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    FormFactor Inc (FORM)

    Official site

    TECHNOLOGY • SEMICONDUCTOR EQUIPMENT & MATERIALS • NASDAQ

    $113.34
    -6.37 (-5.32%)

    Market Cap: $9.33B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    90%(35/39)
    Avg Surprise
    +17.20%
    Streak
    4 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.86
    Range$0.86 - $0.87
    8 analysts
    EPS Revisions
    7
    0
    7d
    7
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.62+38.4%
    60d ago$0.86+0.1%
    30d ago$0.86+0.1%
    7d ago$0.86+0.1%
    Current$0.86
    Revenue Consensus
    $270M
    Range$270M - $273M
    10 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.15
    Range$1.12 - $1.21
    9 analysts
    Revenue Consensus
    $297M
    Range$289M - $307M
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$1.15---
    Sep 26EST
    -$0.86---
    Jun 26
    Reported Jul 29
    $0.74$0.51+45.10%Beat+174.1%
    Mar 26
    Reported Apr 29
    $0.56$0.44+27.27%Beat+143.5%
    Dec 25
    Reported Feb 4
    $0.46$0.35+31.43%Beat+70.4%
    Sep 25
    Reported Oct 29
    $0.33$0.25+32.00%Beat-5.7%
    Jun 25
    Reported Jul 30
    $0.27$0.30-10.00%Miss-22.9%
    Mar 25
    Reported Apr 30
    $0.23$0.19+21.05%Beat+27.8%
    Dec 24
    Reported Feb 5
    $0.27$0.29-6.90%Miss+35.0%
    Sep 24
    Reported Oct 30
    $0.35$0.31+12.90%Beat+59.1%
    Jun 24
    Reported Jul 31
    $0.35$0.31+12.90%Beat+150.0%
    Mar 24
    Reported May 1
    $0.18$0.19-5.26%Miss+12.5%
    Dec 23
    Reported Feb 7
    $0.20$0.20+0.00%Beat+300.0%
    Sep 23
    Reported Nov 1
    $0.22$0.17+29.41%Beat-8.3%
    Jun 23
    Reported Aug 2
    $0.14$0.12+16.67%Beat-69.6%
    Mar 23
    Reported May 3
    $0.16$0.13+23.08%Beat-67.3%
    Dec 22
    Reported Feb 8
    $0.05$0.03+66.67%Beat-88.6%
    Sep 22
    Reported Oct 26
    $0.24$0.21+14.29%Beat-40.0%
    Jun 22
    Reported Jul 27
    $0.46$0.43+6.98%Beat+27.8%
    Mar 22
    Reported Apr 27
    $0.49$0.39+25.64%Beat+28.9%
    Dec 21
    Reported Feb 2
    $0.44$0.41+7.32%Beat+0.0%
    Sep 21
    Reported Oct 27
    $0.40$0.35+14.29%Beat+2.6%
    Jun 21
    Reported Jul 28
    $0.36$0.32+12.50%Beat+9.1%
    Mar 21
    Reported Apr 28
    $0.38$0.38+0.00%Beat+15.2%
    Dec 20
    Reported Feb 3
    $0.44$0.38+15.79%Beat+7.3%
    Sep 20
    Reported Oct 28
    $0.39$0.34+14.71%Beat+77.3%
    Jun 20
    Reported Jul 30
    $0.33$0.28+17.86%Beat+57.1%
    Mar 20
    Reported May 6
    $0.33$0.22+50.00%Beat+65.0%
    Dec 19
    Reported Feb 5
    $0.41$0.31+32.26%Beat+32.3%
    Sep 19
    Reported Oct 30
    $0.22$0.21+4.76%Beat-15.4%
    Jun 19
    Reported Jul 31
    $0.21$0.18+16.67%Beat-22.2%
    Mar 19
    Reported May 1
    $0.20$0.17+17.65%Beat+17.6%
    Dec 18
    Reported Feb 6
    $0.31$0.25+24.00%Beat+29.2%
    Sep 18
    Reported Oct 31
    $0.26$0.23+13.04%Beat-23.5%
    Jun 18
    Reported Aug 1
    $0.27$0.23+17.39%Beat-32.5%
    Mar 18
    Reported May 2
    $0.17$0.16+6.25%Beat-29.2%
    Dec 17
    Reported Feb 7
    $0.24$0.27-11.11%Miss+20.0%
    Sep 17
    Reported Oct 31
    $0.34$0.32+6.25%Beat-
    Jun 17
    Reported Aug 2
    $0.40$0.28+42.86%Beat-
    Mar 17
    Reported May 3
    $0.24$0.20+20.00%Beat-
    Dec 16
    Reported Feb 8
    $0.20$0.19+5.26%Beat-

    Key Metrics

    Valuation
    P/E Ratio54.23EV/EBITDA57.06x
    Price/FCF64.98xFCF Yield1.54%
    Profitability
    Profit Margin12.80%Operating Margin24.10%
    ROE11.00%ROIC9.12%
    Financial Health
    Debt/Equity0.01xInterest Coverage72.65x
    Current Ratio4.08xQuick Ratio3.34x
    Trading Statistics
    Beta1.18Avg Volume1.96M
    52-Week High$160.2752-Week Low$40.60

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$134.65
    SMA 20$133.26
    SMA 50$120.63
    SMA 200$111.97
    EMA 10$129.18
    EMA 20$129.11
    EMA 50$123.88
    EMA 200$107.58

    MACD

    Line: 2.06Signal: 5.54Hist: -3.48

    ADX

    ADX: 21.8+DI: 20.3-DI: 37.9

    Aroon & PSAR

    Aroon Up64.0
    Aroon Down12.0
    PSAR$143.50

    Bollinger Bands

    Upper Band$155.04
    Lower Band$111.47
    %B Position3270%(Upper)
    Band Width0.04

    RSI (14-Day)

    Neutral
    37.9

    Momentum Oscillators

    Stoch %K13.4
    Stoch %D22.4
    Williams %R-84.7
    ROC (10d)-23.6%
    Momentum-35.10
    CCI (20d)-153.2
    MFI (14d)23.4

    Volatility Measures

    ATR (14d)$8.09(7.1%)
    StdDev (20d)10.89
    Hist Vol67.9%(High)

    Volume Flow

    VWAP$111.39
    OBV9.1M
    AD Line8.4M
    CMF (20d)0.219

    Volume Metrics

    Avg Vol (20d)2.1M
    Vol Ratio0.9x
    VWMA (20d)$137.96

    Pivot Points

    R3$131.89
    R2$129.09
    R1$124.40
    Pivot Point$121.60
    S1$116.91
    S2$114.11
    S3$109.42

    Advanced Oscillators

    TSI7.68
    Ultimate Osc45.3
    KST201.05

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$258.24M$226.14M$215.16M$202.68M$195.80M$171.36M$189.48M$207.92M$197.47M$168.72M$168.16M$171.57M
    Cost of Revenue$127.32M$139.35M$124.40M$122.05M$122.86M$106.83M$115.90M$123.21M$110.57M$105.99M$100.23M$102.29M
    Gross Profit$130.92M$86.79M$90.76M$80.63M$72.94M$64.52M$73.58M$84.70M$86.90M$62.74M$67.93M$69.28M
    Operating Expenses$73.12M$70.15M$67.27M$62.62M$60.63M$61.25M$65.73M$66.85M$69.44M$61.71M$59.62M$66.58M
    R&D$31.10M$30.78M$30.40M$28.69M$28.79M$27.80M$30.50M$31.24M$31.56M$28.63M$28.17M$31.01M
    SG&A$37.16M$32.29M$34.81M$32.97M$31.48M$33.45M$35.23M$35.61M$37.87M$33.08M$31.45M$35.56M
    Operating Income$57.80M$16.65M$23.49M$18.00M$12.31M$3.27M$7.85M$17.86M$17.77M$21.30M$81.27M$2.71M
    Interest Income$2.24M$1.52M$0$1.17M$-3,484,000$0$0$0$0$0$0$0
    Interest Expense$-2,683,000$-2,174,000$8.46M$-1,976,000$-2,642,000$-3,317,000$10.64M$-3,650,000$-3,415,000$-3,156,000$4.84M$-1,662,000
    Income Before Tax$60.69M$19.26M$26.55M$20.43M$14.94M$7.48M$11.94M$20.95M$21.55M$24.98M$82.10M$5.16M
    Income Tax Expense$6.73M$396,000$3.62M$5.94M$2.37M$1.07M$2.23M$2.21M$2.15M$3.20M$6.25M$786,000
    Net Income$56.21M$20.38M$23.22M$15.66M$9.09M$6.40M$9.71M$18.74M$19.39M$21.78M$75.85M$4.37M
    EBITDA$66.98M$26.26M$26.59M$33.45M$21.86M$12.99M$16.94M$26.85M$26.45M$29.66M$85.93M$12.53M
    EBIT$58.01M$17.09M$24.36M$18.45M$12.30M$4.16M$8.16M$17.30M$18.44M$21.82M$79.72M$3.50M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $108043
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    4
    New Awards (TTM)
    2
    Avg Remaining Term
    8.6 mo

    Top agency: Department of Commerce at 78.5% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    1333ND25PNB670346Department of CommerceNational Institute of Standards and Technology$59920Sep 5, 2025
    1333ND25PNB670480Department of CommerceNational Institute of Standards and Technology$24936Sep 18, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    FORM Valuation and Fair Value

    P/E
    54.2x
    Forward P/E
    36.6x
    EV/EBITDA
    57.1x
    P/FCF
    65.0x
    PEG
    1.4x
    P/B
    8.0x
    See GNG's fair value

    FORM Profitability: Margins, ROIC and FCF

    Gross margin
    43.1%
    Operating margin
    24.1%
    Net margin
    12.8%
    ROIC
    9.1%
    ROE
    11.0%
    FCF margin
    15.1%
    FCF yield
    1.5%

    FORM Analyst Ratings

    Consensus
    Buy
    Analysts
    11
    Strong Buy
    0
    Buy
    6
    Hold
    5
    Sell
    0
    Strong Sell
    0

    FORM Bull Case vs Bear Case

    Bull case

    • FORM converts 15.1% of revenue into free cash flow.
    • FORM beat EPS estimates in 75.0% of its last 8 reported quarters.
    • FORM grew quarterly revenue 31.9% year over year.

    Bear case

    • FORM trades at 54.2x trailing earnings.

    FORM Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    19.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.86
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    7 up, 0 down

    Frequently Asked Questions About FORM

    Does FORM pay dividends?

    FormFactor Inc (FORM) does not currently pay a regular dividend.

    What is FORM's P/E ratio?

    FormFactor Inc has a price-to-earnings (P/E) ratio of 54.23.

    What is FORM's market cap?

    FormFactor Inc (FORM) has a market capitalization of $9.33B with a current stock price of $113.34.

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