FormFactor (NASDAQ:FORM) Issues Q2 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.570-0.650 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $235.0 million-$245.0 million, compared to the consensus revenue estimate of $227.7 million.

FormFactor Stock Up 1.0%

Shares of FORM stock traded up $1.35 during trading hours on Wednesday, hitting $135.53. 2,618,113 shares of the company were exchanged, compared to its average volume of 1,569,226. The business has a 50 day moving average of $107.96 and a two-hundred day moving average of $77.80. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01. FormFactor has a 52 week low of $26.08 and a 52 week high of $159.09. The company has a market capitalization of $10.57 billion, a PE ratio of 196.42 and a beta of 1.04.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The company had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.20 million. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Analysts anticipate that FormFactor will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

FORM has been the subject of a number of analyst reports. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research report on Tuesday, April 21st. Citigroup raised their target price on shares of FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Freedom Capital raised shares of FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus raised their target price on shares of FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.45.

Insider Transactions at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,200 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total value of $206,140.00. Following the completion of the sale, the director owned 30,579 shares in the company, valued at $2,865,252.30. This trade represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $90.42, for a total transaction of $313,034.04. Following the completion of the sale, the chief financial officer owned 11,140 shares of the company’s stock, valued at approximately $1,007,278.80. This represents a 23.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 64,482 shares of company stock valued at $6,438,951. 0.79% of the stock is owned by company insiders.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Quarterly beat and robust results: FORM reported $0.56 EPS vs. $0.45 consensus and revenue of $226.14M vs. $225.2M expected; management said gross margin and EPS were above prior outlooks, signaling healthy profitability. View Press Release
• Positive Sentiment: Raised Q2 2026 guidance: FORM guided Q2 EPS to $0.570–0.650 (consensus ~$0.420) and revenue to $235M–$245M (consensus ~$227.7M), indicating stronger demand visibility into the quarter. This guidance upgrade is the primary catalyst for the stock’s upward move. View Press Release
• Positive Sentiment: Company narrative: The GlobeNewswire release emphasizes “record revenue” and a continued strong demand environment for test & measurement hardware—supporting upside to near-term growth expectations. FormFactor, Inc. Reports 2026 First-Quarter Results
• Positive Sentiment: Analyst price-target action: One outlet reported a material increase to the price target (cited as +16.88% to 103.59), reflecting bullish analyst reaction to results/guidance — this can support further investor interest even if the current stock price is above that target. Price Target Increased
• Neutral Sentiment: Industry context: A market research note cites FormFactor among suppliers in the growing silicon photonics and optical I/O test & measurement market, providing a longer-term tailwind but not an immediate price driver. Market Report
• Neutral Sentiment: Coverage pieces: Pre- and post-earnings preview/analysis articles (e.g., Yahoo Finance) discuss expectations and what to watch; useful for context but not immediate catalysts. Earnings Preview
• Negative Sentiment: Analyst downgrade: Zacks lowered FormFactor from “strong-buy” to “hold,” which could temper upside from some retail/quant investors or reduce momentum among Zacks-following funds. Zacks Research

Institutional Trading of FormFactor

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in FormFactor in the fourth quarter valued at $25,000. UMB Bank n.a. lifted its stake in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in FormFactor in the fourth quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its stake in FormFactor by 208.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 1,246 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in FormFactor by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,641 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 841 shares during 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.