Northland Securities Predicts FormFactor Q3 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at Northland Securities increased their Q3 2026 earnings per share (EPS) estimates for FormFactor in a research report issued on Thursday, February 5th. Northland Securities analyst G. Richard now expects that the semiconductor company will post earnings per share of $0.35 for the quarter, up from their prior forecast of $0.33. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share. Northland Securities also issued estimates for FormFactor’s Q1 2027 earnings at $0.39 EPS, Q2 2027 earnings at $0.38 EPS, Q3 2027 earnings at $0.34 EPS and FY2027 earnings at $1.39 EPS.

A number of other brokerages also recently weighed in on FORM. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday. Piper Sandler set a $100.00 price objective on shares of FormFactor in a research report on Monday, February 2nd. Finally, Loop Capital set a $64.00 target price on shares of FormFactor in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Up 7.7%

FormFactor stock opened at $90.29 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The company’s 50-day moving average is $65.42 and its 200-day moving average is $48.02. The firm has a market capitalization of $7.00 billion, a PE ratio of 130.86 and a beta of 1.11. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $92.58.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data 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 return on equity of 6.64% and a net margin of 6.93%.The company had revenue of $215.16 million for the quarter, compared to analysts’ expectations of $210.29 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’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.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. Salomon & Ludwin LLC bought a new position in shares of FormFactor in the third quarter worth $25,000. Torren Management LLC acquired a new stake in FormFactor during the fourth quarter worth about $41,000. Jones Financial Companies Lllp grew its stake in FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after buying an additional 453 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in FormFactor by 547.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 882 shares during the period. Finally, State of Wyoming raised its position in shares of FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 261 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FormFactor news, CEO Mike Slessor sold 13,088 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the transaction, the chief executive officer owned 472,907 shares in the company, valued at $36,323,986.67. This represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kelley Steven-Waiss sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total transaction of $151,119.00. Following the transaction, the director directly owned 32,779 shares in the company, valued at $1,834,640.63. This represents a 7.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 73,466 shares of company stock worth $4,683,377 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 beat and HBM-driven strength — FORM reported Q4 EPS of $0.46 vs. consensus $0.35 and revenue of $215.16M (up ~13.6% YoY); management highlighted record HBM demand as a growth driver. Read More.
• Positive Sentiment: Raised Q1/2026 outlook — Management set Q1 EPS guidance of $0.410–$0.490 and revenue guidance of $220–$230M, well above Street estimates, signaling stronger near‑term revenue and margin expansion. Read More.
• Positive Sentiment: Analyst support — Citi raised its price target to $98 with a Buy rating, reinforcing the bullish case after the quarter and expectations for continued HBM/data‑center strength. Read More.
• Neutral Sentiment: Investor briefings and transcripts available — The full earnings‑call transcript and slide presentation provide color on product demand, supply chain cadence and margin drivers for investors doing deeper due diligence. Read More.
• Negative Sentiment: Mixed analyst signals — Evercore raised its target to $80 but kept an “in‑line” rating; that target sits below the recent market price, which could temper upside for some investors. Read More.
• Negative Sentiment: Short‑term skepticism in some coverage — A few outlets noted that despite beats and guidance, shares briefly dipped in parts of the session, reflecting profit‑taking or cautious positioning by some investors. Read More.

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.