LIVERMORE, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kevin Brewer, a director of FormFactor, Inc. ("FormFactor") since 2024, notified FormFactor of his decision to retire from service on our Board of Directors ("Board") following the completion of his current term. Consequently, Mr. Brewer will not stand for re-election to our Board at our 2026 Annual Meeting of Stockholders, which FormFactor anticipates holding on May 15, 2026. Mr. Brewer’s decision to not stand for re-election is not due to any disagreeme ...

High-rolling investors have positioned themselves bearish on FormFactor (NASDAQ:FORM), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FORM often signals that someone has privileged information.Today, Benzinga's options scanner spotted 13 options trades for FormFactor. This is not a typical pattern.The sentiment among th ...

Core Viewpoint - FormFactor, Inc. (NASDAQ: FORM) is identified as a potentially undervalued investment opportunity, often overlooked due to its perceived boring nature, but has the potential for significant returns when market interest shifts [1]. Company Analysis - The company operates in a niche market that is essential for semiconductor manufacturing, providing critical tools and technologies [1]. - The analysis emphasizes a "quantamental" approach, combining quantitative data models with fundamental research to assess the company's financial health and growth potential [1]. Investment Strategy - The structured investment process involves both top-down market screening and bottom-up analysis of specific companies, aiming to uncover unique investment ideas [1]. - The goal is to make in-depth research accessible to both retail and professional investors, enhancing the understanding of FormFactor's market position and financial profile [1].

Company Overview - FormFactor (FORM) currently holds a Momentum Style Score of B, indicating a positive outlook based on its recent performance metrics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, shares of FORM have increased by 28.09%, while the Zacks Electronics - Semiconductors industry has remained flat [5] - In a longer time frame, FORM's shares have risen by 28.6% over the past month, significantly outperforming the industry's 2.52% [5] - Over the last quarter, FORM's shares have surged by 91.66%, and they have increased by 166.65% over the past year, compared to the S&P 500's gains of 1.86% and 15.7%, respectively [6] Trading Volume - The average 20-day trading volume for FORM is 1,741,004 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 6 earnings estimates for FORM have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $1.51 to $1.77 [9] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, strong earnings revisions, and favorable trading volume, FORM is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [11]

FormFactor (FORM) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this integrated circuits diagnostic company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ear ...

Welcome back to Market on Close. I'm Sam Vardis live on the floor of the New York Stock Exchange. It's time now for overlooked stocks.Shares of Form Factor have surged to an all-time high. So, let's more learn more about this one. I'm joined by George Sil, senior markets correspondent to do just that.And we've had some earnings out recently. A pretty strong uh showing here, but this has got a bit of a memory flavor to it as well. George, talk us through that.>> It does. I mean we talk about semiconductors a ...

Key Takeaways FormFactor posted Q4 EPS of 46 cents, up 70.4% year over year, beating estimates by nearly 33%.FORM revenues rose 13.6% year over year to $215.2M, led by probe card growth and higher DRAM and Flash sales.FORM guided Q1 revenues of $225M and EPS of 45 cents, well above current consensus expectations.FormFactor (FORM) reported fourth-quarter 2025 non-GAAP earnings of 46 cents per share, comfortably surpassing the Zacks Consensus Estimate by 32.95%. The bottom line increased 70.4% year over year. ...

分组1 - FormFactor reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and up from $0.27 per share a year ago, representing an earnings surprise of +32.95% [1] - The company achieved revenues of $215.16 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.42%, and an increase from year-ago revenues of $189.48 million [2] - FormFactor has outperformed the S&P 500, with shares increasing about 33.9% since the beginning of the year compared to the S&P 500's gain of 1.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $201.79 million, and for the current fiscal year, it is $1.53 on revenues of $858.88 million [7] - The Electronics - Semiconductors industry, to which FormFactor belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Financial Data and Key Metrics Changes - FormFactor's Q4 2025 revenues reached $215.2 million, exceeding the outlook range of $205 million to $215 million, marking a record for both quarterly and annual revenue [24][30] - GAAP gross margins for Q4 were 42.2%, up 240 basis points from 39.8% in Q3, while non-GAAP gross margins were 43.9%, a 290 basis point increase from 41% in Q3 [24][25] - GAAP net income for Q4 was $23.2 million, or $0.29 per diluted share, compared to $15.7 million, or $0.20 per diluted share in Q3 [26] - Free cash flows in Q4 were $34.7 million, up from $19.7 million in Q3, demonstrating improved cash-generating power [27] Business Line Data and Key Metrics Changes - In the DRAM probe card segment, sequential growth was achieved, driven by non-HBM applications like DDR4 and DDR5, with expectations for record growth in HBM applications in Q1 [7][8] - The probe card segment's gross margins improved by 364 basis points to 44.5%, while the systems segment saw a decline of 50 basis points [25] - The systems segment experienced a sequential revenue increase in Q4, driven by customer investments in co-packaged optics and quantum computing, although a seasonal reduction in demand is expected in Q1 [14][15] Market Data and Key Metrics Changes - The demand for DRAM, particularly HBM, is expected to continue growing, with FormFactor positioned to capture market share due to increased test intensity and complexity [6][11] - The foundry and logic probe card market is anticipated to see increased demand in Q1, shifting from traditional drivers to data center applications like network switches [11][12] - The company is also focusing on high-performance compute applications, with ongoing production qualifications in leading-edge GPU applications [14] Company Strategy and Development Direction - FormFactor is committed to improving gross margins and achieving its target model, with a focus on operational effectiveness and financial discipline [18][20] - The company plans to expand its Farmers Branch site to increase capacity at structurally lower costs, which is expected to support further revenue growth and gross margin expansion [5][23] - The strategic acquisition of Keystone Photonics aims to enhance capabilities in co-packaged optics, positioning the company for growth in energy-efficient optical data transmission [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the robust demand environment for memory and DRAM, driven by customer investments and industry forecasts [37] - The company anticipates continued gross margin improvements, although at a more moderate pace moving forward [22] - Management highlighted the importance of maintaining strong relationships with customers to navigate the dynamic DRAM market and capitalize on growth opportunities [73] Other Important Information - The company expects Q1 revenues of $225 million ±$5 million, with non-GAAP gross margins projected at 45% ±150 basis points [30][31] - The impact of tariffs on gross margins is estimated at around 200 basis points, with ongoing efforts to mitigate these costs through customs drawbacks [31][80] - The company has a share repurchase program with $70.9 million remaining for future repurchases, although cash is currently prioritized for the Farmers Branch ramp-up [30] Q&A Session Summary Question: What has driven the recent gross margin improvements? - Management noted that workforce reductions and improvements in cycle times and yields have been primary drivers of the faster-than-expected gross margin improvements [34][35] Question: How does FormFactor view the growth potential in the DRAM market? - Management indicated that robust demand and favorable pricing dynamics are expected to drive continued growth in the DRAM market, particularly with the transition to HBM4 [36][37] Question: Can FormFactor increase its run rate before the Farmers Branch comes online? - Management confirmed that they are currently operating at a run rate of $225 million per quarter and expect to continue improving output from existing facilities [39][40] Question: What is the expected impact of HBM5 on FormFactor's business? - Management highlighted that HBM5 will likely drive increased test intensity and complexity, presenting significant opportunities for FormFactor as they engage with customers on R&D [43][44] Question: How does FormFactor plan to address the foundry and logic market dynamics? - Management expects growth in the foundry and logic market, driven by share gains and participation in high-performance compute applications [78]

FormFactor (NasdaqGS:FORM) Q4 2025 Earnings call February 04, 2026 04:25 PM ET Company ParticipantsAric McKinnis - Senior VPBrian Chin - MDCraig Ellis - Senior MD and Director of ResearchDavid Duley - Portfolio ManagerElizabeth Sun - Former Senior Director of Corporate Communications and IRMatthew Prisco - VP and Equity Research AssociateMike Slessor - CEORobert Mertens - VPStan Finkelstein - VP of Investor RelationsVedvati Shrotre - DirectorConference Call ParticipantsCharles Shi - MD and Senior AnalystMik ...