalyst recommendationbuyMean target$153.89
52w high$160.2752w low$37.95

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$258M$226M$215M$203M$196M—
Op margin24.3%10.5%11.7%9.4%6.5%—
Net income$56.2M$20.4M$23.2M$15.7M$9.1M—
Gross margin50.7%38.4%42.2%39.8%37.3%—
Gross profit$131M$86.8M$90.8M$80.6M$72.9M—
Operating income$62.7M$23.7M$25.2M$19.0M$12.7M—
  • Revenue +14% vs prior quarter ($258M vs $226M).
  • Gross margin 50.7% (was 38.4% prior quarter).
  • Operating margin expanded to 24.3%.

Yearly (6y)

2025202420232022
Revenue$785M$764M$663M$748M
Op margin7.7%5.8%1.5%7.3%
Net income$54.4M$69.6M$82.4M$50.7M
Gross margin39.3%40.3%39.0%39.6%
Gross profit$309M$308M$259M$296M
Operating income$60.1M$44.2M$9.8M$54.9M
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

FORM · daily+8.8% over 13 sessions
Close EMA21 EMA50 EMA200
114.79124.32133.85143.38152.912026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
$0M$65M$129M$194M$258M0%25%51%2025-Q22025-Q32025-Q42026-Q12026-Q2