FormFactor (NASDAQ:FORM) Announces Q4 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its fourth quarter 2026 earnings guidance on Friday. The company provided earnings per share 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Wall Street Zen raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FormFactor in a report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price objective for the company. B. Riley Financial reissued a “buy” rating on shares of FormFactor in a research report on Monday, October 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average price target of $139.73.

FormFactor Stock Down 10.2%

Shares of FormFactor stock opened at $87.53 on Friday. The stock has a market capitalization of $6.82 billion, a P/E ratio of 39.97 and a beta of 1.18. The company has a quick ratio of 3.34, a current ratio of 3.68 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $116.24 and a two-hundred day moving average price of $113.43. FormFactor has a 12-month low of $47.33 and a 12-month high of $160.27.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The company had revenue of $280.55 million for the quarter, compared to the consensus estimate of $270.52 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. Equities analysts expect that FormFactor will post 2.76 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 11,098 shares of FormFactor stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer owned 455,596 shares in the company, valued at $57,040,619.20. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the transaction, the director directly owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 46,710 shares of company stock valued at $5,520,564. 0.79% of the stock is owned by insiders.

More 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.