Why did FormFactor (FORM) stock move recently?

On 9/1/2026, FormFactor moved -5.2% — FormFactor shares fell 5.17% with no company-specific catalyst reported; the move aligned with broader semiconductor sector weakness and profit-taking after a strong multi-month rally. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is FormFactor (FORM) overvalued or fairly valued?

MarketChacha shows FormFactor's valuation in context — a trailing P/E of about 80.5, a forward P/E of about 29.9, a price-to-book of about 7.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does FormFactor's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.44×) from reported figures — education, not a rating.

What is FormFactor's revenue?

FormFactor reported revenue of $785.0M for FY2025, with net profit of $54.4M, per official filings.

What is the share price of FormFactor (FORM)?

FormFactor last traded at $103.90 (+7.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

FormFactor

FORM · NYSE · Technology · United States

Snapshot

TickerFORM

ExchangeNYSE

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees2,153

HeadquartersLivermore, United States

Websitewww.formfactor.com

Filings tracked14

About FormFactor

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.

Who owns it

Insiders0.8%
Institutions94.5%
Public & other4.8%

678 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.13.45%
Vanguard Portfolio Management LLC6.72%
Earnest Partners LLC4.83%
Vanguard Capital Management LLC4.51%
State Street Corporation3.31%
Polar Capital Holdings PLC2.75%
Geode Capital Management, LLC2.35%
Bank of America Corporation2.29%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Cash conversion1.44×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend12.4% → 6.9%

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Return on equity5.3%

Latest ROE of 5.3% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 9% · PAT -19%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $278.3M · EPS 0.81

Est. earnings growth +77.0%

Next fiscal year

Rev $1.2B · EPS 3.48

Est. earnings growth +13.7%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$785.0M

Net margin

6.9%

ROE

5.3%

Revenue CAGR (2y)

+8.8%

Profit CAGR (2y)

-18.8%

EPS (FY2025)

0.69

Net profit (FY2025)

$54.4M

Ask MarketChacha about FORM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
FormFactor shares fell 5.17% with no company-specific catalyst reported; the move aligned with broader semiconductor sector weakness and profit-taking after a strong multi-month rally.
· confidence: low
Aug 4, 2026
No specific catalyst identified for the Aug 4 move; FORM rose with the broader semiconductor sector following its strong Q2 2026 earnings beat and raised outlook reported July 29.
source 1 ↗source 2 ↗· confidence: low
Jul 24, 2026
FormFactor shares fell sharply with peers (Amtech, Semtech, Nova, Power Integrations) in a broad semiconductor sector sell-off, with no company-specific news or filing as the catalyst.
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$785.0M	$54.4M	0.69	6.9%	5.3%
FY2024	$763.6M	$69.6M	0.89	9.1%	7.3%
FY2023	$663.1M	$82.4M	1.05	12.4%	9.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$258.2M	$56.2M	0.71	21.8%
2026Q1	$226.1M	$20.4M	0.26	9.0%
2025Q3	$202.7M	$15.7M	0.20	7.7%
2025Q2	$195.8M	$9.1M	0.12	4.6%
2025Q1	$171.4M	$6.4M	0.08	3.7%
2024Q3	$207.9M	$18.7M	0.24	9.0%
2024Q2	$197.5M	$19.4M	0.25	9.8%
2024Q1	$168.7M	$21.8M	0.28	12.9%
2023Q3	$171.6M	$4.4M	0.06	2.5%
2023Q2	$167.4M	$1.3M	0.02	0.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/19/2026material
10-Q filing
SEC5/5/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-K filing
SEC2/20/2026
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC2/18/2026material
8-K — Results of operations, Exhibits
SEC2/4/2026material
8-K — Costs from exit/disposal, Material impairment
SEC1/9/2026material

2025

10-Q filing
SEC11/4/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/12/2025material
10-Q filing
SEC8/5/2025
8-K — Material agreement, Results of operations, Material financial obligation, Bylaw/charter change, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.