FormFactor Inc
FORM · NASDAQ · Technology / Semiconductor Equipment & Materials
$101.69-1.25 (-1.21%)
Close Sep 15, 2026 · end-of-day
Market Stats
Previous Close$102.94
Open$105.13
Day Range$100.39 – $105.17
52-Week Range$35.38 – $160.27
Volume968.85K
Market Cap$10.08B
P/E (TTM)90.87
Forward P/E36.63
EPS$1.42
Dividend Yield0.00%
Beta1.24
50-Day Avg$111.56
200-Day Avg$106.05
Price History
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About
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.
Company Details
- Sector
- Technology
- Industry
- Semiconductor Equipment & Materials
- CEO
- Dr. Michael D. Slessor Ph.D.
- Employees
- 2.15K
- Headquarters
- 7005 Southfront Road, Livermore, CA, United States, 94551, USA
- Website
- https://www.formfactor.com
Leadership
- Dr. Michael D. Slessor Ph.D.CEO, President & Director
- Mr. Aric McKinnisSenior VP & CFO · b. 1983
- Ms. Missy FigueroaSenior Vice President of Global Operations
- Mr. Steven NottSenior VP & Chief Information Officer
- Mr. Stan FinkelsteinHead of Investor Relations
- Mr. Alan Lop-Gate ChanSenior VP, Chief Legal Officer & Corporate Secretary · b. 1977
- Ms. Aliza ScottSenior VP & Chief Human Resources Officer
- Mr. Aasutosh DaveSenior Vice President & Chief Commercial Officer
- Mr. Sudhakar RamanSenior VP & GM of Probes Business Unit
- Mr. Jens KlattenhoffSenior VP & GM of Systems Business Unit
Financials
Income Statement
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $784.99M | $763.60M | $663.10M | $747.94M | $769.67M | $693.62M | $589.46M | $529.67M | $548.44M | $383.88M | $282.36M | $268.53M | $231.53M | $178.53M | $169.32M | $188.56M | $135.34M | $210.19M | $462.19M | $369.21M | $237.50M | $177.76M | $98.30M | $78.68M | $73.43M | $56.41M |
| Cost of Revenue | $477.78M | $455.68M | $404.52M | $451.93M | $446.91M | $405.70M | $351.97M | $319.34M | $332.84M | $281.20M | $196.62M | $191.09M | $189.25M | $153.20M | $148.37M | $190.84M | $134.52M | $173.93M | $215.48M | $178.24M | $130.10M | $90.16M | $49.93M | $39.46M | $38.38M | $28.24M |
| Gross Profit | $307.21M | $307.92M | $258.58M | $296.01M | $322.77M | $287.92M | $237.50M | $210.34M | $215.60M | $102.68M | $85.74M | $77.44M | $42.28M | $25.33M | $20.96M | $-2.27M | $819.00K | $36.26M | $246.71M | $190.98M | $107.39M | $87.60M | $48.37M | $39.23M | $35.05M | $-28.24M |
| Operating Income | $64.22M | $64.78M | $82.76M | $54.91M | $98.04M | $83.79M | $49.66M | $36.11M | $46.30M | $-47.91M | $-4.10M | $-20.56M | $-58.79M | $-64.12M | $-70.36M | $-197.18M | $-145.19M | $-138.01M | $93.20M | $72.83M | $35.30M | $36.11M | $12.28M | $6.59M | $-125.00K | $475.00K |
| EBITDA | $114.82M | $112.73M | $82.76M | $96.49M | $143.62M | $134.72M | $97.83M | $80.93M | $91.26M | $-1.01M | $20.23M | $13.82M | $-24.16M | $-47.13M | $-58.45M | $-96.71M | $-102.41M | $-92.27M | $120.01M | $94.72M | $51.81M | $43.73M | $17.42M | $11.98M | $-52.00K | $-55.93M |
| Net Income | $54.36M | $69.61M | $82.39M | $50.74M | $83.92M | $78.52M | $39.35M | $104.04M | $40.91M | $-6.56M | $-1.52M | $-19.18M | $-57.68M | $-35.54M | $-65.98M | $-188.29M | $-155.65M | $-80.62M | $72.89M | $60.79M | $30.18M | $25.18M | $8.56M | $10.36M | $45.00K | $2.08M |
| R&D | $115.92M | $121.94M | $115.77M | $109.22M | $100.94M | $89.03M | $81.50M | $74.98M | $73.81M | $57.45M | $44.18M | $42.73M | $42.14M | $40.13M | $43.54M | $55.39M | $57.51M | $65.51M | $60.95M | $46.61M | $28.35M | $19.81M | $15.57M | $14.59M | $14.62M | $11.99M |
| Interest Expense | $521.00K | $418.00K | $421.00K | $579.00K | $602.00K | $864.00K | $1.92M | $3.31M | $4.49M | $2.39M | $285.00K | $302.00K | $386.00K | $691.00K | $1.40M | $2.55M | $3.28M | $12.45M | $23.56M | $15.59M | $2.10M | $2.82M | $2.13M | $727.00K | $477.00K | $1.72M |
Balance Sheet
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.22B | $1.15B | $1.11B | $1.01B | $1.02B | $963.22M | $839.88M | $728.22M | $646.57M | $619.99M | $342.72M | $344.24M | $340.71M | $395.68M | $383.07M | $466.05M | $653.83M | $785.71M | $855.32M | $698.33M | $381.36M | $302.57M | $236.11M | $77.52M | $62.26M | $47.50M |
| Total Liabilities | $189.04M | $198.45M | $197.99M | $199.94M | $204.74M | $219.13M | $198.88M | $148.06M | $187.94M | $218.94M | $48.04M | $54.81M | $46.62M | $56.42M | $36.42M | $54.85M | $76.05M | $79.65M | $98.37M | $80.72M | $63.57M | $37.39M | $22.16M | $82.56M | $79.85M | $66.08M |
| Total Equity | $1.04B | $947.77M | $908.80M | $808.28M | $815.78M | $744.08M | $641.00M | $580.16M | $458.64M | $401.06M | $294.68M | $289.44M | $294.09M | $339.26M | $346.65M | $411.20M | $577.78M | $706.06M | $756.95M | $617.61M | $317.79M | $265.18M | $213.95M | $-5.04M | $-17.58M | $-18.59M |
| Cash | $103.33M | $190.73M | $177.81M | $109.13M | $151.01M | $187.22M | $144.54M | $98.47M | $91.18M | $101.41M | $146.26M | $113.94M | $59.20M | $72.24M | $139.05M | $121.21M | $122.04M | $337.93M | $315.23M | $284.13M | $31.22M | $34.84M | $116.31M | $26.79M | $20.57M | $11.93M |
| Total Debt | $44.85M | $39.23M | $48.15M | $50.37M | $63.27M | $69.19M | $94.12M | $64.81M | $105.67M | $141.88M | - | - | $270.00K | $913.00K | - | - | - | - | - | - | - | - | - | $1.50M | - | - |
| Net Debt | $-58.48M | $-151.50M | $-129.67M | $-58.76M | $-87.73M | $-118.03M | $-50.42M | $-33.66M | $14.49M | $36.77M | $-146.26M | $-113.94M | $-58.93M | $-71.33M | $-139.05M | $-121.21M | $-122.04M | $-337.93M | $-315.23M | $-284.13M | $-31.22M | $-34.84M | $-116.31M | $-25.29M | - | - |
Cash Flow
| Line item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $115.40M | $117.53M | $64.60M | $131.79M | $139.36M | $169.26M | $121.05M | $68.70M | $86.32M | $17.42M | $36.12M | $17.66M | $-5.80M | $-26.23M | $-29.34M | $-73.10M | $-52.67M | $-24.37M | $84.80M | $105.37M | $37.75M | $35.67M | $12.97M | $12.85M | $10.26M | $935.00K |
| Investing Cash Flow | $-191.47M | $-33.48M | $29.05M | $-75.70M | $-124.74M | $-98.92M | $-66.35M | $-21.30M | $-59.67M | $-206.32M | $1.13M | $37.34M | $-7.75M | $-40.70M | $60.71M | $69.84M | $-174.41M | $40.74M | $-95.08M | - | $-53.96M | $-28.19M | $-64.07M | $-7.50M | - | $4.21M |
| Financing Cash Flow | $-13.63M | $-64.61M | $-22.71M | $-95.93M | $-47.20M | $-30.93M | $-6.58M | $-39.33M | $-39.47M | $143.61M | $-4.79M | $2.54M | $2.00M | $2.14M | $-12.90M | $3.10M | $11.45M | $5.95M | $41.48M | $214.91M | $12.39M | $14.49M | $140.58M | $863.00K | $9.98M | $2.46M |
| Capital Expenditure | $103.66M | $38.44M | $56.03M | $65.25M | $66.50M | $55.87M | $20.85M | $19.87M | $17.76M | $11.52M | $8.64M | $5.67M | $8.53M | $7.95M | $7.70M | $30.91M | $18.97M | $30.25M | $48.66M | $38.14M | $28.32M | $37.73M | $9.08M | $4.18M | $9.36M | $6.29M |
| Free Cash Flow | $11.74M | $79.10M | $8.57M | $66.53M | $72.87M | $113.39M | $100.20M | $48.83M | $68.57M | $5.90M | $27.48M | $11.99M | $-14.33M | $-34.18M | $-37.04M | $-104.01M | $-71.64M | $-54.62M | $36.15M | $67.24M | $9.43M | $35.67M | $3.89M | $8.68M | - | - |
| Dividends Paid | - | - | $1 | - | - | $15.45M | $8.03M | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 | - | - | - | - | - | - | - | - | - | - | - |
Earnings
| Report Date | Nov 4, 2026 | Jul 29, 2026 | Apr 29, 2026 | Feb 4, 2026 | Oct 29, 2025 | Jul 30, 2025 | Apr 30, 2025 | Feb 5, 2025 | Oct 30, 2024 | Jul 31, 2024 | May 1, 2024 | Feb 7, 2024 | Nov 1, 2023 | Aug 2, 2023 | May 3, 2023 | Feb 8, 2023 | Oct 26, 2022 | Jul 27, 2022 | Apr 27, 2022 | Feb 2, 2022 | Oct 27, 2021 | Jul 28, 2021 | Apr 28, 2021 | Feb 3, 2021 | Oct 28, 2020 | Jul 30, 2020 | May 6, 2020 | Feb 5, 2020 | Oct 30, 2019 | Jul 31, 2019 | May 1, 2019 | Feb 6, 2019 | Oct 31, 2018 | Aug 1, 2018 | May 2, 2018 | Feb 7, 2018 | Oct 31, 2017 | Aug 2, 2017 | May 3, 2017 | Feb 8, 2017 | Oct 27, 2016 | Aug 2, 2016 | Apr 27, 2016 | Feb 4, 2016 | Oct 28, 2015 | Jul 29, 2015 | Apr 29, 2015 | Feb 4, 2015 | Oct 29, 2014 | Jul 30, 2014 | Apr 30, 2014 | Feb 5, 2014 | Oct 24, 2013 | Jul 31, 2013 | May 1, 2013 | Feb 6, 2013 | Nov 1, 2012 | Aug 1, 2012 | May 1, 2012 | Feb 7, 2012 | Oct 27, 2011 | Jul 26, 2011 | Apr 26, 2011 | Feb 1, 2011 | Oct 26, 2010 | Jul 27, 2010 | Apr 27, 2010 | Jan 28, 2010 | Oct 28, 2009 | Jul 29, 2009 | Apr 29, 2009 | Jan 28, 2009 | Oct 28, 2008 | Jul 30, 2008 | Apr 29, 2008 | Feb 5, 2008 | Nov 9, 2007 | Jul 25, 2007 | Apr 25, 2007 | Jan 31, 2007 | Oct 25, 2006 | Jul 27, 2006 | Apr 26, 2006 | Feb 1, 2006 | Oct 19, 2005 | Jul 20, 2005 | Apr 20, 2005 | Feb 10, 2005 | Oct 19, 2004 | Jul 20, 2004 | Apr 22, 2004 | Jan 20, 2004 | Oct 16, 2003 | Jul 29, 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS Estimate | $0.78 | $0.51 | $0.44 | $0.35 | $0.25 | $0.30 | $0.19 | $0.29 | $0.31 | $0.31 | $0.19 | $0.20 | $0.17 | $0.12 | $0.13 | $0.03 | $0.21 | $0.43 | $0.39 | $0.41 | $0.35 | $0.32 | $0.38 | $0.38 | $0.34 | $0.28 | $0.22 | $0.31 | $0.21 | $0.18 | $0.17 | $0.25 | $0.23 | $0.23 | $0.16 | $0.27 | $0.32 | $0.28 | $0.20 | $0.19 | $0.21 | $0.10 | $-0.11 | $0.08 | $0.03 | $0.09 | $0.07 | $0.06 | $0.12 | $0.07 | $-0.10 | $-0.23 | $0.04 | $-0.04 | $-0.18 | $-0.28 | $-0.25 | $-0.13 | $-0.47 | $-0.42 | $-0.17 | $-0.29 | $-0.40 | $-0.45 | $-0.56 | $-0.61 | $-0.57 | $-0.59 | $-0.41 | $-0.46 | $-0.46 | $-0.46 | $-0.39 | $-0.46 | $-0.20 | $0.36 | $0.39 | $0.34 | $0.30 | $0.31 | $0.33 | $0.28 | $0.23 | $0.21 | $0.15 | $0.15 | $0.11 | $0.12 | $0.19 | $0.15 | $0.12 | $0.08 | $0.05 | $0.03 |
| EPS Actual | - | $0.74 | $0.56 | $0.46 | $0.33 | $0.27 | $0.23 | $0.27 | $0.35 | $0.35 | $0.18 | $0.20 | $0.22 | $0.14 | $0.16 | $0.05 | $0.24 | $0.46 | $0.49 | $0.44 | $0.40 | $0.36 | $0.38 | $0.44 | $0.39 | $0.33 | $0.33 | $0.41 | $0.22 | $0.21 | $0.20 | $0.31 | $0.26 | $0.27 | $0.17 | $0.24 | $0.34 | $0.40 | $0.24 | $0.20 | $0.22 | $0.13 | $-0.11 | $0.10 | $0.06 | $0.11 | $0.10 | $0.11 | $0.16 | $0.08 | $-0.04 | $-0.20 | $-0.06 | $-0.01 | $-0.13 | $-0.25 | $-0.15 | $-0.01 | $-0.35 | $-0.45 | $-0.19 | $-0.20 | $-0.40 | $-0.38 | $-0.63 | $-0.63 | $-0.69 | $-0.55 | $-0.48 | $-0.43 | $-0.61 | $-0.52 | $-0.34 | $-0.34 | $-0.29 | $0.36 | $0.45 | $0.38 | $0.30 | $0.39 | $0.33 | $0.32 | $0.25 | $0.26 | $0.17 | $0.13 | $0.12 | $0.14 | $0.19 | $0.17 | $0.13 | $0.10 | $0.07 | $0.04 |
| Surprise | - | 45.10% | 27.27% | 31.43% | 32.00% | -10.00% | 21.05% | -6.90% | 12.90% | 12.90% | -5.26% | 0.00% | 29.41% | 16.67% | 23.08% | 66.67% | 14.29% | 6.98% | 25.64% | 7.32% | 14.29% | 12.50% | 0.00% | 15.79% | 14.71% | 17.86% | 50.00% | 32.26% | 4.76% | 16.67% | 17.65% | 24.00% | 13.04% | 17.39% | 6.25% | -11.11% | 6.25% | 42.86% | 20.00% | 5.26% | 4.76% | 30.00% | 0.00% | 25.00% | 100.00% | 22.22% | 42.86% | 83.33% | 33.33% | 14.29% | 60.00% | 13.04% | -250.00% | 75.00% | 27.78% | 10.71% | 40.00% | 92.31% | 25.53% | -7.14% | -11.76% | 31.03% | 0.00% | 15.56% | -12.50% | -3.28% | -21.05% | 6.78% | -17.07% | 6.52% | -32.61% | -13.04% | 12.82% | 26.09% | -45.00% | 0.00% | 15.38% | 11.76% | 0.00% | 25.81% | 0.00% | 14.29% | 8.70% | 23.81% | 13.33% | -13.33% | 9.09% | 16.67% | 0.00% | 13.33% | 8.33% | 25.00% | 40.00% | 33.33% |
| Timing | - | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | Pre-market | After-hours | After-hours | Pre-market | After-hours | Pre-market | After-hours | After-hours | After-hours | Pre-market | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | Pre-market | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours | - | After-hours | After-hours | After-hours | After-hours | After-hours | After-hours |
Key Statistics & Ratios
- Market Cap
- $10.08B
- Enterprise Value
- $9.95B
- Trailing P/E
- 90.87
- Forward P/E
- 36.63
- PEG Ratio
- 1.39
- Price / Sales
- 11.15
- Price / Book
- 9.23
- EPS
- $1.42
- Book Value
- $14.23
- Revenue (TTM)
- $902.23M
- Gross Profit (TTM)
- $416.66M
- EBITDA
- $186.77M
- Profit Margin
- 12.80%
- Operating Margin
- 24.12%
- Return on Equity
- 10.99%
- Return on Assets
- 7.40%
- Shares Outstanding
- 78.12M
- Shares Float
- 77.46M
- Beta
- 1.24
- Dividend Yield
- 0.00%
- Dividend Rate
- $0
- Payout Ratio
- 0.00%
Analyst Ratings
Sell
Based on 10 analystsTarget $138.63
- Strong Buy3
- Buy1
- Hold6
Ownership Breakdown
- Institutions
- 94.66%
- Insiders
- 0.76%
- Retail / Other
- 4.58%
Top Institutional Holders
- BlackRock Inc12.25M15.68%
- Vanguard Portfolio Management, LLC5.88M7.53%
- Earnest Partners LLC4.88M6.24%
- Vanguard Capital Management, LLC3.47M4.45%
- State Street Corp2.93M3.75%
- Bank of America Corp2.48M3.18%
- Polar Capital Holdings PLC2.29M2.93%
- AllianceBernstein L.P.2.23M2.86%
- Geode Capital Management, LLC2.19M2.80%
- PRIMECAP Management Company1.69M2.16%
- SEI Investments Co1.68M2.15%
- Dimensional Fund Advisors, Inc.1.42M1.82%
- Ameriprise Financial Inc1.40M1.80%
- Morgan Stanley - Brokerage Accounts1.31M1.68%
- Amvescap Plc.1.24M1.59%
- Fuller & Thaler Asset Management Inc1.14M1.46%
Top Fund Holders
- iShares Core S&P Small-Cap ETF4.75M6.08%
- Vanguard MStar Total Stk Mkt Idx Invest2.48M3.17%
- Vanguard Small Cap Index1.79M2.30%
- Polar Capital Global Tech Inc1.25M1.60%