Zacks Research Has Optimistic View of FormFactor Q1 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at Zacks Research increased their Q1 2026 earnings per share estimates for shares of FormFactor in a report released on Wednesday, February 25th. Zacks Research analyst Team now forecasts that the semiconductor company will earn $0.32 per share for the quarter, up from their prior estimate of $0.18. 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 Q2 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.18 EPS, Q1 2027 earnings at $0.39 EPS, Q2 2027 earnings at $0.38 EPS, Q3 2027 earnings at $0.39 EPS and FY2027 earnings at $1.58 EPS.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The business had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS.

Other equities research analysts have also recently issued research reports about the stock. Freedom Capital upgraded shares of FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Northland Securities set a $70.00 price target on shares of FormFactor in a report on Thursday, February 5th. Craig Hallum reiterated a “buy” rating and issued a $90.00 price target on shares of FormFactor in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a report on Thursday, January 22nd. Finally, TD Cowen lifted their target price on FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $80.91.

FormFactor Stock Up 1.2%

NASDAQ FORM opened at $98.88 on Monday. FormFactor has a 12 month low of $22.58 and a 12 month high of $107.04. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.70 billion, a PE ratio of 143.31 and a beta of 1.03. The stock’s 50 day moving average is $77.36 and its 200 day moving average is $54.97.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in FormFactor in the third quarter worth about $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in shares of FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FormFactor by 84.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in FormFactor by 547.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 882 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Activity at FormFactor

In other news, Director Sheri Rhodes sold 7,634 shares of the 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 sale, the director owned 10,356 shares of the company’s stock, valued at approximately $959,069.16. This represents a 42.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin J. Brewer sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total transaction of $288,600.00. Following the completion of the sale, the director owned 8,105 shares of the company’s stock, valued at $779,701. This trade represents a 27.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,562 shares of company stock worth $7,873,371 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

FormFactor News Summary

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.