Stocktoria

FORMFACTOR INC FORM

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 2003-06-12 · LEI

FORMFACTOR INC (FORM) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $785.0M at a 6.9% net margin.

Chart by TradingView
60/100
Stocktoria Quality Score · grade B
5/9
Piotroski F — financial health
8.85
Altman Z″ — distress risk · safe
Dividend yield · no dividend
-2.4
Beneish M-score — earnings quality · low

Quality score trend · recomputed for each fiscal year

Piotroski F /9
2 8 5 5 8 8 5 6 7 5 2016201720182019202020212022202320242025
Altman Z″
0.98 3.26 5.30 5.04 5.85 6.98 6.62 8.10 8.45 8.85 2016201720182019202020212022202320242025

Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.

$128.77 as of 2026-08-01 · +341.1% 1y
$29.19$159.9352-wk

Beneish M-score: -2.4 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.

Market cap USD$10.2B
P / E187.5×
Net margin 5y avg9.2%
Return on equity 5y avg7.7%
Beta1.25
Employees2,153

Analyst price target

$138.62 +7.7% vs last
consensus: buy · 8 analysts
target range $64.00 – $175.00 · median $157.50
5 buy · 5 hold
Recent analyst actions
DateFirmRating
2026-07-30TD CowenHold (main)
2026-07-30Evercore ISI GroupOutperform (main)
2026-06-12B. Riley SecuritiesBuy (up)
2026-06-05Evercore ISI GroupOutperform (up)
2026-05-12B. Riley SecuritiesNeutral (main)
2026-05-12Craig-HallumBuy (up)

Wall Street analyst consensus — a sentiment gauge, not our scoring.

Forward estimates · earnings calendar →

Forward EPS est.$3.48
Forward P / E37.1×

Consensus analyst estimates and scheduled dates — forward-looking, may change.

Smart money · insiders, last 12 months

Insiders net sold -$3.7M on the open market · 12 trades

Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.

Revenue trend · last 10y · up

How it ranks in Manufacturing · percentile among 1957 companies

Piotroski Fstronger than 63%
Net marginstronger than 72%
Return on equitystronger than 66%
Revenue growthstronger than 43%

Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.

Piotroski F breakdown · 5/9 tests passed

Altman Z″ components · safe zone

ComponentValue
Working capital / assets0.354
Retained earnings / assets0.143
EBIT / assets0.047
Equity / liabilities5.48

Sector peers · similar-size Manufacturing companies compare side by side →

TickerCompanyPiotroski FAltman Z″P / ERevenue growth
FORMFORMFACTOR INC5/98.85187.5+2.8%
SLABSILICON LABORATORIES INC.5/911.34+34.3%
TET1 Energy Inc.4/9-2.54
PLABPHOTRONICS INC5/912.913.3-2%
ALABAstera Labs, Inc.5/914.56306.4+115.1%
RMBSRAMBUS INC5/913.7153.8+27.1%
AOSLALPHA & OMEGA SEMICONDUCTOR Ltd4/97.1+5.9%

All Manufacturing companies →

About FORMFACTOR INC

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.

FAQ

Is FORM financially healthy?

FORMFACTOR INC's Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.

Does FORM pay a dividend?

No, FORMFACTOR INC does not currently pay a dividend.

How profitable is FORM?

In FY2025, FORMFACTOR INC had a net margin of 6.9% and a return on equity of 5.3%.

Is FORM overvalued or undervalued?

FORMFACTOR INC trades at about 186.6× trailing earnings — above its 10-year norm (10-year range 10.9×–102.2×, median 41.3×). Stocktoria reports the data, not buy/sell advice.

What is the analyst price target for FORM?

The average Wall-Street price target for FORMFACTOR INC is $138.62, about 7.7% above the recent price, from 8 analysts (consensus: buy).

Is FORM a good stock to buy?

Stocktoria doesn't give buy or sell advice, but here is the data on FORMFACTOR INC: a Piotroski F-score of 5/9, an Altman Z″ in the safe zone, a P/E of about 187.5×. Weigh these quality and valuation signals against your own goals.

Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.