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FormFactor Inc

FormFactor Inc

FORM
$114.95USD+2.52%+2.83 today

MARKET CAP

9.0B

P/E (TTM)

51.4x

FWD P/E

33.3x

DAY RANGE

$113 – $117

52W RANGE

$30
$160

AI Summary

Stalk
Sell NowMedium

FORM is in a Stage 4 decline, with medium-term bearish bias confirmed by a Support Failure pattern and a sequence of lower highs and lower lows. Price trades below declining EMAs and rallies are rejected at the broken support zone near the 9/21 EMA cluster, creating favorable conditions for downside continuation. We recommend selling now into the resistance area formed by the prior support band.

  • Q1 2026 revenue reached $226.1M with non-GAAP gross margin of 49% (+510 bps qoq)
  • DRAM probe card sales to benefit from rising HBM4 demand driving record revenue
  • P/E of 90.2 vs tech sector average 75.3 signals potential overvaluation
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$769.7M$747.9M$663.1M$763.6M$785.0M
YoY %+11.0%-2.8%-11.3%+15.2%+2.8%
P / Sales4.7x2.3x4.8x4.7x5.7x
EV / Sales4.8x2.4x4.8x4.7x5.8x
Gross Profit, Adj.$322.8M$296.0M$258.6M$307.9M$308.9M
YoY %+12.1%-8.3%-12.6%+19.1%+0.3%
Margin %41.9%39.6%39.0%40.3%39.3%
EV / Gross Profit11.4x6.1x12.3x11.6x14.8x
EBITDA, Adj.$143.3M$92.9M$47.3M$77.1M$94.7M
YoY %+7.5%-35.1%-49.2%+63.2%+22.8%
Margin %18.6%12.4%7.1%10.1%12.1%
EV / EBITDA25.7x19.4x67.2x46.2x48.4x
EBIT$98.0M$54.9M$9.8M$44.2M$57.1M
YoY %+17.0%-44.0%-82.1%+350.9%+29.1%
Margin %12.7%7.3%1.5%5.8%7.3%
EV / EBIT37.6x32.9x323.8x80.5x80.3x
Net Income$83.9M$50.7M$82.4M$69.6M$54.4M
YoY %+6.9%-39.5%+62.4%-15.5%-21.9%
Net Margin10.9%6.8%12.4%9.1%6.9%
EPS (GAAP)$1.06$0.65$1.05$0.89$0.69
YoY %+7.1%-38.7%+61.5%-15.2%-22.5%