FormFactor (NASDAQ:FORM) Releases Q4 2026 Earnings Guidance

Posted by Brian Himes on Oct 30th, 2026

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

Analyst Ratings Changes

A number of research firms have issued reports on FORM. Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus set a $115.00 price objective on FormFactor in a research report on Tuesday, October 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of FormFactor in a research report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price target for the company. Finally, TD Cowen boosted their price target on shares of FormFactor from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.73.

Check Out Our Latest Research Report on FORM

FormFactor Trading Down 10.3%

Shares of NASDAQ FORM traded down $10.00 during midday trading on Friday, reaching $87.46. 1,269,083 shares of the stock were exchanged, compared to its average volume of 1,648,057. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The business has a 50-day simple moving average of $116.81 and a two-hundred day simple moving average of $113.36. FormFactor has a 12 month low of $47.33 and a 12 month high of $160.27. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 39.88 and a beta of 1.18.

FormFactor (NASDAQ:FORM – Get Free Report) last announced its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. The firm had revenue of $280.55 million during the quarter, compared to analyst estimates of $270.52 million. FormFactor had a net margin of 17.72% and a return on equity of 18.88%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. As a group, equities research analysts expect that FormFactor will post 2.70 EPS for the current year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 11,098 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the completion of the sale, the chief executive officer owned 455,596 shares of the company’s stock, valued at approximately $57,040,619.20. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the company’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 owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,710 shares of company stock valued at $5,520,564 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

Positive Sentiment: FormFactor reported record third-quarter revenue of $280.5 million, up 38.4% year over year, while non-GAAP EPS of $1.04 exceeded the $0.86 consensus estimate. Growth was supported by demand for probe cards, DRAM, foundry and logic products, photonics systems and co-packaged optics. FormFactor’s Q3 Earnings Beat Estimates
Positive Sentiment: Fourth-quarter guidance calls for EPS of $0.86 to $1.04 and revenue of $275 million to $295 million, both above analyst expectations of $0.79 EPS and $278.4 million revenue at the midpoint comparison. FORM’s HBM and Foundry Testing Gain From AI Demand
Positive Sentiment: AI-related complexity is increasing demand for high-bandwidth memory HBM4 testing and foundry test solutions. FormFactor also expects its Farmers Branch, Texas facility to support significant probe-card capacity expansion, with a targeted $400 million annual exit-rate by 2027.
Positive Sentiment: FORM was added to the Zacks Rank #1 “Strong Buy” list, while TD Cowen raised its price target to $110, although it maintained a Hold rating.
Negative Sentiment: Management indicated that the existing manufacturing footprint is nearing capacity limits. Productivity gains are moderating, and the Texas facility may experience ramp-related inefficiencies, limiting the pace of near-term growth.
Negative Sentiment: Fourth-quarter revenue guidance implies only modest sequential growth, while the midpoint gross margin of approximately 54.0% is below the third-quarter level. This tempering of expectations drove the selloff despite the earnings beat.
Negative Sentiment: Reported insider activity showed 45 open-market sales and no purchases over the past six months, adding a potentially cautious signal for investors.

About FormFactor

(Get Free Report)

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.