FORM stock forecast, quote, news & analysis
FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test... Show more
Why FormFactor (FORM) Stock Is Down -40.9% in the Last 30 Days
Key Takeaways
- FormFactor (FORM) shares fell roughly 40.9% over the last 30 days, declining from about $149.31 on September 30 to $88.25 in late-October trading.
- The pullback followed a record third-quarter report—revenue of $280.5 million, up 38.4% year over year—that was overshadowed by a roughly flat Q4 revenue guide and a lower gross-margin outlook.
- Management said its existing manufacturing footprint is nearing capacity limits, making the ramp of its new Farmers Branch facility a key swing factor for future growth.
- A DRAM mix shift away from high-bandwidth memory (HBM) toward DDR5, combined with a softer tone from peers such as Teradyne (TER), reinforced near-term caution.
- The decline also reflects valuation compression after FORM's shares surged more than 100% over the prior year.
- Over the trailing quarter, the stock made a sharp round trip—a strong rally into early October followed by a steep reversal.
- For additional detail, review FormFactor's Price Targets, Earnings, and Forecast on dedicated pages.
- Explore Trending AI Robots to see how AI-driven trading strategies are positioned across the market.
FormFactor (FORM) Company Overview and Market Position
FormFactor is a leading supplier of semiconductor test and measurement technologies, best known for its advanced probe cards and engineering probe systems. Its MEMS-based probe cards are used to test chips at the wafer level across foundry and logic applications—including data-center CPUs, GPUs, and custom ASICs—as well as DRAM and high-bandwidth memory. The company's Systems segment, built around its TRITON photonics probing technology, addresses co-packaged optics and other emerging silicon-photonics applications. FormFactor sits at the intersection of high-performance computing and advanced packaging, where rising chip complexity and increasing test intensity support long-term demand for its products.
FormFactor (FORM) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, FORM declined from a September 30 closing price of $149.31 to $88.25 in late-October trading, a drop of roughly 40.9%. Much of that decline came after the company reported third-quarter results on October 28; shares fell about 12% in the following session and continued lower.
The trailing-quarter picture tells a round-trip story. After trading near $105 in late July, FORM rallied steadily through September, reaching an intraday peak above $151 in early October, before reversing sharply. As of late October, the stock was trading near $88, roughly 16% below its late-July level despite the intervening rally.
What Drove FORM Stock Price in the Last 30 Days
The dominant catalyst was FormFactor's third-quarter earnings report and guidance. The company delivered record revenue of $280.5 million and non-GAAP earnings per share of $1.04, both above consensus. However, investors focused on the forward outlook: Q4 revenue guidance of $285 million (plus or minus $10 million) implied only modest sequential growth, while gross-margin guidance of 54% marked a step down from the 56.5% reported in Q3.
That margin detail carried added weight because roughly $10.5 million—about 380 basis points—of Q3's gross margin came from non-recurring tariff refunds and favorable subcomponent costs. Management also cautioned that productivity gains from its existing manufacturing footprint are moderating as it approaches capacity limits, a message that tempered the growth narrative. Separately, a shift in DRAM mix from HBM toward DDR5 and a flat near-term guide from test peer Teradyne reinforced a cautious tone across the semiconductor test sector. Finally, after a run-up of more than 100% over the prior year, the stock entered the period with elevated expectations, leaving it vulnerable to valuation compression.
What Drove FORM Stock Performance Over the Last Quarter
For most of the trailing quarter, FORM's story was one of momentum. Strong second-quarter results and broad AI-driven demand across high-bandwidth memory, foundry and logic, and co-packaged optics lifted the stock through September. Investors also responded to an expanded partnership and a $300 million strategic investment from Teradyne, the opening of FormFactor's Farmers Branch facility, and the shipment of probe cards for a leading foundry's GPU design in multimillion-dollar volumes. Those catalysts carried shares to an early-October peak before the post-earnings re-rating reversed the advance, leaving the quarter's net result sharply negative despite the strong underlying results.
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FORM Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, investors will be watching whether FormFactor's Q4 gross margin holds near its guided 54% level and whether revenue growth resumes as the Farmers Branch facility ramps toward roughly $400 million in annual production capability by the end of 2027. Commentary on GPU and custom-ASIC share gains, the DRAM mix between HBM and DDR5, and the progression of HBM4E and HBM5 designs will be closely monitored. Continued adoption of TRITON systems for co-packaged optics—where management now expects more than $30 million in 2026 revenue—represents another growth vector. Broader factors such as hyperscaler AI capital spending, memory pricing, and the competitive landscape with peers like Onto Innovation (ONTO) and KLA (KLAC) will also shape sentiment. This information is provided for context and does not constitute investment advice.
Disclaimer
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FORM in downward trend: price dove below 50-day moving average on October 14, 2026
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. In 34 of 39 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 87%.
Technical Analysis (Indicators)
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 73 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
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 50 similar instances when the indicator turned negative. In 39 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 78%.
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 17 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 85%.
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%.
The Aroon Indicator for FORM entered a downward trend on November 05, 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.
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 3 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 +9.10% 3-day Advance, the price is estimated to grow further. Considering data from situations where FORM advanced for three days, in 245 of 310 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
FORM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 65 (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 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 Profit vs. Risk Rating rating for this company is 70 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FORM’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 81, placing this stock better than average.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 79 (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 (5.044) is normal, around the industry mean (5.295). P/E Ratio (48.486) is within average values for comparable stocks, (64.950). 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 (0.010) among similar stocks. P/S Ratio (9.200) is also within normal values, averaging (27.897).
The Tickeron PE Growth Rating for this company is 91 (best 1 - 100 worst), pointing to worse than 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.
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General Information
a manufacturer of semiconductor wafer probe card products
Industry ElectronicProductionEquipment