
FormFactor, Inc.
FORMNASDAQTechnologySemiconductors
Latest quote
$107.9
−$6.26 · -5.48%
After-hours
$108
+$0.10 · +0.09%
Aug 24, 4:15 PM ET
FORM company overview
Regular session · ET · Market data may be delayed.
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GoAI score
Sell
Trim exposure — unfavorable risk-reward
Valuation
9
Overpriced
Momentum
41
Neutral
Sentiment
60
Mixed
Risk resilience
46
Elevated Risk
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Company profile
Company websiteFormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.
- Industry
- Semiconductors
- Sector
- Technology
- Headquarters
- US
- CEO
- Michael D. Slessor
- Listed since
- Jun 12, 2003
- Employees
- 2,153
Market position
Day range
Current $107.9
52-week range
Current $107.9
- Open
- $110.63
- Previous close
- $114.16
- Volume
- 1.23M
- 0.69× average
- Average volume
- 1.78M
- Average daily volume
- Market cap
- 8.41B USD
- Beta
- 1.25
- Market reference 1
- 50-day average
- $122.31
- -11.78% below average
- 200-day average
- $99.4956
- +8.45% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 4.43B USD
- P/E (TTM)
- 72.91×
- P/B (TTM)
- 7.57×
- P/S (TTM)
- 9.32×
- EV / EBITDA
- 38.6×
- Earnings yield
- 1.21%
- Free cash flow yield
- 0.26%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 45.64%
- Operating margin
- 16.86%
- Net margin
- 12.80%
- Return on equity
- 5.25%
- Return on assets
- 4.44%
- Return on invested capital
- 4.67%
Financial health
- Debt / equity
- 0.03×
- Current ratio
- 4.5×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 784.99M USD | 763.6M USD | 663.1M USD | 747.94M USD | 769.67M USD |
| Cost of goods sold | 477.78M USD | 455.68M USD | 404.52M USD | 451.93M USD | 446.91M USD |
| Gross profit | 307.21M USD | 307.92M USD | 258.58M USD | 296.01M USD | 322.77M USD |
| Research and development | 115.92M USD | 121.94M USD | 115.77M USD | 109.22M USD | 100.94M USD |
| Selling, general, and administrative | 127.07M USD | 141.79M USD | 133.01M USD | 131.88M USD | 123.79M USD |
| Operating expenses | 242.99M USD | 243.14M USD | 175.82M USD | 241.1M USD | 224.73M USD |
| Interest income | 10.64M USD | 14.11M USD | 7.22M USD | 2.22M USD | 569K USD |
| Interest expense | 521K USD | 418K USD | 421K USD | 579K USD | 602K USD |
| Depreciation and amortization | 46.93M USD | 32.9M USD | 37.45M USD | 38.04M USD | 44.52M USD |
| Operating income | 64.22M USD | 64.78M USD | 82.76M USD | 54.91M USD | 98.04M USD |
| Net income | 54.36M USD | 69.61M USD | 82.39M USD | 50.74M USD | 83.92M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 64%
- 7 beats, 3 misses, 1 met estimate
- Average EPS surprise
- +13.38%
- 11 comparable reports
- Latest EPS result
- 0.82
- Estimate 0.61 · Beat by 34.65%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$150.5
39.48% upsideFORM peers
ETFs holding FORM
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Small-Cap ETFIJR655.12M0.58%111.19B USD0.06%$146.77-0.37%
Vanguard Morningstar Total Stock Market ETFVTI263.8M0.01%2.3T USD0.03%$377.07-0.31%
Vanguard Morningstar Small-Cap ETFVB190.38M0.10%183.4B USD0.03%$302.9-0.61%
Vanguard Information Technology ETFVGT121.43M0.08%160.2B USD0.09%$116.42-1.69%
Vanguard Morningstar Small-Cap Growth ETFVBK110.15M0.25%43.8B USD0.05%$354.85-1.06%
iShares S&P Small-Cap 600 Growth ETFIJT99.67M1.18%8.22B USD0.18%$173.32-0.33%
Vanguard Extended Market ETFVXF95.39M0.10%93.7B USD0.05%$243.43-0.86%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM83.17M0.49%17.03B USD0.03%$57.06-0.38%
iShares Core S&P Small-Cap ETFIJR- Market value
- 655.12M
- Weight
- 0.58%
- AUM
- 111.19B USD
- Expense ratio
- 0.06%
- Price / 1D
- $146.77-0.37%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 263.8M
- Weight
- 0.01%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $377.07-0.31%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 190.38M
- Weight
- 0.10%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $302.9-0.61%
Vanguard Information Technology ETFVGT- Market value
- 121.43M
- Weight
- 0.08%
- AUM
- 160.2B USD
- Expense ratio
- 0.09%
- Price / 1D
- $116.42-1.69%
Vanguard Morningstar Small-Cap Growth ETFVBK- Market value
- 110.15M
- Weight
- 0.25%
- AUM
- 43.8B USD
- Expense ratio
- 0.05%
- Price / 1D
- $354.85-1.06%
iShares S&P Small-Cap 600 Growth ETFIJT- Market value
- 99.67M
- Weight
- 1.18%
- AUM
- 8.22B USD
- Expense ratio
- 0.18%
- Price / 1D
- $173.32-0.33%
Vanguard Extended Market ETFVXF- Market value
- 95.39M
- Weight
- 0.10%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $243.43-0.86%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM- Market value
- 83.17M
- Weight
- 0.49%
- AUM
- 17.03B USD
- Expense ratio
- 0.03%
- Price / 1D
- $57.06-0.38%
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