FormFactor to Announce Q4 Earnings on February 4

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 4d ago

0mins

FORM+7.65%

Should l Buy FORM?

Source: seekingalpha

Earnings Announcement: FormFactor (FORM) is set to release its Q4 2023 earnings on February 4 after market close, with consensus EPS estimates at $0.35, reflecting a 29.6% year-over-year increase, indicating ongoing improvements in profitability.
Revenue Growth Expectations: Analysts project revenue to reach $210.6 million, marking an 11.1% year-over-year increase, showcasing the company's robust performance and demand growth in the semiconductor testing market.
Historical Performance Review: Over the past two years, FormFactor has beaten EPS estimates 50% of the time and revenue estimates 88% of the time, demonstrating stability in financial performance and market confidence.
Market Analysis Insights: Recent analyses suggest that FormFactor is benefiting from the memory shortage trend, which is expected to drive future performance growth and further solidify its competitive position in the technology sector.

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Analyst Views on FORM

Wall Street analysts forecast FORM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FORM is 57.00 USD with a low forecast of 42.00 USD and a high forecast of 78.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

10 Analyst Rating

5 Buy

5 Hold

0 Sell

Moderate Buy

Current: 83.870

Low

42.00

Averages

57.00

High

78.00

Current: 83.870

Low

42.00

Averages

57.00

High

78.00

TD Cowen

Hold

maintain

$50 -> $80

2026-02-05

New

Reason

TD Cowen

Price Target

$50 -> $80

AI Analysis

2026-02-05

New

maintain

Hold

Reason

TD Cowen raised the firm's price target on FormFactor to $80 from $50 and keeps a Hold rating on the shares. The firm said they reported a quarterly beat and raise driven by continued strength in DRAM probe card demand and expanding opportunities in F/L.

Stifel

Hold

maintain

$65 -> $75

2026-02-05

New

Reason

Stifel

Price Target

$65 -> $75

2026-02-05

New

maintain

Hold

Reason

Stifel raised the firm's price target on FormFactor to $75 from $65 and keeps a Hold rating on the shares following Q4 revenue being reported at the high-end of the guidance range and EPS coming in above the high-end of the range. The "only remaining nit to pick here might be valuation/entry point," the analyst says.

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About FORM

FormFactor, Inc. is a provider of essential test and measurement technologies along the full semiconductor product lifecycle, from characterization, modeling, reliability, and design de-bug to qualification and production test. The Company provides a range of high-performance probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Its products provide electrical and optical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. It operates in two segments: Probe Cards and the Systems. The Probe Cards segment includes sales of its probe cards and analytical probes. The Systems segment includes sales of its probe stations, thermal systems and cryogenic systems. It also offers optical probing technology for silicon photonics (SiPh) and co-packaged optics (CPO) wafer testing.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

FormFactor Reports Strong Q4 Results and Upbeat Guidance

2 days agoBenzinga

Strong Earnings: FormFactor reported Q4 earnings of $0.46 per share, exceeding the market expectation of $0.35 and significantly up from $0.27 a year ago, indicating a notable improvement in profitability.
Revenue Growth: The company achieved Q4 revenue of $215.16 million, a 13.6% year-over-year increase, surpassing analyst expectations and reflecting robust market demand recovery.
Optimistic Outlook: FormFactor expects Q1 adjusted earnings between $0.41 and $0.49 per share, well above the $0.32 projected by analysts, with revenue guidance of $220 million to $230 million, showcasing strong growth potential.
Strong Technical Setup: FormFactor's stock is currently trading above key moving averages, indicating strong bullish momentum, with a 105.17% increase over the past 12 months, nearing its 52-week high, reflecting market confidence in its future performance.

FormFactor Exceeds Q4 2025 Revenue and Margin Expectations

3 days agoseekingalpha

Strong Performance: FormFactor reported Q4 2025 revenues of $215.2 million, exceeding expectations and reflecting a 24.5% increase from Q3, while achieving a GAAP gross margin of 42.2%, up 2.4 percentage points sequentially, indicating robust market performance and growth potential.
Optimistic Outlook: Management projects Q1 2026 revenues around $225 million, with gross margins expected to reach 45%, demonstrating confidence in ongoing operational improvements and tariff mitigation efforts, which are anticipated to further enhance profitability.
Market Leadership: CEO Slessor highlighted record performance in the DRAM probe card market, particularly in HBM, forecasting another record-breaking quarter, reflecting strong demand and market share growth in high-performance computing and advanced packaging sectors.
Strategic Investment and Acquisition: The December acquisition of Keystone Photonics enhances FormFactor's technological leadership in co-packaged optics testing, indicating the company's ongoing commitment to innovation and market expansion aimed at capturing future growth opportunities.

FormFactor (FORM) Q4 2025 Earnings Call Transcript

3 days agoNASDAQ.COM

FormFactor Q4 Earnings Exceed Expectations with Strong Revenue Growth

3 days agoseekingalpha

Earnings Beat: FormFactor reported a Q4 non-GAAP EPS of $0.46, surpassing expectations by $0.11, indicating strong performance and improved profitability in the semiconductor testing sector.
Significant Revenue Growth: The company achieved Q4 revenue of $215.1 million, reflecting a 13.5% year-over-year increase and exceeding market expectations by $4.5 million, showcasing sustained demand in the market.
Optimistic Outlook: For Q1 2026, FormFactor projects revenue to fluctuate around $225 million with a gross margin target of 34%, reflecting confidence in future market demand and ongoing profitability.
Increased Net Income Expectations: The anticipated net income per diluted share is $0.34, significantly higher than the previous year, indicating improvements in cost control and operational efficiency that will drive future profitability.