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TickerTalks›$FORM
FOFORM

FormFactor, Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 32% YoY at strong marginsStreet coverage with positive forward estimatesConsistent chatter on X (242/wk), no spike
$FORM·$9.2B·Semiconductors·Technology
$100.61-1.1%YTD+108.0%1Y+253.9%
Mentions · last 7 days
2026-08-22: 22 posts2026-08-23: 34 posts2026-08-24: 40 posts242+13%
Price updated 14h ago·X counts updated 8d ago
FOFORM
$FORMFormFactor, Inc.
$100.61-1.07%242 posts+13%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $FORM, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersWinding up for a moveAI verdict · as of 2026-09-01

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

NVDA HBM4 shift lifts DDR5 test-socket demand; CEO monetized $11.75M in early August.

FormFactor makes semiconductor test probes and sockets — the specific hardware that qualifies every DRAM, HBM, and DDR chip before it ships. The equity has ridden the AI-memory cycle up 254% over twelve months.

Why the coil is worth naming:

  • Growth is real and cycle-aligned — last quarter revenue grew 32% YoY to $232M at a 42% gross margin and 21% operating margin; consensus is $1.03B with $3.05 EPS, and at $100 the stock trades near 33x forward.
  • The AI-memory tailwind has a specific twist — NVDA reducing HBM4 usage should push more DDR5 capacity online, which is net positive for the test-socket demand FORM captures on both HBM and DDR ramps.
  • Structural tape is compressed — 55% of the 52-week range, essentially at the 200-day, volume 87% of average; the recent action is consolidation after a big run.
  • Insider tape is loud — CEO Mike Slessor sold $2.1M open-market on Aug 14 plus $9.65M F-InKind on Aug 7; ~$11.75M of CEO monetization on a $9B name is the specific signal alongside the AI-memory thesis.
  • The 133x trailing PE reflects a peak-cycle multiple that requires continued HBM/DDR ramp; a memory-cycle rollover would hit both the numerator and the multiple.

The coil resolves higher on the Nov 4 print if the FY27 revenue guide reflects continued HBM/DDR test-socket demand; the wrong way if the memory-cycle wobble (that just hit WDC and Samsung) shows up in FORM's book-to-bill, since the tape has already started pricing that risk on peers.

Agrees with X sentimentX is right that the NVDA-HBM4-into-DDR5 read is a specific bullish input for FORM; the crowd is under-weighting the $11.75M CEO monetization cluster in early August, which belongs alongside the AI-memory thesis.

What to watch: Nov 4 earnings — FY27 revenue guide, HBM/DDR mix commentary, and book-to-bill; a memory-cycle wobble showing in the book-to-bill is the invalidation.

On the calendar: 2026-11-04 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment7 posts analyzed · as of 2026-08-30

Chatter is dominated by crypto FORM traders celebrating a 30-40% run, a clean weekly breakout-and-retest and expectations of a 2x move in the short to mid term. On the equity side, a single fundamentals post argues NVDA's reduction in HBM4 usage should push more DDR5 capacity online, framing that as a net positive for FormFactor and Rambus. The tone across both interpretations is uniformly upbeat with no notable pushback.

Read the AI verdict + X sentiment for $FORM

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes semiconductor probe cards and analytical tools used to test chips at wafer level before packaging.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $FORM.

Semiconductors · Technology

Hyperscaler AI capex keeps Blackwell allocation tight and HBM3e pricing firm; NVDA's data-center backlog and AVGO's networking wins confirm the cycle is not peaking. LLM context-window expansion — the structural demand pull — extends through at least 2H26.

What this means for $FORM

Direct beneficiary — semiconductor products are directly in the AI capex supply chain; FormFactor, Inc.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+94.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
132.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
8.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
12.7%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
0.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
10.8Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
6.7%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
42.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 29, 2026$0.82$0.61+34.6%
Q1 2026Apr 29, 2026$0.56$0.45+24.4%
Q4 2025Feb 4, 2026$0.46$0.35+31.4%
Q3 2025Oct 29, 2025$0.33$0.25+32.0%
Next earningsWed, Nov 4·consensus EPS $0.86

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$226.1M+32.0%47.9%20.8%$0.26$29.8M
Q4 FY25$215.2M+13.6%42.8%13.1%$0.30$34.7M
Q3 FY25$202.7M-2.5%39.7%9.4%$0.20$19.5M
Q2 FY25$195.8M-0.8%37.2%6.3%$0.12$-47.4M

Forward consensus

3-year forecast · up to 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$1.0B$1.0B – $1.0B$3.05$2.86 – $3.117
FY27$1.2B$1.1B – $1.3B$3.75$3.19 – $4.758
FY28$1.2B$1.1B – $1.4B$4.38$3.86 – $4.742

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.55%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-14.7%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-0.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 77.4M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.255-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 14Mike SlessorCEO16.0K sh$2.1MSellJul 15Mike SlessorCEO4.7K sh$560KSellJun 15St Dennis ThomasDirector2.8K sh$424KSellJun 10Mike SlessorCEO11.9K sh$1.4MSellJun 2Sheri RhodesDirector6.3K sh$794KSellMay 21Rebeca Obregon-jimenezDirector3.8K sh$484KSellMay 20Brian C WhiteDirector3.3K sh$410KSellMay 19St Dennis ThomasDirector1.0K sh$116KSellMay 15Kelley Steven-waissDirector5.4K sh$678KSellMay 13Jorge TitingerDirector4.0K sh$516K
1–10 of 14
+ 32 other (11 exempts · 11 inkinds · 9 awards · 1 gift) in window

See when $FORM insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KOfficer or director changeMay 198-K — Item 5.02: Officer or director change · Item 5.03: Charter amendment · Item 5.07: Shareholder vote
AI summary

FormFactor, Inc. held its 2026 Annual Meeting of Stockholders on May 15, 2026, at which shareholders approved: (1) an amendment to the 2012 Equity Incentive Plan increasing authorized shares by 5,000,000; and (2) an amendment to the Certificate of Incorporation providing officer exculpation as permitted under recently amended Delaware law. The equity plan adds 5M shares for compensation grants; the officer exculpation provision aligns FormFactor with the Delaware trend of expanding officer liability protection (paralleling existing director protections). Both actions are governance-oriented with modest shareholder impact.

+ 16 other (6 13Gs · 2 10-Qs · 2 earnings 8-Ks · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

FormFactor (FORM) Up 4.6% Since Last Earnings Report: Can It Continue?zacks.com·4d agoFormFactor CEO Mike Slessor Sells 16,002 Shares for $2 Millionfool.com·5d agoAlgert Global LLC Lowers Stake in FormFactor, Inc. $FORMdefenseworld.net·5d ago1 Quantum Computing Stock Everyone's Ignoring While IonQ Gets the Headlinesfool.com·7d agoWall Street Analysts Think FormFactor (FORM) Could Surge 28.92%: Read This Before Placing a Betzacks.com·7d ago

In themes

Explore the broader themes this ticker is being talked about under.

Quantum ComputingSemiconductor OnshoringAdvanced Packaging & AI Interconnect

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Voices on X · top 4 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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