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FORM · Formfactor Inc

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$87.53 -4.79 (-5.19%) At close · Nov 13
Market Cap
$6.86B
Shares
78.40M
Volume · Nov 13 1.3M Avg daily vol (3M) 1.57M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$87.53 Open$90.46 Day$85.07–91.96 52W close$48.68–159.93 Avg vol 30d2.0M Short int2.8M · 3.6% of shares · 1.7d Short vol70% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 3

Up next

Feb 3, 2027 Est · unconfirmed · in 11 wks

Latest documents

2026
Nov 12
Registration statement S-3ASR
FormFactor registers 2,234,887 shares for Teradyne resale

FormFactor registered 2,234,887 common shares for Teradyne’s resale after Teradyne bought them for approximately $300.0 million in a private placement that closed November 9, 2026. FormFactor will receive no resale proceeds.

Read from the first part of this long document
3 source passages
On October 6, 2026, we entered into the securities purchase agreement (the Securities Purchase Agreement) with Teradyne, Inc. for the sale of 2,234,887 shares of our common stock for aggregate cash consideration of approximately $300.0 million. The sale of the shares closed on November 9, 2026. This prospectus relates to the proposed resale or other disposition from time to time by Teradyne, Inc., the selling stockholder identified in this prospectus (the Selling Stockholder), of up to an aggregate of 2,234,887 shares of our common stock, par value $0.001 per share. We will not sell any shares of common stock under this prospectus and will not receive any of the proceeds from the sale or other disposition of common stock by the Selling Stockholder. Open the document at this passage
Nov 9
Registration statement S-3
Teradyne, Inc. may resell 2,234,887 shares

Teradyne, Inc. may resell up to 2,234,887 FormFactor common shares purchased for approximately $300.0 million in a private placement that closed on November 9, 2026; FormFactor will receive no resale proceeds.

Read from the first part of this long document
3 source passages
On October 6, 2026, we entered into the securities purchase agreement (the Securities Purchase Agreement) with Teradyne, Inc. for the sale of 2,234,887 shares of our common stock for aggregate cash consideration of approximately $300.0 million. The sale of the shares closed on November 9, 2026. We will not receive any proceeds from the resale of the shares of common stock by the Selling Stockholder. Open the document at this passage
Nov 3
Quarterly report 10-Q FY2026 Q3, ended Sep 26
Net income surges as record revenue lifts margins

FormFactor, Inc. generated net income of $150.4 million in the first nine months of fiscal 2026, compared to $31.1 million in fiscal 2025, as record quarterly revenue and improved gross margins drove the increase. Restructuring charges partially offset the gains.

Revenue $280.55M ▲ 38.4% Net income $73.82M ▲ 371.5% Diluted EPS $0.93 ▲ 365.0%
Read from the MD&A section
2 source passages
FormFactor, Inc., headquartered in Livermore, California, is a leading provider of essential test and measurement technologies along the full semiconductor product lifecycle — from characterization, modeling, reliability, and design de-bug, to qualification and production test. We generated net income of $150.4 million in the first nine months of fiscal 2026, compared to $31.1 million in the first nine months of fiscal 2025. The increase in net income was primarily attributable to higher revenues, with each quarter of fiscal 2026 achieving record quarterly revenue and surpassing the prior quarter's performance, as well as improved gross margins. These favorable factors were partially offset by higher restructuring charges associated with initiatives to better align our cost structure and support gross margin improvement. Open the document at this passage
Oct 28
Earnings call
Q3 revenue nears 40% growth with record results

FormFactor reported Q3 revenue of $280.5 million, up close to 40% year over year, with non-GAAP gross margin of 56.5% and fully diluted EPS of $1.04.

4 source passages
Q3 was another strong quarter for Form Factor. Revenue levels close to 40% higher than the same quarter a year ago. Q3 revenues of $280.5 million came in $10.5 million above the midpoint of our Q3 Outlook range of $260 to $280 million, and we're up $22.3 million, or 9% from Q2. We delivered non-GAAP gross margin of 56.5% and non-GAAP earnings per fully diluted share of $1.04 on our fourth consecutive quarter of record revenues. Open the document at this passage
Oct 28
Current report 8-K
Financial results

FormFactor reported third-quarter fiscal 2026 revenue of $280.5 million, GAAP net income of $73.8 million and gross margin of 54.7%, and guided fourth-quarter revenue to $285 million +/- $10 million.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$980.10M
Trailing 12 months
Net income (TTM)
$173.63M
Trailing 12 months
Revenue growth YoY
+38.4%
Year over year
Operating margin
18.3%
Trailing 12 months
P / E (TTM)
40.0
Trailing earnings · reciprocal yield 2.5%
FCF yield
2.6%
TTM · current market cap
Return on invested capital
19.7%
Trailing 12 months
Net cash
$384.05M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+2.2%
Year over year · more shares
Price change (1Y)
+72.6%
Trailing year
Short interest
3.6%
Latest settlement · 1.7 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Jul 29, 2026
Q2 FY26

TL;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.

Bullish
  • + 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
Bearish
  • − 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 advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −24%
below
Price vs 50-day avg −22%
below
RSI (14) 43
neutral
MACD trend Positive
52-week position 35%
mid-range
Momentum
relative strength
Weak
1-month return −17%
trailing
6-month return −36%
trailing
YTD return +57%
this year
Relative strength −36%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $113 › 200d $115 — 200d above 50d
Institutional flow Accumulating
456 of 514 funds reported for Sep 30 · net +913.9K sh shares · +67 new
Insider flow Distributing
Net -$201.8K over 90 days · 100% sells
Short interest Rising
3.59% of shares out · ▲ +7.6% MoM · 1.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
514 holders — near 3-yr high, broad support
Squeeze score 50
elevated · 0–100
Fundamentals
Strong
Revenue growth +3%
Y/Y
Gross margin 39%
contracting
EPS growth −22%
Y/Y
Free cash flow $11.7M
Valuation P/E 40
below peers
Buyback $70.9M
remaining
Balance sheet $91.1M
net cash
Quant / Vol
risk profile
Very High
Volatility 89%
annualized · 1-yr
Max drawdown −55%
past year
ATR 10.2%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 6 of last 7
Latest guidance · from the Earnings Call filed Jul 29, 2026
2026
Cash CapEx for Farmers Branch and capacity additions $140M – $170M
Pre-production ramp costs $25M – $30M
the current third quarter
Pre-production ramp costs $7M
Previous outlook earlier release · from the Earnings Call filed Apr 29, 2026

Still-open targets the latest release did not restate under the same label.

Cash CapEx for Farmers Branch · 2026 $140M – $170M
Preproduction ramp costs and G&A · 2026 $20M – $25M
Non-GAAP effective tax rate · Q2 15% – 19%
Guided vs delivered · last 7 settled
Revenue first quarter ending March 26, 2022
guided $188M – $200M
$197.17M In line
Net income per diluted share first quarter ending March 26, 2022
guided $0.23 – $0.31
$0.38 Beat +40.7%
Q4 revenue Q4 2021
guided $192M – $204M
$205M Beat +3.5%
Q3 revenue Q3
guided $182M – $194M
$189.96M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
2 · 3 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−24% Bearish
Price vs 50-day avg
−22% Bearish
RSI (14)
43 Neutral
MACD trend
Positive Bullish
52-week position
35% Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $113 › 200d $115 — 200d above 50d
Institutional flow Accumulating
456 of 514 funds reported for Sep 30 · net +913.9K sh shares · +67 new
Insider flow Distributing
Net -$201.8K over 90 days · 100% sells
Short interest Rising
3.59% of shares out · ▲ +7.6% MoM · 1.7 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
514 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $49 Now $88 · 35% Range high $160
vs 200-day avg -24% vs 50-day avg -22%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Average debt outstanding 11.7M the three months ended June 27, 2026 filing —
Revenue growth from HBM products as a share of year-over-year increase in DRAM product revenues 75% the three months ended June 27, 2026 filing —
Weighted average balance of cash and investments 335.1M the three months ended June 27, 2026 filing —
Weighted average interest rate on debt 2.75% the three months ended June 27, 2026 filing —
Weighted average yield on cash and investments 3.79% the three months ended June 27, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Semiconductor Equipment & Materials — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
FORM
Formfactor Inc
this stock
$6.86B +56.9% +2.8% 40.0 3.6%
ASML
Asml Holding NV
$576.26B +39.8% — — 0.3%
AMAT
Applied Materials Inc
$294.03B +44.2% -12.6% 32.0 1.8%
LRCX
Lam Research Corp
$282.21B +32.0% +51.7% 33.7 2.2%
KLAC
Kla Corp
$198.47B — +11.7% 38.2 1.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
527
% held
94.7%
Reported
456 of 514
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
424
View
Short & Settlement
Short Interest Rising
Shares short
2.8M
Days to cover
1.7d
Change
+198.0K sh
View
Short Volume
Short vol %
70%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
353
Value
$48.4K
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
52.0%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$201.8K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$785.0M
Net income (FY)
$54.4M
EPS diluted
$0.69
View
Buybacks
Authorized · 2 programs
$76.6M
Remaining
$70.9M
Spent Remaining
View
Filings
SEC Filings
Latest
S-3ASR
Filed
Nov 12, 2026
This year
19

FormFactor registered 2,234,887 common shares for Teradyne’s resale after Teradyne bought them for approximately $300.0 million in a private placement that closed November 9, 2026. FormFactor will receive no resale proceeds.

View
Proposed Sales
Value
$1.4M
Shares
11.1K
Filed
Oct 14, 2026
View
Exempt Offerings
Offering
$300.0M
Filed
Oct 20, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
FormFactor, Inc. Reports 2026 Thi…
Published
Oct 28, 2026
View

Performance

5D 20D 120D MTD YTD
FORM +7.9% -16.7% -35.9% +0.0% +56.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +5.3% -15.5% -36.4% +0.2% +46.3%

Capital returns

Buyback programs · 2 active · as of Jun 27, 2026
Authorized (total)
$76.60M
Spent (derived)
$5.70M
Remaining
$70.90M
Spent Remaining

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.

Key facts CIK 1039399 CUSIP 346375108 13F (30d) 408 filings 364 filers Visit website Investor relations