FormFactor (FORM) Q2 Earnings Miss Estimates

Group 1: Earnings Performance - FormFactor reported quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.30 per share, and down from $0.35 per share a year ago, representing an earnings surprise of -10.00% [1] - The company posted revenues of $195.8 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.87%, but down from year-ago revenues of $197.47 million [2] - Over the last four quarters, FormFactor has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - FormFactor shares have lost about 21.1% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.34 on revenues of $199.13 million, and for the current fiscal year, it is $1.20 on revenues of $763.63 million [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which FormFactor belongs, is currently in the top 28% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact FormFactor's stock performance [5] - The Zacks Rank for FormFactor is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]