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 Price Performance

Shares of FORM traded up $12.52 during trading hours on Thursday, reaching $84.09. 2,899,428 shares of the stock traded hands, compared to its average volume of 1,590,372. FormFactor has a 52-week low of $22.58 and a 52-week high of $86.75. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The company has a market cap of $6.52 billion, a P/E ratio of 161.72 and a beta of 1.11. The company’s 50-day moving average price is $64.12 and its two-hundred day moving average price is $47.20.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.11. FormFactor had a net margin of 5.38% and a return on equity of 5.10%. The firm had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, analysts anticipate that FormFactor will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

FORM has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a research report on Thursday, January 22nd. Loop Capital set a $64.00 price target on FormFactor in a research note on Tuesday, January 27th. Northland Securities set a $70.00 price objective on FormFactor in a report on Thursday. Citigroup increased their price target on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price objective on FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.91.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of FormFactor 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 completion of the transaction, the director owned 38,957 shares of the company’s stock, valued at $1,942,006.45. The trade was a 4.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mike Slessor sold 39,606 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the sale, the chief executive officer owned 485,995 shares in the company, valued at approximately $31,589,675. This represents a 7.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,466 shares of company stock valued at $4,683,377 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 results beat expectations — FormFactor reported $0.46 EPS vs. $0.35 consensus and $215.2M revenue (vs. ~$210M est.), with year-over-year revenue growth and margin expansion. Management said Q4 results exceeded the high end of its outlook. Q4 Results Press Release
• Positive Sentiment: Strong Q1 guidance — Company set Q1 2026 EPS guide of $0.41–$0.49 and revenue guidance around $220–$230M (market consensus ~ $203M), signaling continued strength in HBM and data-center test demand. That guidance is a primary driver of the rally. Q1 Guidance Article
• Positive Sentiment: Record FY25 revenue and strategy commentary — Management reported record FY revenue ($785M) and emphasized strategic growth areas (HBM, data center), supporting a bullish growth narrative. FY25 Results
• Neutral Sentiment: Conference call takeaways — Management reinforced demand diversification and strategic investments; slides and call highlight execution but left some questions on cadence into the rest of the year. Read highlights. Earnings Call Highlights
• Neutral Sentiment: Analyst coverage mixed — Evercore ISI raised its price target from $50 to $80 but kept an “in-line” rating, reflecting higher model assumptions but still a cautious stance relative to recent strength. That leaves some ambiguity on near-term analyst-driven upside. Analyst Note
• Negative Sentiment: Some intraday selling/rotation — Despite the beat, outlets reported that shares briefly slid for some investors who sold into strength; mixed headlines and the stock’s high multiple mean profit-taking and volatility are possible. Market Reaction

Hedge Funds Weigh In On FormFactor

A number of large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 1,246 shares in the last quarter. Wexford Capital LP bought a new position in shares of FormFactor during the third quarter valued at approximately $100,000. Jones Financial Companies Lllp increased its holdings in shares of FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares in the last quarter. Vident Advisory LLC bought a new stake in FormFactor in the 2nd quarter valued at $204,000. Finally, Numerai GP LLC bought a new position in FormFactor in the third quarter worth approximately $239,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About FormFactor

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.