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Semicap·FORM
FormFactor, Inc.
NASDAQ · US
Probe cards, wafer probe systems, and cryogenic test systems supplier.
AI relevance
Wafer-level test exposure for AI processors, memory, and advanced packages.
Price
$149.55
Change
+9.60 (+6.86%)
Market cap
$11.7B
52w range
$26–$159
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
FORM market performance
Daily close for FormFactor, Inc.
- Latest close
- $149.6
- Range move
- +$116.3 (+349.2%)
- Range high
- $155.1
- Range low
- $27.62
- Latest volume
- 1.9M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
73 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus19 ratings
Strong buy
0
Buy
10
Hold
8
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-27 | $963.6M | $952.1M - $971.6M | $2.45 | $2.30 - $2.50 | $154.4M | $102.8M | $188.1M | $170.6M | 7 rev / 6 EPS |
| 2027-12-27 | $1.11B | $1.04B - $1.25B | $3.07 | $2.76 - $3.52 | $178.0M | $118.4M | $246.1M | $196.6M | 8 rev / 7 EPS |
| 2028-12-27 | $1.11B | $1.04B - $1.18B | $2.89 | $2.65 - $3.14 | $177.3M | $118.0M | $226.3M | $195.9M | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-28 | $240.0M | $239.9M - $240.3M | $0.61 | $0.60 - $0.62 | $38.5M | $25.6M | $48.4M | $42.5M | 6 rev / 5 EPS |
| 2026-09-28 | $246.7M | $239.7M - $252.6M | $0.63 | $0.57 - $0.68 | $39.5M | $26.3M | $50.4M | $43.7M | 6 rev / 6 EPS |
| 2026-12-28 | $250.7M | $246.3M - $254.2M | $0.65 | $0.64 - $0.66 | $40.2M | $26.7M | $51.8M | $44.4M | 3 rev / 2 EPS |
| 2027-03-28 | $256.8M | $252.3M - $260.4M | $0.67 | $0.65 - $0.68 | $41.2M | $27.4M | $53.1M | $45.5M | 3 rev / 2 EPS |
| 2027-06-28 | $267.8M | $263.0M - $271.4M | $0.71 | $0.69 - $0.72 | $42.9M | $28.6M | $56.3M | $47.4M | 3 rev / 2 EPS |
| 2027-09-28 | $281.5M | $276.5M - $285.3M | $0.79 | $0.77 - $0.80 | $45.1M | $30.0M | $62.6M | $49.8M | 3 rev / 2 EPS |
| 2027-12-28 | $288.7M | $283.6M - $292.7M | $0.83 | $0.81 - $0.85 | $46.3M | $30.8M | $66.1M | $51.1M | 3 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 6 | $151.33 |
| Last year | 17 | $95.76 |
| All time | 24 | $82.88 |
Sources: TheFly, StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-12 | B. Riley Securities | Upgrade | Neutral | Buy |
| 2026-06-05 | Evercore ISI Group | Upgrade | In Line | Outperform |
| 2026-05-12 | B. Riley Securities | Maintain | Neutral | Neutral |
| 2026-05-12 | Craig-Hallum | Upgrade | Hold | Buy |
| 2026-04-30 | Evercore ISI Group | Maintain | In Line | In Line |
| 2026-04-30 | Citigroup | Maintain | Buy | Buy |
| 2026-04-30 | TD Cowen | Maintain | Hold | Hold |
| 2026-04-29 | Evercore ISI Group | Maintain | In Line | In Line |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 0 | 5 | 7 | 0 | 0 |
| 2026-05-01 | 0 | 3 | 8 | 0 | 0 |
| 2026-04-01 | 0 | 4 | 8 | 0 | 0 |
| 2026-03-01 | 0 | 4 | 6 | 0 | 0 |
| 2026-02-01 | 0 | 4 | 6 | 0 | 0 |
| 2026-01-01 | 0 | 5 | 6 | 0 | 0 |
| 2025-12-01 | 0 | 5 | 5 | 0 | 0 |
| 2025-11-01 | 0 | 5 | 5 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $785.0M | $307.2M | 39.1% | $115.9M | $64.2M | $114.8M | $54.4M | $0.70 |
| FY 2024 | $763.6M | $307.9M | 40.3% | $121.9M | $64.8M | $112.7M | $69.6M | $0.90 |
| FY 2023 | $663.1M | $258.6M | 39.0% | $115.8M | $82.8M | $127.1M | $82.4M | $1.06 |
| FY 2022 | $747.9M | $296.0M | 39.6% | $109.2M | $54.9M | $96.5M | $50.7M | $0.65 |
| FY 2021 | $769.7M | $322.8M | 41.9% | $100.9M | $98.0M | $143.6M | $83.9M | $1.08 |
| FY 2020 | $693.6M | $287.9M | 41.5% | $89.0M | $83.8M | $134.7M | $78.5M | $1.02 |
| FY 2019 | $589.5M | $237.5M | 40.3% | $81.5M | $49.7M | $97.8M | $39.3M | $0.52 |
| FY 2018 | $529.7M | $210.3M | 39.7% | $75.0M | $36.1M | $80.9M | $104.0M | $1.42 |
| FY 2017 | $548.4M | $215.6M | 39.3% | $73.8M | $46.3M | $91.3M | $40.9M | $0.57 |
| FY 2016 | $383.9M | $102.7M | 26.7% | $57.5M | -$47.9M | -$1.0M | -$6.6M | $-0.10 |
| FY 2015 | $282.4M | $85.7M | 30.4% | $44.2M | -$4.1M | $20.2M | -$1.5M | $-0.03 |
| FY 2014 | $268.5M | $77.4M | 28.8% | $42.7M | -$20.6M | $13.8M | -$19.2M | $-0.34 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $115.4M | $103.7M | $11.7M |
| FY 2024 | $117.5M | $38.4M | $79.1M |
| FY 2023 | $64.6M | $56.0M | $8.6M |
| FY 2022 | $131.8M | $65.3M | $66.5M |
| FY 2021 | $139.4M | $66.5M | $72.9M |
| FY 2020 | $169.3M | $55.9M | $113.4M |
| FY 2019 | $121.0M | $20.8M | $100.2M |
| FY 2018 | $68.7M | $19.9M | $48.8M |
| FY 2017 | $86.3M | $17.8M | $68.6M |
| FY 2016 | $17.4M | $11.5M | $5.9M |
| FY 2015 | $36.1M | $8.6M | $27.5M |
| FY 2014 | $17.7M | $5.7M | $12.0M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $276.2M | $125.4M | $110.9M | $276.3M | $1.22B | $44.8M | -$58.5M | $189.0M | $1.04B |
| FY 2024 | $360.0M | $104.3M | $101.7M | $232.8M | $1.15B | $39.2M | -$151.5M | $198.4M | $947.8M |
| FY 2023 | $328.3M | $106.8M | $111.7M | $234.9M | $1.11B | $48.1M | -$129.7M | $198.0M | $908.8M |
| FY 2022 | $238.1M | $88.1M | $123.2M | $221.2M | $1.01B | $50.4M | -$58.8M | $199.9M | $808.3M |
| FY 2021 | $276.1M | $115.5M | $111.5M | $181.8M | $1.02B | $63.3M | -$87.7M | $204.7M | $815.8M |
| FY 2020 | $255.0M | $107.6M | $99.2M | $134.9M | $963.2M | $69.2M | -$118.0M | $219.1M | $744.1M |
| FY 2019 | $220.9M | $97.9M | $83.3M | $90.2M | $839.9M | $94.1M | -$50.4M | $198.9M | $641.0M |
| FY 2018 | $149.0M | $95.3M | $77.7M | $54.1M | $728.2M | $64.8M | -$33.7M | $148.1M | $580.2M |
| FY 2017 | $140.2M | $83.8M | $67.8M | $46.8M | $646.6M | $105.7M | $14.5M | $187.9M | $458.6M |
| FY 2016 | $108.9M | $71.6M | $59.8M | $42.7M | $620.0M | $138.2M | $36.8M | $218.9M | $401.1M |
| FY 2015 | $187.6M | $36.7M | $27.2M | $23.9M | $342.7M | $0 | -$146.3M | $48.0M | $294.7M |
| FY 2014 | $163.8M | $45.9M | $25.5M | $25.5M | $344.2M | $0 | -$113.9M | $54.8M | $289.4M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 39.1% | 8.2% | 6.9% | 4.5x | 3.6x | 5.3% | 4.7% | 5.6x | 38.6x | 0.3% | 14.8% | 107d |
| FY 2024 | 40.3% | 8.5% | 9.1% | 4.6x | 3.8x | 7.3% | 5.5% | 4.5x | 30.2x | 2.2% | 16.0% | 81d |
| FY 2023 | 39.0% | 12.5% | 12.4% | 4.4x | 3.5x | 9.1% | 7.8% | 4.7x | 24.4x | 0.3% | 17.5% | 102d |
| FY 2022 | 39.6% | 7.3% | 6.8% | 3.2x | 2.3x | 6.3% | 5.6% | 2.2x | 17.3x | 3.9% | 14.6% | 87d |
| FY 2021 | 41.9% | 12.7% | 10.9% | 3.5x | 2.8x | 10.3% | 9.4% | 4.5x | 24.2x | 2.0% | 13.1% | 99d |
| FY 2020 | 41.5% | 12.1% | 11.3% | 3.2x | 2.5x | 10.6% | 9.4% | 4.6x | 23.6x | 3.4% | 12.8% | 90d |
| FY 2019 | 40.3% | 8.4% | 6.7% | 3.1x | 2.5x | 6.1% | 5.1% | 3.2x | 19.4x | 5.1% | 13.8% | 105d |
| FY 2018 | 39.7% | 6.8% | 19.6% | 3.3x | 2.5x | 17.9% | 5.5% | 1.9x | 12.4x | 4.7% | 14.2% | 109d |
| FY 2017 | 39.3% | 8.4% | 7.5% | 3.3x | 2.6x | 8.9% | 7.8% | 2.1x | 12.6x | 6.1% | 13.5% | 92d |
| FY 2016 | 26.7% | -12.5% | -1.7% | 3.0x | 2.3x | -1.6% | -1.1% | 2.0x | -759.5x | 0.8% | 15.0% | 101d |
| FY 2015 | 30.4% | -1.5% | -0.5% | 5.9x | 5.3x | -0.5% | -1.4% | 1.3x | 18.5x | 5.3% | 15.6% | 64d |
| FY 2014 | 28.8% | -7.7% | -7.1% | 5.1x | 4.6x | -6.6% | -6.6% | 1.4x | 26.5x | 2.5% | 15.9% | 73d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +2.8% | -0.2% | -4.9% | -0.9% | -21.9% | -22.2% | -85.2% | -169.7% | -23.3% | +9.1% | +6.8% | +14.3% |
| FY 2024 | +15.2% | +19.1% | +5.3% | -21.7% | -15.5% | -15.1% | +822.4% | +31.4% | +9.7% | -9.0% | +3.6% | -18.5% |
| FY 2023 | -11.3% | -12.6% | +6.0% | +50.7% | +62.4% | +63.1% | -87.1% | +14.1% | +37.9% | -9.3% | +9.8% | -4.4% |
| FY 2022 | -2.8% | -8.3% | +8.2% | -44.0% | -39.5% | -39.8% | -8.7% | +1.9% | -13.7% | +10.4% | -1.2% | -20.4% |
| FY 2021 | +11.0% | +12.1% | +13.4% | +17.0% | +6.9% | +5.9% | -35.7% | -19.0% | +8.2% | +12.4% | +5.9% | -8.6% |
| FY 2020 | +17.7% | +21.2% | +9.2% | +68.7% | +99.6% | +96.2% | +13.2% | -168.0% | +15.5% | +19.2% | +14.7% | -26.5% |
| FY 2019 | +11.3% | +12.9% | +8.7% | +37.5% | -62.2% | -63.4% | +105.2% | -4.9% | +48.2% | +7.1% | +15.3% | +45.2% |
| FY 2018 | -3.4% | -2.4% | +1.6% | -22.0% | +154.3% | +149.1% | -28.8% | -11.9% | +6.3% | +14.5% | +12.6% | -38.7% |
| FY 2017 | +42.9% | +110.0% | +28.5% | +196.6% | +724.0% | +670.0% | +1061.8% | -54.1% | +28.7% | +13.4% | +4.3% | -23.5% |
| FY 2016 | +36.0% | +19.8% | +30.0% | -1067.6% | -330.5% | -280.2% | -78.5% | -33.3% | -41.9% | +119.7% | +80.9% | 0.0% |
| FY 2015 | +5.1% | +10.7% | +3.4% | +80.0% | +92.1% | +92.3% | +129.2% | -52.4% | +14.5% | +6.6% | -0.4% | 0.0% |
| FY 2014 | +16.0% | +83.1% | +1.4% | +65.0% | +66.7% | +67.9% | +183.7% | +33.5% | +8.4% | +23.4% | +1.0% | -100.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $785.0M
Foundry & Logic Product Group$369.9M · 47.1%
DRAM Product Group$247.4M · 31.5%
Systems Product Group$147.1M · 18.7%
Flash Product Group$20.6M · 2.6%
Latest geography mixFY 2025 · $147.1M
Systems Segment$147.1M · 100.0%
Product revenue annual
| Period | Total | Foundry & Logic Product Group | DRAM Product Group | Systems Product Group | SoC | Flash Product Group | DRAM | Flash |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $785.0M | $369.9M | $247.4M | $147.1M | -- | $20.6M | -- | -- |
| FY 2024 | $763.6M | $381.2M | $227.4M | $137.6M | -- | $17.4M | -- | -- |
| FY 2023 | $663.1M | $363.5M | $113.8M | $165.2M | -- | $20.6M | -- | -- |
| FY 2022 | $747.9M | $409.2M | $133.4M | $156.5M | -- | $48.8M | -- | -- |
| FY 2021 | $769.7M | $435.8M | $156.0M | $136.4M | -- | $41.4M | -- | -- |
| FY 2020 | $693.6M | $446.2M | $109.7M | $111.9M | -- | $25.8M | -- | -- |
| FY 2019 | $589.5M | $318.6M | $147.3M | $98.1M | -- | $25.6M | -- | -- |
| FY 2018 | $529.7M | $258.5M | $135.3M | $95.4M | -- | $40.5M | -- | -- |
| FY 2017 | $548.4M | $313.7M | $124.7M | $93.6M | -- | $16.4M | -- | -- |
| FY 2016 | $383.9M | $237.6M | $86.9M | $45.9M | -- | $13.5M | -- | -- |
| FY 2015 | $282.4M | -- | -- | -- | $145.8M | -- | $125.5M | $11.0M |
| FY 2014 | $268.5M | -- | -- | -- | $142.4M | -- | $110.8M | $15.4M |
Geography revenue annual
| Period | Total | Systems Segment |
|---|---|---|
| FY 2025 | $147.1M | $147.1M |
| FY 2024 | $137.6M | $137.6M |
| FY 2016 | $0 | -- |
Transcripts73 on file
Transcripts
Events
Events
Next earnings
2026-07-29EPS est $0.61
Latest news
- Why FormFactor (FORM) Might be Well Poised for a Surge
Zacks Investment Research · 2026-06-15
- This FormFactor Analyst Turns Bullish; Here Are Top 3 Upgrades For Friday
Benzinga · 2026-06-12