Zacks Research Has Positive View of FormFactor Q3 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at Zacks Research boosted their Q3 2026 earnings per share estimates for shares of FormFactor in a research note issued to investors on Wednesday, February 25th. Zacks Research analyst Team now anticipates that the semiconductor company will earn $0.29 per share for the quarter, up from their previous estimate of $0.26. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share. Zacks Research also issued estimates for FormFactor’s Q4 2027 earnings at $0.40 EPS and FY2028 earnings at $1.82 EPS.

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 analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The business had revenue of $215.16 million during the quarter, compared to analyst estimates of $210.29 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS.

Other analysts have also issued reports about the company. Freedom Capital upgraded FormFactor to a “hold” rating in a report on Tuesday, January 27th. Northland Securities set a $70.00 price target on FormFactor in a research note on Thursday, February 5th. Citigroup lifted their price target on FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Stifel Nicolaus increased their price objective on FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Finally, Evercore raised their price objective on shares of FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, FormFactor currently has a consensus rating of “Moderate Buy” and an average price target of $80.91.

FormFactor Trading Up 1.2%

Shares of NASDAQ:FORM opened at $98.88 on Friday. The firm has a fifty day moving average of $77.36 and a two-hundred day moving average of $54.63. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. FormFactor has a 12-month low of $22.58 and a 12-month high of $107.04. The firm has a market capitalization of $7.70 billion, a P/E ratio of 143.31 and a beta of 1.11.

Institutional Investors Weigh In On FormFactor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock worth $1,303,000 after buying an additional 2,001 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after acquiring an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of FormFactor by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 8,194 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FormFactor

In other news, Director Sheri Rhodes sold 7,634 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.61, for a total value of $706,984.74. Following the completion of the sale, the director directly owned 10,356 shares in the company, valued at approximately $959,069.16. The trade was a 42.43% 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 Kevin J. Brewer sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total transaction of $288,600.00. Following the sale, the director directly owned 8,105 shares of the company’s stock, valued at approximately $779,701. This represents a 27.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 102,562 shares of company stock worth $7,873,371. 0.90% of the stock is currently owned by company insiders.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research raised near-term EPS estimates and reiterated a Strong-Buy, lifting Q3 2026 and Q4 2027 forecasts and projecting stronger FY2028 earnings — this boosts expectations for continued earnings momentum and supports the stock.
• Positive Sentiment: A bullish Seeking Alpha piece argues FormFactor is entering an HBM4-driven earnings inflection, framing current valuation as justified by accelerating demand for advanced memory test solutions. Article Title
• Neutral Sentiment: Brokerage consensus remains favorable overall (average “Moderate Buy”) with mixed price targets; this provides a backdrop of analyst support but varied upside expectations. Article Title
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares (appears to be a data glitch), so short-squeeze dynamics are not a meaningful driver today.
• Negative Sentiment: Insider selling: Director Brian White sold 2,300 shares for ~$230k, reducing his stake by ~18% — while not large versus market cap, insider sales can be perceived as a mild negative signal. Article Title
• Negative Sentiment: Sector/headline volatility: a news roundup noted sharp moves in FormFactor and peer names, which likely caused intraday pressure and higher intraday volume — investors should watch whether weakness is idiosyncratic or part of broader chip-sector swings. Article Title

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.