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 |
LIVERMORE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the first quarter of fiscal 2025 ended March 29, 2025. Quarterly revenues were $171.4 million, a decrease of 9.6% compared to $189.5 million in the fourth quarter of fiscal 2024, and an increase of 1.6% from $168.7 million in the first quarter of fiscal 2024. Foundry & Logic first-quarter demand increased low single digits sequentiallyExperienced reduction in DRAM as export controls limited FormFactor's ability to ship probe cards for advanced node designs to ChinaClosed acquisition of minority interest in FICT Limited, a key supplier of advanced probe card co
LIVERMORE, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2025 fiscal first quarter on Wednesday, April 30th, 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 will be availa
LIVERMORE, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a supplier of electrical test and measurement technologies, has introduced the EVOLVITY™ 300, a semi-automated engineering wafer probe system that complements the company's proven CM300 product line. The EVOLVITY 300 simplifies on-wafer probing with its compact, easy-to-use design, developed specifically for RF/DC modeling and device characterization. While the CM300 is a modular platform adaptable to a wide range of use cases and customer-specific applications, supporting both manual and automated wafer loading, the EVOLVITY 300 includes the most commonly required features as standard, ensuring ease of
LIVERMORE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leading provider of test and measurement technologies for the semiconductor industry, is pleased to announce the significant expansion of its Taiwan Service Center. This strategic investment aims to enhance the company's capabilities and better serve its customers in Taiwan and across Asia. The service center plays a pivotal role in supporting new technologies for chip manufacturers developing advanced packaging technologies driven by advancements in artificial intelligence (AI), high-performance computing (HPC), mobile, and automotive applications. The newly expanded facility features double the clean
LIVERMORE, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM), a leader in precision test and measurement solutions, and Delft Circuits, an innovator in high-density cryogenic cabling solutions, have teamed up to integrate Delft Circuits' Cri/oFlex® product portfolio into FormFactor's cryogenic test systems. This partnership addresses the growing demand for scalable, high-density interconnect solutions in quantum computing, enabling the industry to meet growing demands for computation power and efficient system interfacing. As quantum technology continues to evolve, systems must support higher channel densities to meet increasing computational requirements. FormFact
LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners ("MBKP"), of FICT Limited ("FICT"). As stated on February 5th, 2025, this transaction secures FormFactor's access to FICT's essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets. FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company's board o
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., April 30, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) today announced its financial results for the first quarter of fiscal 2025 ended March 29, 2025. Quarterly revenues were $171.4 million, a decrease of 9.6% compared to $189.5 million in the fourth quarter of fiscal 2024, and an increase of 1.6% from $168.7 million in the first quarter of fiscal 2024. Foundry & Logic first-quarter demand increased low single digits sequentiallyExperienced reduction in DRAM as export controls limited FormFactor's ability to ship probe cards for advanced node designs to ChinaClosed acquisition of minority interest in FICT Limited, a key supplier of advanced probe card co
LIVERMORE, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ:FORM) will report financial results for its 2025 fiscal first quarter on Wednesday, April 30th, 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 will be availa
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., 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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