Core Insights - FormFactor, Inc. has commenced site work and equipment installation for a new advanced manufacturing facility in Farmers Branch, Texas, marking a significant economic development for the city [1][2][3] Economic Impact - The project is expected to create hundreds of new, highly skilled jobs for local residents, representing a transformative economic impact for Farmers Branch [3] - The establishment of FormFactor's facility strengthens Texas's position in the semiconductor ecosystem and addresses a critical gap in the domestic supply chain [3][6] Company Overview - FormFactor is a leading global supplier of test and measurement technologies for the semiconductor industry, particularly known for its advanced probe cards used in the production of logic and memory chips [4][8] - The company has shipped billions of micro-electro-mechanical systems (MEMS) probes and has an installed base of over 10,000 probe systems globally [4] Investment and Growth Plans - FormFactor plans to invest over $140 million in capital for the new site in 2026, indicating a strong commitment to expanding its manufacturing capacity [4] Community and Government Support - The partnership between FormFactor and Farmers Branch is seen as a validation of the city as a high-tech destination, enhancing its role in advanced semiconductor manufacturing [5][6] - The project reflects Texas's vision for a collaborative business environment that fosters innovation and strengthens technological resilience [6]

Core Insights - FormFactor, Inc. (NASDAQ:FORM) has seen a year-to-date share price increase of 22%, driven by a significant 39% surge in late October following its third-quarter earnings report [1][2]. Financial Performance - The company reported $202 million in revenue for the third quarter, exceeding analyst expectations of $200 million [2]. - Adjusted EPS for the quarter was $0.33, surpassing the forecast of $0.25 [2]. - The midpoint guidance for fourth-quarter revenue is set at $210 million, with midpoint EPS guidance at $0.35, both above analyst estimates of $199 million and $0.29 respectively [2]. Market Outlook - Management expressed optimism about future demand for probe cards, particularly as customers transition to new leading-edge silicon nodes, despite current weakness in the CPU market [3]. - The company noted that existing legacy node designs are currently meeting demand, which has limited growth in probe cards for CPU applications [3].

Core Insights - The semiconductor industry is experiencing growth driven by the increasing demand for AI, Generative AI, IoT, and advanced manufacturing processes [1][5][9] - Key players such as Lam Research, Cirrus Logic, and FormFactor are positioned to benefit from this trend, with strong earnings outlooks and stock performance [1][16][20] Industry Overview - The Zacks Electronics - Semiconductors industry includes companies providing a variety of semiconductor technologies, including packaging, testing services, and factory automation [3] - The industry serves multiple end markets, including consumer electronics, communications, computing, industrial, and automotive sectors [4] Growth Drivers - The demand for AI-supportive chips from hyperscalers is a significant growth driver, supported by increased AI-related spending [1][5] - The rise of smart devices requiring advanced computing capabilities is further propelling industry demand [7] - Advanced packaging technologies are in high demand due to the need for miniaturization and improved performance [8] Market Performance - The Zacks Electronics - Semiconductors industry has outperformed the S&P 500 and the broader Zacks Computer and Technology sector, appreciating 57.8% over the past year compared to 26.8% and 16.1% respectively [14] - The industry's current forward 12-month price-to-earnings ratio stands at 34.81X, higher than the S&P 500's 23.47X and the sector's 29.15X [15] Company Highlights - **Lam Research (LRCX)**: Strong demand for high-bandwidth memory (HBM) and expected robust equipment spending in 2026, with a year-to-date stock appreciation of 128.5% [16][17] - **Cirrus Logic (CRUS)**: Benefiting from demand for custom-boosted amplifiers and expanding market share in the Android ecosystem, with a year-to-date stock appreciation of 19.9% [18][19] - **FormFactor (FORM)**: Dominating in HBM and DRAM markets, with a year-to-date stock appreciation of 25.8% and increasing earnings estimates [20]

FormFactor (FORM) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are 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 tren ...

In the current market session, FormFactor Inc. (NASDAQ:FORM) stock price is at $54.89, after a 7.36% decrease. However, over the past month, the company's stock increased by 38.30%, and in the past year, by 41.58%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. FormFactor P/E Compared to CompetitorsThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate m ...

FormFactor, Inc. ( FORM ) reported very positive numbers, which sent its shares over 24% for the day, on the back of improved operational performance and a return to growth in sequential sales. I wanted to take a look at the numbers in moreMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell optio ...

FormFactor, Inc. ( FORM ) reported very positive numbers, which sent its shares over 24% for the day, on the back of improved operational performance and a return to growth in sequential sales. I wanted to take a look at the numbers in moreMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell optio ...

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. FormFactor Inc. (NASDAQ:FORM) is one of the best-performing stocks on Thursday. FormFactor saw its share prices hit a new all-time high on Thursday, after beating its revenue guidance for the third quarter of the year. At intra-day trade, the stock jumped to its highest price of $61.10 before trimming gains to end the day just up by 24.16 percent at $59.25 apiece. In an updated report, FormFactor Inc. (NASDAQ:FORM) said revenues ...

Core Insights - FormFactor (FORM) reported third-quarter 2025 non-GAAP earnings of 33 cents per share, exceeding the Zacks Consensus Estimate by 32%, although the earnings decreased 5.7% year over year. Shares increased by 23.5% at the time of reporting [1] - Revenues for the quarter were $202.7 million, surpassing the Zacks Consensus Estimate by 1.31%, but reflecting a 2.5% decline year over year [1] Segmental Revenue Details - Probe card revenues amounted to $166.4 million, down 3.4% year over year, primarily due to a decline in Foundry & Logic revenues, which were $92.9 million (45.8% of total revenues), down 13.6% year over year. DRAM revenues were $68.2 million (33.6% of total revenues), up 13.3% year over year, while Flash revenues were $5.3 million (2.6% of total revenues), up 17.8% year over year [2] - Systems revenues, accounting for 17.9% of total revenues, were $36.3 million, reflecting a 1.7% increase year over year [3] Geographic Revenue Performance - Revenues from South Korea, Japan, Malaysia, Singapore, and the Rest of the World increased by 69.8%, 40.7%, 9.4%, 80%, and 14.3% year over year, respectively. Conversely, revenues from the United States, Taiwan, China, and Europe declined by 33.8%, 2.1%, 66.1%, and 5.1% year over year [4] Operating Results - The gross margin contracted by 110 basis points year over year to 41%. Non-GAAP operating expenses decreased by 8% year over year to $54.6 million, representing 26.9% of revenues, down 160 basis points year over year. The non-GAAP operating margin improved by 50 basis points year over year to 14.1% [5] Balance Sheet & Cash Flow - As of September 27, 2025, cash and cash equivalents, along with marketable securities, totaled $266 million, up from $249.3 million as of June 28, 2025. Cash generated from operating activities was $27 million in the reported quarter, an increase from $18.9 million in the previous quarter, with free cash flow at $19.7 million [6] Future Guidance - FormFactor anticipates third-quarter 2025 revenues of $210 million (+/- $5 million), with the Zacks Consensus Estimate currently at $199.43 million, indicating a 5.3% growth compared to the previous year. The company expects a non-GAAP gross margin of 42% (+/- 1.5%) and earnings of 35 cents (+/- 4 cents) per share [7][8]

Key Points FormFactor beat on sales and earnings last night. GAAP earnings at this maker of equipment for testing semiconductor quality lag non-GAAP numbers significantly. 10 stocks we like better than FormFactor › Here in the middle of the artificial intelligence (AI) revolution, semiconductor stocks are red-hot -- and of the reddest, hottest semiconductor stocks on the market today is FormFactor (NASDAQ: FORM), a maker of probe cards and other equipment for testing the quality of manufactured chi ...