FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyse accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems consisting of thermal chucks and other test systems used in probe stations; and precision cryogenic instruments. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, the Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.
IPO Year: 2003
Exchange: NASDAQ
Website: formfactor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2025 | $64.00 → $34.00 | Buy → Neutral | B. Riley Securities |
| 1/13/2025 | Buy → Hold | Needham | |
| 1/6/2025 | $44.00 → $51.00 | Neutral → Buy | Citigroup |
| 10/31/2024 | $60.00 → $44.00 | Hold | TD Cowen |
| 8/1/2024 | $48.00 → $60.00 | Hold | TD Cowen |
| 5/2/2024 | $37.00 → $48.00 | Hold | TD Cowen |
| 4/16/2024 | $50.00 | In-line | Evercore ISI |
| 2/8/2024 | $33.00 → $37.00 | Market Perform | TD Cowen |
| 7/17/2023 | $32.00 | Outperform → Market Perform | Northland Capital |
| 4/3/2023 | $25.00 → $33.00 | Buy → Neutral | Citigroup |
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LIVERMORE, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced the appointment of Kevin Brewer to its Board of Directors effective immediately. "We are pleased to welcome Kevin Brewer to the Board of Directors of FormFactor," said Tom St. Dennis, Chairperson of the Board of Directors. "Kevin has a strong background in finance and operations that will be of great value to FormFactor as the company achieves and surpasses our target financial model." Mr. Brewer joins the FormFactor Board of Directors with over 40 years of experience in the semiconductor and high-tech industries. Mr. Brewer served as the Chief Financial Officer and Executive Vice Preside
LIVERMORE, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced the appointment of Brian White to its Board of Directors effective immediately. "FormFactor is very fortunate to have Brian White join our Board of Directors. Brian brings exceptional experience in our industry as well as deep functional expertise in finance," said Tom St. Dennis, Chairperson of the Board of Directors. "I look forward to Brian's contributions as FormFactor continues to grow its leadership position in the semiconductor industry." Mr. White joins the FormFactor Board of Directors with over 29 years of experience in the semiconductor and high-tech industries. Mr. White curre
LIVERMORE, Calif., June 09, 2021 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Jorge Titinger to its Board of Directors effective immediately. Mr. Titinger joins the FormFactor Board of Directors with over 30 years of experience in the high-tech industry and has held various executive positions in the semiconductor equipment and computer industries. Mr. Titinger is Founder and CEO of Titinger Consulting, a consulting firm focused on providing strategy, corporate transformation, and culture advice to its clients. From February 2012 to November 2016 Mr. Titinger served as President, Chief Executive Officer and director of Silicon Graphics, Inc. Mr.
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B. Riley Securities downgraded FormFactor from Buy to Neutral and set a new price target of $34.00 from $64.00 previously
Needham downgraded FormFactor from Buy to Hold
Citigroup upgraded FormFactor from Neutral to Buy and set a new price target of $51.00 from $44.00 previously
TD Cowen reiterated coverage of FormFactor with a rating of Hold and set a new price target of $44.00 from $60.00 previously
TD Cowen reiterated coverage of FormFactor with a rating of Hold and set a new price target of $60.00 from $48.00 previously
TD Cowen reiterated coverage of FormFactor with a rating of Hold and set a new price target of $48.00 from $37.00 previously
Evercore ISI initiated coverage of FormFactor with a rating of In-line and set a new price target of $50.00
TD Cowen reiterated coverage of FormFactor with a rating of Market Perform and set a new price target of $37.00 from $33.00 previously
Northland Capital downgraded FormFactor from Outperform to Market Perform and set a new price target of $32.00
Citigroup downgraded FormFactor from Buy to Neutral and set a new price target of $33.00 from $25.00 previously
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FY24 revenue of $764 million, up 15.2% from $663 million in FY23, driven by growth in HBM revenue;Announces acquisition of minority interest in FICT Limited, a key supplier of industry-leading, high-performance advanced probe card components LIVERMORE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the fourth quarter of fiscal 2024 ended December 28, 2024. Quarterly revenues were $189.5 million, a decrease of 8.9% compared to $207.9 million in the third quarter of fiscal 2024, and an increase of 12.7% from $168.2 million in the fourth quarter of fiscal 2023. For fiscal 2024, FormFactor recorded revenues of $764 million,
LIVERMORE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal fourth quarter on Wednesday, February 5th, 2025, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay w
LIVERMORE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading supplier of electrical test and measurement solutions for the semiconductor industry, announced today that it has entered into technology partnership and share purchase agreements with Advantest Corporation (TSE: 6857). The expanded partnership and purchase of FormFactor shares by Advantest build upon a multi-year collaboration between the companies, including FormFactor's 2020 purchase of Advantest's probe-card assets and the recent announcement to partner in developing wafer-level test cells for high-volume manufacturing of silicon photonics integrated circuits. With the adoption of advanced p
LIVERMORE, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) is pleased to announce its participation in the 27th Annual Needham Growth Conference on January 14-15, 2025. FormFactor is scheduled to present on Wednesday, January 15 at 10:15AM ET. The company's Chief Execute Officer, Michael Slessor, will present. The public is invited to listen to a live webcast of FormFactor's presentation, which can be accessed from the investors' section of the company's website at www.formfactor.com. Replay of the webcast will also be available at www.formfactor.com. About FormFactor: FormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement techn
LIVERMORE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced that it will be joining 17 other companies in collectively hosting the 13th Annual NYC Summit investor conference, being held Tuesday, December 17th at Mastro's Steakhouse New York. The presentation material utilized during the NYC Summit will be made accessible on the events page of the Company's website at www.formfactor.com. About the 13th Annual NYC Summit The NYC Summit is collectively hosted and funded by participating companies and features a "round-robin" format consisting of small group meetings with company management teams. During the event, investors and analysts will ha
LIVERMORE, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) is pleased to announce its participation in the following investor conference: UBS Global Technology Conference Location: The Phoenician HotelDate: December 3rd - 4th, 2024Format: 1:1's Only About FormFactor: FormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The C
LIVERMORE, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading supplier of electrical test and measurement solutions for the semiconductor industry, announced today that it has been recognized as an outstanding partner by SK hynix, a global leader in DRAM and Flash memory manufacturing. The award honors FormFactor for its significant contributions to SK hynix's growth and competitive strength, driven by technological innovations in probe cards for advanced package test. As a trusted supplier, FormFactor provides SK hynix with advanced wafer probe cards for high-bandwidth memory (HBM) testing, high-throughput one-touchdown DRAM testing, and engineering probe
Record Quarterly Revenue, Profitability at the Top End of the Outlook Range;Sees Reduced Demand for Foundry and Logic in Q4, Partially Offset by Continued Strength in DRAM LIVERMORE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the third quarter of fiscal 2024 ended September 28, 2024. Quarterly revenues were $207.9 million, a company record and an increase of 5.3% compared to $197.5 million in the second quarter of fiscal 2024, and an increase of 21.2% from $171.6 million in the third quarter of fiscal 2023. Record revenue in the third quarter exceeded outlook range and non-GAAP EPS was at the top end of the range.Str
LIVERMORE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal third quarter on Wednesday, October 30th, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Inves
LIVERMORE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) is pleased to announce its participation in the following investor conferences: Citi's 2024 Global TMT Conference Location: The Lotte New York Palace HotelDate: September 4, 2024Format: 1:1's Only CL King's 22nd Annual Best Ideas Conference 2024Location: VirtualDate: September 16, 2024Presentation Time: 11:00am-11:35am ET About FormFactor: FormFactor, Inc. (NASDAQ:FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon
FY24 revenue of $764 million, up 15.2% from $663 million in FY23, driven by growth in HBM revenue;Announces acquisition of minority interest in FICT Limited, a key supplier of industry-leading, high-performance advanced probe card components LIVERMORE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the fourth quarter of fiscal 2024 ended December 28, 2024. Quarterly revenues were $189.5 million, a decrease of 8.9% compared to $207.9 million in the third quarter of fiscal 2024, and an increase of 12.7% from $168.2 million in the fourth quarter of fiscal 2023. For fiscal 2024, FormFactor recorded revenues of $764 million,
LIVERMORE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal fourth quarter on Wednesday, February 5th, 2025, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay w
Record Quarterly Revenue, Profitability at the Top End of the Outlook Range;Sees Reduced Demand for Foundry and Logic in Q4, Partially Offset by Continued Strength in DRAM LIVERMORE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the third quarter of fiscal 2024 ended September 28, 2024. Quarterly revenues were $207.9 million, a company record and an increase of 5.3% compared to $197.5 million in the second quarter of fiscal 2024, and an increase of 21.2% from $171.6 million in the third quarter of fiscal 2023. Record revenue in the third quarter exceeded outlook range and non-GAAP EPS was at the top end of the range.Str
LIVERMORE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal third quarter on Wednesday, October 30th, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Inves
Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range;Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% compared to $168.7 million in the first quarter of fiscal 2024, and an increase of 26.7% from $155.9 million in the second quarter of fiscal 2023. Probe Card segment strength, which was expected, drove second-quarter results, with sequential increases in Foundry & Logic, DRAM and Flash markets.DRAM probe card revenue reached an all-ti
LIVERMORE, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal second quarter on Wednesday, July 31st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be availab
LIVERMORE, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the first quarter of fiscal 2024 ended March 30, 2024. Quarterly revenues were $168.7 million, an increase of 0.3% compared to $168.2 million in the fourth quarter of fiscal 2023, and an increase of 0.8% from $167.4 million in the first quarter of fiscal 2023. Revenue near the top-end of the outlook range; non-GAAP gross margins below the outlook range, due to weaker product mix in both segments and higher warranty costs; and non-GAAP EPS slightly below the midpoint of the outlook range, due to the lower-than-expected gross margins.Robust DRAM demand, with strong
LIVERMORE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2024 fiscal first quarter on Wednesday, May 1st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Investors
LIVERMORE, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the fourth quarter of fiscal 2023 ended December 30, 2023. Quarterly revenues were $168.2 million, a decrease of 2.0% compared to $171.6 million in the third quarter of fiscal 2023, and an increase of 1.3% from $166.0 million in the fourth quarter of fiscal 2022. For fiscal 2023, FormFactor recorded revenues of $663 million, down 11.3% from $748 million in fiscal 2022. Experienced relatively stable demand as the result of its differentiated product diversification strategy.Benefited from strong demand for DRAM probe cards driven by growth of high-bandwidth-memory,
LIVERMORE, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2023 fiscal fourth quarter on Wednesday, February 7th, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. A replay of the conference call will be available approximately two hours after the conclusion of the call. The replay will be available on the Inves