FORM · Formfactor Inc
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. FormFactor posted record Q2 revenue of $258.2M and non-GAAP gross margin of 53.3%, surpassing the high end of guidance, and guided Q3 revenue to $270M with non-GAAP EPS of $0.86. Management raised 2026 co-packaged optics revenue to exceed the prior $10–20M range and highlighted progress toward its 2030 target model, including the Farmers Branch capacity ramp beginning Q4.
- + Q2 revenue, gross profit, and EPS set all-time records, with revenue beating the high end of guidance
- + Non-GAAP gross margin expanded to 53.3%, exceeding the high end of guidance
- + Non-GAAP EPS tripled year-over-year to $0.82, up nearly 50% sequentially
- + 2026 co-packaged optics revenue raised above the prior $10–20M range, with >$20M expected by end of Q3
- + Free cash flow jumped to $52.6M in Q2 from $30.7M in Q1
- − Non-GAAP gross margin baseline excluding non-recurring items is ~51%, well below the reported 53.3%
- − Q3 DRAM revenue expected flat sequentially with a significant mix shift from higher-margin HBM to DDR
- − Q3 non-GAAP gross margin guidance of 54% relies on ~300bps of non-recurring IEPA tariff refunds
- − Capacity constraints are limiting share gains at the new fabless CPU customer
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Semiconductor Equipment & Materials — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FORM
this stock
Formfactor Inc
|
$10.13B | +167.7% | +2.8% | 88.8 | 4.1% |
|
ASML
Asml Holding NV
|
$703.84B | +69.3% | — | — | 0.4% |
|
LRCX
Lam Research Corp
|
$394.43B | +91.9% | +51.7% | 54.7 | 2.1% |
|
AMAT
Applied Materials Inc /De
|
$386.29B | +99.0% | -12.6% | 42.0 | 1.8% |
|
KLAC
Kla Corp
|
$245.53B | — | +11.7% | 51.3 | 1.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FORM | +13.8% | +56.5% | +23.3% | +48.4% | +167.7% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +14.4% | +56.4% | +11.2% | +49.0% | +155.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.