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FORM vs SWKS
Which Stock Would AI Choose? FormFactor (FORM) vs. Skyworks Solutions (SWKS) Stock Comparison
Key Takeaways
- FORM is a semiconductor test-and-measurement specialist riding strong AI and high-bandwidth memory (HBM) demand, while SWKS is an RF and analog chipmaker focused on smartphones and other wireless applications.
- FormFactor has delivered record revenue and sharply expanding margins, whereas Skyworks is navigating a contracting smartphone market and integration of its Qorvo combination.
- FormFactor has shown stronger recent momentum and growth, while Skyworks offers scale, a dividend, and diversification across mobile and broad markets.
- Both carry elevated valuations and customer-concentration risk, but their growth drivers and risk profiles differ materially.
Introduction
Investors comparing semiconductor stocks often weigh growth momentum against diversification and valuation. FORM (FormFactor, Inc.) and SWKS (Skyworks Solutions, Inc.) operate in different corners of the chip industry, yet both are sensitive to the same macro forces shaping the technology sector. FormFactor supplies the test-and-measurement equipment used to validate advanced chips, while Skyworks produces radio-frequency (RF) and analog components that enable wireless connectivity. This stock comparison is most relevant for traders and investors seeking to understand how relative performance and market positioning diverge between an AI-driven growth story and a diversified but smartphone-exposed franchise.
FORM Overview and Recent Performance
FormFactor, Inc. provides essential test-and-measurement technologies used across the semiconductor product life cycle, including probe cards that test memory and logic chips. The company has emerged as a notable beneficiary of the AI infrastructure buildout, driven by record demand for DRAM and high-bandwidth memory (HBM) used in advanced computing systems. In recent weeks, FormFactor reported its second consecutive all-time record quarter, with revenue up roughly 32% year over year and non-GAAP (non-GAAP, or non-Generally Accepted Accounting Principles) gross margin expanding materially.
Recent market activity reflects strong investor enthusiasm, with the stock up substantially year to date, outpacing the broader technology sector. Sentiment has been supported by rising HBM test intensity, expanding exposure to networking, GPUs (graphics processing units), and custom ASICs (application-specific integrated circuits), and early traction in co-packaged optics. At the same time, the shares trade at a premium valuation, and near-term growth is partly constrained by production capacity that is not expected to fully ramp until a new Texas manufacturing facility comes online.
SWKS Overview and Recent Performance
Skyworks Solutions, Inc. designs and manufactures analog and mixed-signal semiconductors, most prominently RF front-end modules that connect smartphones and other devices to wireless networks. The company completed its combination with Qorvo in recent months, creating a broader radio-frequency, power-management, and analog platform with projected annual cost synergies of $500 million or more. Skyworks has a substantial presence in mobile handsets, which account for a large majority of revenue, alongside a growing "broad markets" segment serving automotive, industrial, and infrastructure applications.
Recent performance has been mixed. The shares have rebounded over recent months as investors weighed merger integration progress and synergy potential, but the company continues to face a contracting smartphone market and customer-concentration risk tied to a single major handset maker. Skyworks pays a dividend and operates at a much larger revenue scale than FormFactor, yet its growth trajectory remains comparatively modest. Analysts remain split, with some citing near-term earnings accretion from the Qorvo deal and others cautioning that much of the benefit may already be reflected in the share price.
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Head-to-Head Comparison
The two companies occupy distinct segments of the semiconductor value chain. FormFactor is a picks-and-shovels play on chip complexity, benefiting as advanced packaging, HBM stacks, and chiplet architectures require more intensive testing. Its growth is closely tied to AI capital expenditure, and its customer base is concentrated among memory makers and high-performance computing leaders. Skyworks, by contrast, is a component supplier whose fortunes are tied more directly to smartphone shipment cycles, a market that has been soft in recent quarters.
Growth drivers differ sharply: FormFactor's expansion is powered by rising test intensity and new design wins in HBM and co-packaged optics, while Skyworks is leaning on merger synergies and diversification beyond handsets to offset mobile weakness. On valuation, FormFactor trades at a notably higher price-to-sales multiple, reflecting faster growth, while Skyworks offers a dividend yield and larger scale. Risk profiles also contrast—FormFactor faces capacity constraints and AI-spending cyclicality, whereas Skyworks contends with customer concentration and integration execution risk.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely favor FORM in the current environment. The company demonstrates more consistent upward trend momentum, accelerating revenue growth, expanding margins, and multiple catalysts tied to HBM, networking, and co-packaged optics. In contrast, SWKS faces a softer demand backdrop and integration uncertainty, even as its Qorvo combination offers longer-term synergy potential. This assessment is probabilistic rather than definitive: FormFactor's premium valuation and capacity constraints introduce downside risk if AI spending moderates, while Skyworks could re-rate if merger synergies materialize faster than expected. As always, relative positioning may shift as new data emerges.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is FORM is a StrongBuy and SWKS is a Hold.
FORM in upward trend: price may jump up because it broke its lower Bollinger Band on October 14, 2026
FORM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 33 of 34 cases where FORM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for FORM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +14.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where FORM advanced for three days, in 238 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
The Aroon Indicator entered an Uptrend today. In 190 of 229 cases where FORM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 83%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FORM as a result. In 70 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for FORM turned negative on October 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 34 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
FORM moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FORM crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 60%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FORM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. FORM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 57 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 59 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 67 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 81 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.680) is normal, around the industry mean (6.371). P/E Ratio (64.209) is within average values for comparable stocks, (86.229). FORM's Projected Growth (PEG Ratio) (1.500) is slightly higher than the industry average of (0.801). Dividend Yield (0.000) settles around the average of (0.008) among similar stocks. P/S Ratio (9.200) is also within normal values, averaging (27.897).
SWKS in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 09, 2026
SWKS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 35 of 44 cases where SWKS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 80%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 22, 2026. You may want to consider a long position or call options on SWKS as a result. In 56 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
SWKS moved above its 50-day moving average on October 15, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.34% 3-day Advance, the price is estimated to grow further. Considering data from situations where SWKS advanced for three days, in 188 of 289 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for SWKS turned negative on September 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In 37 of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SWKS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for SWKS entered a downward trend on October 22, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 10 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. SWKS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 83 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.160) is normal, around the industry mean (6.008). P/E Ratio (42.689) is within average values for comparable stocks, (20.098). Projected Growth (PEG Ratio) (12.401) is also within normal values, averaging (3.761). SWKS has a moderately high Dividend Yield (0.034) as compared to the industry average of (0.012). P/S Ratio (3.209) is also within normal values, averaging (45.794).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SWKS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
FORM | SWKS | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 65 | 7 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 81 Overvalued | 93 Overvalued | |
PROFIT vs RISK RATING 1..100 | 57 | 100 | |
SMR RATING 1..100 | 67 | 83 | |
PRICE GROWTH RATING 1..100 | 41 | 41 | |
P/E GROWTH RATING 1..100 | 59 | 10 | |
SEASONALITY SCORE 1..100 | n/a | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FORM's Valuation (81) in the Electronic Production Equipment industry is in the same range as SWKS (93) in the Semiconductors industry. This means that FORM’s stock grew similarly to SWKS’s over the last 12 months.
FORM's Profit vs Risk Rating (57) in the Electronic Production Equipment industry is somewhat better than the same rating for SWKS (100) in the Semiconductors industry. This means that FORM’s stock grew somewhat faster than SWKS’s over the last 12 months.
FORM's SMR Rating (67) in the Electronic Production Equipment industry is in the same range as SWKS (83) in the Semiconductors industry. This means that FORM’s stock grew similarly to SWKS’s over the last 12 months.
FORM's Price Growth Rating (41) in the Electronic Production Equipment industry is in the same range as SWKS (41) in the Semiconductors industry. This means that FORM’s stock grew similarly to SWKS’s over the last 12 months.
SWKS's P/E Growth Rating (10) in the Semiconductors industry is somewhat better than the same rating for FORM (59) in the Electronic Production Equipment industry. This means that SWKS’s stock grew somewhat faster than FORM’s over the last 12 months.
| FORM | SWKS | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 84% | N/A |
| Stochastic ODDS (%) | 1 day ago 88% | 1 day ago 69% |
| Momentum ODDS (%) | 1 day ago 77% | 1 day ago 64% |
| MACD ODDS (%) | 1 day ago 67% | 1 day ago 67% |
| TrendWeek ODDS (%) | 1 day ago 72% | 1 day ago 64% |
| TrendMonth ODDS (%) | 1 day ago 75% | 1 day ago 72% |
| Advances ODDS (%) | 23 days ago 79% | 1 day ago 65% |
| Declines ODDS (%) | 7 days ago 70% | 11 days ago 73% |
| BollingerBands ODDS (%) | 1 day ago 90% | 1 day ago 80% |
| Aroon ODDS (%) | 1 day ago 83% | 1 day ago 74% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
FORM’s FA Score shows that 0 FA rating(s) are green while SWKS’s FA Score has 1 green FA rating(s).
- FORM’s FA Score: 0 green, 5 red.
- SWKS’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
FORM’s TA Score shows that 5 TA indicator(s) are bullish while SWKS’s TA Score has 4 bullish TA indicator(s).
- FORM’s TA Score: 5 bullish, 5 bearish.
- SWKS’s TA Score: 4 bullish, 5 bearish.
Price Growth
FORM (@Electronic Production Equipment) experienced а -16.15% price change this week, while SWKS (@Semiconductors) price change was +6.93% for the same time period.
The average weekly price growth across all stocks in the @Electronic Production Equipment industry was -10.98%. For the same industry, the average monthly price growth was -23.65%, and the average quarterly price growth was -33.54%.
The average weekly price growth across all stocks in the @Semiconductors industry was -8.11%. For the same industry, the average monthly price growth was -19.82%, and the average quarterly price growth was -12.10%.
Reported Earning Dates
FORM is expected to report earnings on Oct 28, 2026.
SWKS is expected to report earnings on Nov 03, 2026.
Industries' Descriptions
@Electronic Production Equipment (-10.98% weekly)The electronic production equipment industry makes equipment used to produce semiconductors. Such equipment includes wafer fabrication, plasma etching and photo-resist processing equipment. The industry also makes chemical vapor deposition processing systems and photomasks, which are high-purity quartz plates that contain patterns to define integrated circuits layouts. Applied Materials, Inc., Lam Research Corporation, and KLA-Tencor Corporation are examples of electronic production equipment manufacturing companies.
@Semiconductors (-8.11% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
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SWKS and
Correlation & Price change
A.I.dvisor indicates that over the last year, SWKS has been loosely correlated with FORM. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if SWKS jumps, then FORM could also see price increases.
| Ticker / NAME | Correlation To SWKS | 1D Price Change % | ||
|---|---|---|---|---|
| SWKS | 100% | +0.21% | ||
| FORM - SWKS | 66% Loosely correlated | -15.29% | ||
| AMKR - SWKS | 65% Loosely correlated | -10.70% | ||
| KLIC - SWKS | 65% Loosely correlated | -9.86% | ||
| CRUS - SWKS | 62% Loosely correlated | -0.14% | ||
| ENTG - SWKS | 61% Loosely correlated | -13.12% | ||
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