Q3 Earnings Forecast for FormFactor Issued By Zacks Research

Key Points

• Zacks Research raised FormFactor’s Q3 2026 EPS estimate to $0.78 from $0.48 and maintained a “Strong-Buy” rating. Its forecasts also call for $2.68 EPS in FY2026, $3.11 in FY2027 and $3.39 in FY2028.
• FormFactor’s latest quarterly results exceeded expectations, with EPS of $0.82 versus a $0.61 consensus estimate and revenue of $258.24 million. Revenue rose 31.9% year over year, while Q3 2026 guidance is $0.77–$0.95 EPS.
• The stock has a “Moderate Buy” consensus rating and a $127.45 average price target, but trades at an elevated P/E ratio of about 78. Insiders sold 37,020 shares worth approximately $4.76 million during the last quarter.

FormFactor, Inc. (NASDAQ:FORM - Free Report) - Equities researchers at Zacks Research lifted their Q3 2026 EPS estimates for FormFactor in a research note issued to investors on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings per share of $0.78 for the quarter, up from their previous estimate of $0.48. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for FormFactor's current full-year earnings is $2.70 per share. Zacks Research also issued estimates for FormFactor's Q4 2026 earnings at $0.70 EPS, FY2026 earnings at $2.68 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $0.75 EPS, Q3 2027 earnings at $0.85 EPS, Q4 2027 earnings at $0.81 EPS, FY2027 earnings at $3.11 EPS, Q1 2028 earnings at $0.80 EPS, Q2 2028 earnings at $0.82 EPS and FY2028 earnings at $3.39 EPS.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. The business had revenue of $258.24 million during the quarter, compared to analysts' expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS.

Other analysts have also issued reports about the company. Weiss Ratings raised FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Northland Securities set a $118.00 price target on FormFactor in a research note on Thursday, April 30th. TD Cowen cut their price objective on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, B. Riley Financial raised shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.45.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $114.16 on Monday. The stock has a market capitalization of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The business has a fifty day moving average price of $122.39 and a two-hundred day moving average price of $116.48. FormFactor has a fifty-two week low of $27.81 and a fifty-two week high of $160.27.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the transaction, the chief executive officer owned 484,204 shares of the company's stock, valued at approximately $63,406,513.80. The trade was a 3.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the sale, the director owned 5,375 shares of the company's stock, valued at approximately $674,025. This represents a 54.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. bought a new position in shares of FormFactor in the second quarter worth about $25,000. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor during the 2nd quarter valued at approximately $43,000. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor during the 4th quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in FormFactor during the 2nd quarter worth approximately $72,000. Finally, USA Financial Formulas acquired a new position in FormFactor during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks increased its Q3 2026 EPS estimate to $0.78 from $0.48 and its FY2026 forecast to $2.68 from $1.99. Estimates for FY2027 rose to $3.11 from $2.19, while FY2028 increased to $3.39 from $2.47. These revisions signal stronger expected demand and profitability for FormFactor’s semiconductor testing business.
• Positive Sentiment: Quarterly estimates were also raised materially: Q4 2026 EPS increased to $0.70 from $0.53, Q1 2027 to $0.70 from $0.47, Q2 2027 to $0.75 from $0.58, and Q3 2027 to $0.85 from $0.56. Q1 and Q2 2028 estimates were lifted to $0.80 and $0.82, respectively.
• Neutral Sentiment: The upgrades are especially significant because the current full-year consensus estimate is $2.70 per share, close to Zacks’ revised FY2026 forecast. Investors may therefore view the revisions as supportive of longer-term growth but may wait for the company’s results and guidance to confirm the outlook.
• Negative Sentiment: FormFactor shares have decreased despite the favorable analyst revisions. The stock’s elevated valuation—approximately 78 times earnings—may be limiting enthusiasm, as investors could be taking profits or demanding stronger near-term results before assigning additional upside.

About FormFactor

FormFactor, Inc NASDAQ: FORM is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor's product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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