FormFactor (FORM) has been on a downward spiral lately with significant selling pressure. After declining 31.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

FormFactor (FORM) delivered second-quarter 2024 adjusted earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.90%. The company reported earnings of 14 cents per share in the year-ago quarter. Revenues of $197 million beat the Zacks Consensus Estimate by 1.26% and increased 26.7% on a year-overyear basis. The top-line growth can primarily be attributed to robust demand for probe cards. Segments in Detail Probe card revenues were $166.8 million, up 44.7% year over year. Foundry & Logic ( ...

FormFactor, Inc. (NASDAQ:FORM) Q2 2024 Earnings Conference Call July 31, 2024 4:25 PM ET Company Participants Stan Finkelstein - Investor Relations Michael Slessor - President, CEO & Director Shai Shahar - CFO Conference Call Participants Craig Ellis - B. Riley Securities Charles Shi - Needham & Company Tom Diffely - D.A. Davidson Christian Schwab - Craig-Hallum Brian Chin - Stifel Nicolaus Robert Mertens - TD Cowen Operator Thank you, and welcome, everyone, to FormFactor's second-quarter 2024 earnings conf ...

EXHIBIT 99.01 News Release Investor Contact: Stan Finkelstein Investor Relations (925) 290-4321 ir@formfactor.com FORMFACTOR, INC. REPORTS 2024 SECOND QUARTER RESULTS Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range; Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif. — July 31, 2024 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% c ...

Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range; Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% compared to $168.7 million in the first quarter of fiscal 2024, and an increase of 26.7% from $155.9 million in the second quarter of fiscal 2023. Pro ...

Company Overview - FormFactor Inc is a leader in semiconductor testing and measurement products, supplying wafer fabrication, test, and assembly equipment [17] - The company has a strong cash position of $357 2 million as of Q1 2024, double the amount reported in YE2023 [3] - FormFactor operates in three segments with total addressable markets of $85 billion for wafer fabrication equipment, $2 8 billion for wafer test and measurement equipment, and $3 5 billion for wafer assembly and final test equipment [24] Financial Performance - The company's trailing P/E multiple is 31 65x, slightly above the industry median of 30-32x [5] - FormFactor's fair price is estimated at $45 3 with an upside potential of -11 6% [2] - Revenue is projected to grow at 30% annually, reaching $2 5 billion by 2028 [11] - Net profit margin is expected to be 43% from 2024 onwards [9] Industry Trends - The semiconductor industry is cyclical, with recent pullbacks affecting major players [14] - Strong demand for high bandwidth memory and advanced packaging technologies is driving growth in 2024 [19] - Expanding investments in data centers and AI by major tech companies are fueling demand for high bandwidth memory probe cards [19] Competitive Landscape - FormFactor's major customers include Intel, TSMC, Micron, SK Hynix, and Samsung [14] - The company faces competition from players like Daqo New Energy Corp, Photronics Inc, and Advanced Energy Industries Inc [21] - FormFactor commands a dominant position in wafer fabrication and testing, with over $100 billion in opportunities [14] Future Outlook - FormFactor is expected to report earnings on July 31, 2024, with strong sequential growth projected for Q2 2024 [6] - The company plans to increase R&D spending to develop new products and improve existing ones [19] - Long-term price projection suggests a fair price of $85 with a 66% upside potential by 2028 [11] Operational Challenges - Revenue is concentrated among a few major customers, increasing dependency risks [14] - The DRAM segment, including high bandwidth memory, has lower gross margins compared to Foundry and Logic segments [22] - Geopolitical risks, particularly US-China trade restrictions, may impact market perception [14]

FormFactor is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Over the past three months, the Zacks Consensus Estimate for FORM's full-year earnings has moved 15% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improvi ...

LIVERMORE, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal second quarter on Wednesday, July 31st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, d ...

The presentation material utilized during the CEO Investor Summit will be made accessible on the events page of the Company's website at www.formfactor.com. Attendance at the CEO Investor Summit is by invitation only and is available solely to accredited investors and publishing research analysts. As space is limited, please RSVP early. Hosts reserve the right to limit attendance as necessary. Last day for registration is June 28, 2024. Claire E. McAdams Phone: (530) 265-9899 Email: claire@headgatepartners. ...

Source: FormFactor, Inc. LIVERMORE, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), today announced management's participation in the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA. About the 16th Annual CEO Investor Summit 2024 The CEO Investor Summit is collectively hosted and funded by participating companies and features a "roundrobin" format consisting of small group meetings with company management teams. Durin ...