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FormFactor, Inc. Stock Price

NasdaqGS:FORM Community·US$7.3b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 24 Fair Values set on narratives written by author

FORM Share Price Performance

US$96.12
61.51 (177.72%)
US$67.88
Fair Value
US$96.12
61.51 (177.72%)
41.6% overvalued intrinsic discount
US$67.88
Fair Value
Price US$96.12
AnalystConsensusTarget US$67.88
AnalystHighTarget US$88.00
AnalystLowTarget US$64.00

FORM Community Narratives

AnalystConsensusTarget·
Fair Value US$67.88 41.6% overvalued intrinsic discount

Artificial Intelligence Demand Will Outweigh Smartphone And PC Market Weakness

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AnalystHighTarget·
Fair Value US$88 9.2% overvalued intrinsic discount

AI And Digital Transformation Will Fuel Advanced Chip Testing Expansion

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AnalystLowTarget·
Fair Value US$64 50.2% overvalued intrinsic discount

Adverse Mix And Tariffs Will Erode Semiconductor Margins

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US$64
50.2% overvalued intrinsic discount
Revenue
6.89% p.a.
Profit Margin
15.01%
Future PE
47.27x
Price in 2029
US$85.98
US$88
9.2% overvalued intrinsic discount
Revenue
9.67% p.a.
Profit Margin
23.02%
Future PE
39.65x
Price in 2029
US$115.96

Trending Discussion

Updated Narratives

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FORM: Elevated Earnings Expectations Will Likely Expose Downside Risk

Fair Value: US$64 50.2% overvalued intrinsic discount
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FORM: Future Returns Will Depend On Facility Ramp And Margin Execution

Fair Value: US$67.88 41.6% overvalued intrinsic discount
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FORM: High Bandwidth Memory Upside Will Support Stronger Margins Into 2026

Fair Value: US$88 9.2% overvalued intrinsic discount
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Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

1 Risk
1 Reward

FormFactor, Inc. Key Details

US$785.0m

Revenue

US$477.4m

Cost of Revenue

US$307.6m

Gross Profit

US$253.2m

Other Expenses

US$54.4m

Earnings

Last Reported Earnings
Dec 27, 2025
Next Reporting Earnings
n/a
0.70
39.18%
6.93%
1.2%
View Full Analysis

About FORM

Founded
1993
Employees
2153
CEO
Michael Slessor
WebsiteView website
www.formfactor.com

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers’ representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.

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