FormFactor, Inc. (FORM)

FormFactor's stock has experienced fluctuations influenced by earnings reports and broader semiconductor industry sentiment. In Q2 2025, revenues exceeded expectations, but EPS and adjusted operating income were missed, leading to a stock price decline. The Q3 2025 financial results are expected to be announced on October 29, 2025. Analyst ratings have been mixed, with some raising price targets and others downgrading the stock. A sector-wide selloff, triggered by cautious growth guidance from Texas Instruments, also impacted FormFactor's stock.

Demand for FormFactor's products is closely tied to the cyclical nature of the semiconductor industry. Currently, the company is experiencing strong demand for high-bandwidth memory (HBM) probe cards, driven by the growth in artificial intelligence (AI) and advanced packaging technologies. Traditional semiconductor segments such as mobile and personal computers are experiencing softness. There is no explicit information indicating a distinct seasonal pattern for FormFactor's products beyond these broader industry trends and product-specific demand shifts.

FormFactor, Inc., headquartered in Livermore, California, is a leading provider of test and measurement technologies for integrated circuits, operating in the Technology sector, specifically the Semiconductor Equipment & Materials industry. The company offers products that enhance device performance and facilitate testing throughout the semiconductor product lifecycle. Its major products include probe cards, critical for testing semiconductor wafers, and systems, which encompass probe stations, thermal systems, and cryogenic systems. FormFactor's products are crucial for industries such as computing, data centers, quantum computing, automotive, aerospace and defense, and 5G/6G communications.

FormFactor, Inc. has a global presence with manufacturing facilities and offices in the United States and Germany. The company serves its customers through a network of facilities across Asia, Europe, and North America, supported by global customer support and sales offices.

FormFactor maintains a strong brand reputation within the semiconductor industry. The company has been recognized as a top performer in TechInsights' global semiconductor industry customer satisfaction survey for twelve consecutive years. In May 2025, FormFactor was named the #1 global supplier in both the Test Subsystems and Focused Chip Making Equipment categories, earning five-star ratings in multiple areas. Customers consistently praise FormFactor for its quality, technology leadership, and strong field engineering support.

FormFactor, Inc. is predominantly owned by institutional shareholders, who hold 97.86% of the company's shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Earnest Partners LLC, State Street Corp, and Bank Of America Corp. Individual investors hold 0.99% of the shares, with Igor Y. Khandros being the largest individual shareholder, owning 3.60% of the company.