FormFactor (NASDAQ:FORM) Updates Q2 2026 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.570-0.650 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FORM. TD Cowen boosted their price objective on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday. Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday. Citigroup upped their price objective on FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $135.00 price objective on FormFactor in a research note on Thursday. Finally, Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.55.

FormFactor Price Performance

FORM traded down $0.76 during trading on Friday, reaching $135.17. The stock had a trading volume of 606,078 shares, compared to its average volume of 1,593,955. The stock has a market cap of $10.54 billion, a PE ratio of 154.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50. FormFactor has a one year low of $26.08 and a one year high of $159.09. The business has a 50-day moving average of $109.65 and a 200-day moving average of $78.61.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.41% and a net margin of 8.14%.The firm’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts anticipate that FormFactor will post 1.41 EPS for the current fiscal year.

Insider Activity

In other news, Director Brian C. White sold 5,500 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $90.95, for a total transaction of $500,225.00. Following the transaction, the director directly owned 12,856 shares of the company’s stock, valued at approximately $1,169,253.20. This trade represents a 29.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Thomas St sold 7,431 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $93.84, for a total value of $697,325.04. Following the transaction, the director directly owned 31,526 shares in the company, valued at $2,958,399.84. This trade represents a 19.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 64,482 shares of company stock valued at $6,438,951. Company insiders own 0.79% of the company’s stock.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q1 beat on both EPS and revenue (EPS $0.56 vs. $0.45 est.; revenue $226.1M, +31.9% y/y), which investors viewed as proof of strong secular demand. FormFactor (NASDAQ:FORM) Reports Q1 In Line With Expectations, Stock Jumps 12.6%
• Positive Sentiment: Company reported record revenue, gross margin and EPS above outlook range, and issued Q2 guidance well above consensus (EPS $0.57–$0.65; revenue $235M–$245M), supporting upward re?rating. FormFactor, Inc. Reports 2026 First Quarter Results
• Positive Sentiment: Margin expansion was a highlight (better gross margins and operating leverage), which management and analysts flagged as driving near?term EPS upside. FORM Q1 Earnings Beat Estimates, Revenues Rise Y/Y, Margin Jumps
• Positive Sentiment: Earnings?call takeaways emphasize a margin?driven upswing and sustained demand from AI/DRAM customers — a narrative that supports higher near?term profitability. FormFactor Earnings Call Signals Margin-Driven Upswing
• Positive Sentiment: Market metrics and price targets moved higher (composite score and at least one price?target hike were reported), reinforcing momentum from the print. FormFactor (FORM) price target increased Composite rating for FormFactor rises to 97
• Neutral Sentiment: Some analysts are cautious on valuation despite the beat; Needham maintained a Hold citing rich multiples versus future growth assumptions. FormFactor: Solid Q1 and Long-Term Growth Drivers Offset by Valuation
• Neutral Sentiment: Several pieces dig into valuation and the shifting narrative (AI tailwinds vs. multiple expansion risk), signaling that future moves will hinge on sustaining margins and execution. Assessing FormFactor (FORM) Valuation After Record Q1 2026 AI?Driven Earnings How The FormFactor (FORM) Narrative Is Shifting As Valuation And Growth Expectations Reset
• Neutral Sentiment: Round?up articles noted FormFactor’s beat in broader market coverage (e.g., a news item that also discussed other market events), providing secondary visibility but limited fresh fundamentals. FormFactor beats forecasts while Pershing Square IPO opens lower

Institutional Trading of FormFactor

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after purchasing an additional 73,644 shares during the period. Morgan Stanley boosted its holdings in shares of FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after purchasing an additional 1,127,146 shares during the period. Sei Investments Co. boosted its holdings in shares of FormFactor by 3.5% during the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock worth $59,734,000 after purchasing an additional 55,101 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of FormFactor by 5,596.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after purchasing an additional 1,234,488 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.