FormFactor (NASDAQ:FORM) Releases Q1 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.410-0.490 for the period, compared to the consensus 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.

FormFactor Stock Down 4.2%

Shares of NASDAQ:FORM traded down $3.12 during midday trading on Wednesday, reaching $71.57. 1,936,548 shares of the company were exchanged, compared to its average volume of 1,537,582. The firm has a market cap of $5.55 billion, a PE ratio of 137.64 and a beta of 1.11. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $85.49. The stock has a fifty day simple moving average of $63.76 and a two-hundred day simple moving average of $47.03. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 5.10% and a net margin of 5.38%.The firm had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, sell-side analysts forecast that FormFactor will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

FORM has been the subject of a number of recent research reports. Piper Sandler set a $100.00 price target on FormFactor in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research report on Thursday, January 22nd. TD Cowen reiterated a “hold” rating on shares of FormFactor in a research note on Thursday, October 30th. Stifel Nicolaus increased their price objective on shares of FormFactor from $42.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Finally, Cantor Fitzgerald lifted their target price on FormFactor from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

Insiders Place Their Bets

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total value of $151,119.00. Following the transaction, the director directly owned 32,779 shares in the company, valued at $1,834,640.63. The trade was a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,000 shares of the firm’s stock in a transaction dated 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 owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,466 shares of company stock valued at $4,683,377 over the last 90 days. 0.96% of the stock is currently owned by insiders.

FormFactor News Summary

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 results and FY25: FormFactor reported Q4 results that beat estimates and delivered record FY25 revenue of $785.0M, with management saying Q4 revenue, gross margin and EPS exceeded the high end of guidance and expecting continued strength in Q1’26. FormFactor, Inc. Reports 2025 Fourth Quarter Results
• Positive Sentiment: Earnings beat details and investor materials: GAAP EPS of $0.46 topped the $0.35 consensus and revenue of $215.16M beat the $210.29M estimate; management provided a slide deck and press release for more detail. Q4 Press Release / Slide Deck
• Positive Sentiment: Analyst sentiment improving: Several analyst notes and a Cantor Fitzgerald write-up flagged upside potential and rising confidence ahead of/after the print, supporting a constructive medium-term view. Cantor Fitzgerald Forecasts Strong Price Appreciation for FormFactor (NASDAQ:FORM) Stock
• Neutral Sentiment: Analyst and media previews: Multiple previews and analyst roundups discussed FormFactor as a semiconductor name exposed to AI/5G/HBM tailwinds — useful context but not immediate catalysts. A Glimpse of FormFactor’s Earnings Potential
• Neutral Sentiment: Short-interest note shows no actionable change (reported values are effectively zero), so short activity is not a clear driver today.
• Negative Sentiment: Market reaction / sector weakness: Despite the beat, FORM traded down alongside peer semiconductor names — likely profit-taking, rotation, and broader sector pressure outweighing the positive fundamentals in the near term. Photronics, Nova, FormFactor, Amkor, and Applied Materials stocks trade down, what you need to know

Institutional Investors Weigh In On FormFactor

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Investments LP boosted its holdings in shares of FormFactor by 542.7% in the 3rd quarter. Two Sigma Investments LP now owns 358,137 shares of the semiconductor company’s stock valued at $13,043,000 after purchasing an additional 302,409 shares in the last quarter. Select Equity Group L.P. boosted its stake in FormFactor by 78.6% in the second quarter. Select Equity Group L.P. now owns 617,542 shares of the semiconductor company’s stock valued at $21,250,000 after buying an additional 271,760 shares in the last quarter. BNP Paribas Financial Markets raised its stake in FormFactor by 172.6% during the second quarter. BNP Paribas Financial Markets now owns 365,176 shares of the semiconductor company’s stock worth $12,566,000 after acquiring an additional 231,200 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of FormFactor by 324.1% in the third quarter. Squarepoint Ops LLC now owns 299,859 shares of the semiconductor company’s stock worth $10,921,000 after acquiring an additional 229,154 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of FormFactor by 1,755.2% in the 3rd quarter. Algert Global LLC now owns 182,371 shares of the semiconductor company’s stock valued at $6,642,000 after purchasing an additional 172,541 shares in the last quarter. Institutional investors and hedge funds 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.