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FormFactor, Inc.

FORM · NASDAQ

Market closed$105.57$-1.54 (-1.44%)After hours $104.82 · -0.71%

Key statistics

Previous close$107.11
Open$100.11
Day high$108.00
Day low$97.28
52-week high$160.27
52-week low$26.08
Market cap8.23B
Volume1.79M
Average volume1.99M
P/E ratio65.17
Forward P/E—
EPS1.62
Dividend yield0.00%

Market context

Why it moved

FormFactor (FORM) shares declined as a broad semiconductor and technology selloff swept global markets, with chip stocks under pressure amid growing concerns about AI spending and overvaluation, compounded by analyst warnings that FORM's current valuation already reflects overly optimistic expectations.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026FormFactor declined amid a broad-based semiconductor sector sell-off, with the PHLX Semiconductor Index tumbling ~5% on the week as investors rotated out of chip stocks despite solid earnings from sector bellwethers like TSMC. The market-wide reassessment of stretched AI-driven valuations, compounded by TSMC's higher-than-expected capex guidance and geopolitical tensions from escalating U.S.-Iran strikes, weighed on FormFactor shares — even as the company's own fundamentals remain constructive, with Q1 EPS of $0.56 beating estimates by $0.11, revenue up 31.9% year-over-year, and a consensus Moderate Buy rating with a $132.45 average price target.

-1.4378

July 17, 2026FormFactor tumbled sharply, caught in a broad semiconductor sector selloff triggered by valuation concerns and profit-taking across chip stocks, even as TSMC reported record quarterly profits with a 77% surge in net income. The sector-wide de-rating reflected investor anxiety over lofty AI-driven multiples — TSMC's concurrent capex guidance raise to $60–64 billion raised fears of margin compression, while reports of CoreWeave exploring hedges against memory price declines and New York halting new data center approvals added to near-term caution. Despite the pullback, Wall Street consensus on FormFactor remains constructive at Moderate Buy with an average price target of $132.45, well above current levels, following a strong Q1 beat (EPS $0.56 vs. $0.45 est.) and 31.9% revenue growth.

-7.5123

July 16, 2026FormFactor closed modestly lower amid a volatile session for semiconductor stocks, as the broader sector digested a choppy mix of macro tailwinds and earnings crosscurrents. While softer-than-expected June CPI data and bullish ASML results lifted chip peers, FormFactor faces its own valuation debate—trading at roughly 47x forward P/E after a 111% YTD rally—with a recent bearish note flagging below-average gross margins and free cash flow, even as a 'Moderate Buy' consensus and $132.45 average price target reflect solid Q1 results where EPS of $0.56 beat estimates by $0.11.

-0.447

July 15, 2026FormFactor surged amid a broader semiconductor sector rally sparked by a cooler-than-expected June CPI report, which showed headline inflation falling to 3.5% and eased fears of imminent Fed rate hikes — a relief for high-multiple chip stocks after recent sector weakness. The stock's 111% YTD gain and strong Q1 results (31.9% revenue growth, EPS beat) continue to draw investor attention, while TSMC's upcoming Q2 earnings on July 16 are seen as a key catalyst for test-and-measurement names like FormFactor that benefit from semiconductor fab capacity expansion.

5.4669

July 14, 2026FormFactor tumbled alongside a broad semiconductor sector selloff, as SK Hynix's 14% plunge in South Korea sparked fresh AI trade anxiety and profit-taking across chip names. The decline came despite FormFactor's strong YTD run of over 110% and a Moderate Buy consensus with an average analyst target of $132.45, as macro headwinds — including renewed U.S.-Iran military tensions sending oil prices surging ~5% — weighed on risk sentiment ahead of a critical earnings week featuring TSMC and major banks.

-6.1436

July 11, 2026FormFactor shares declined modestly on Friday, giving back a portion of the prior session's 5.2% surge that was fueled by a broad semiconductor rebound and renewed AI/HBM enthusiasm. The pullback came as chip stocks faced a sector-wide reset, with semiconductor names retreating after Thursday's outsized rally and amid lingering macro uncertainty tied to U.S.-Iran tensions and concerns over AI spending sustainability — a theme highlighted by Samsung's recent earnings-driven selloff. Investor attention is now squarely focused on FormFactor's Q2 2026 earnings call scheduled for July 29, where the company is expected to report on its record ~$240M revenue guidance, with analysts holding a median price target of $152.50 and the company's HBM-driven DRAM test momentum remaining a key bullish catalyst.

-1.6075

July 10, 2026FormFactor surged 7%, rebounding sharply after the broader semiconductor sector was hit by a selloff earlier this week tied to Samsung's record earnings failing to satisfy lofty AI expectations. The rebound comes as investors refocus on FormFactor's strong fundamental backdrop — a record Q1 2026 with revenue up 32% year-over-year, ~$240M Q2 guidance, and deep exposure to HBM and AI-driven semiconductor test demand — with a Q2 earnings call now scheduled for July 29. The XLK technology ETF was little changed on the day, underscoring FormFactor's sharp relative outperformance as it continues to extend its Russell 1000 inclusion tailwind.

7.0347

July 9, 2026FormFactor surged over 5% — outperforming the broader technology sector (XLK essentially flat) and rebounding sharply from Tuesday's semiconductor selloff — after the company announced a $24 million grant from the Texas IC Fund to expand its probe card manufacturing site. The catalyst arrives ahead of FormFactor's Q2 2026 earnings call scheduled for July 29, with consensus expecting record DRAM probe card revenue driven by accelerating HBM4 demand. The stock's recovery is notable given Tuesday's broad chip sector rout tied to Samsung's earnings and DeepSeek competition fears, with FormFactor's AI testing exposure and recent Russell 1000 index addition reinforcing renewed investor confidence.

5.224

Simply Wall Street · July 17, 2026FormFactor (FORM) Stock Looks Fully Priced Despite Strong 3 Year ReturnsMoomoo · July 15, 2026If EPS Growth Is Important To You, FormFactor (NASDAQ:FORM) Presents An OpportunityStock Titan · March 5, 2026Semiconductor tester FormFactor plans May 11 Investor Day in NYC
Mt Newswire · June 24, 2026FormFactor Added to Russell 1000 Index Effective June 29
Benzinga · June 24, 2026FormFactor To Be Added To The US Large-Cap Russell US 1000 Index, Effective On June 29th
Benzinga · June 17, 2026FormFactor Director Sold $424K In Company Stock
Benzinga · June 12, 2026B. Riley Securities Upgrades FormFactor to Buy, Maintains Price Target to $165
Mt Newswire · June 12, 2026B. Riley Upgrades FormFactor to Buy From Neutral, Keeps $165 Price Target
Mt Newswire · June 12, 2026FormFactor Insider Sold Shares Worth $1,442,897, According to a Recent SEC Filing
Benzinga · June 5, 2026Evercore ISI Group Upgrades FormFactor to Outperform, Maintains Price Target to $155
Mt Newswire · June 5, 2026Evercore ISI Upgrades FormFactor to Outperform From In Line, Price Target is $155

Peers

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