FormFactor, Inc.

FormFactor, Inc.

FORM
FormFactor, Inc.US flagNASDAQ Global Select
126.02
USD
+0.91
- -
9.82BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.27
4.8
4.88
5.91
7.59
7.21
7.86
9.05
9.89
9.64
8.57
9.87
10.15
10.84
Basic EPS, GAAP
-1.06
-0.34
-0.03
-0.1
0.57
1.42
0.52
1.02
1.08
0.65
1.06
0.9
0.7
0.88
Free Cash Flow per Basic Share
-0.26
0.21
0.48
0.09
0.95
0.66
1.34
1.48
0.94
0.86
0.11
1.02
0.15
0.47
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-7.4
-7.52
-7.29
-6.6
-5.36
-3.86
-3.26
-2.16
-1.05
-0.4
0.66
1.56
2.27
2.53
Tangible Book Value per Share
3.8
3.94
4.12
1.33
2.37
4.4
5.12
6.16
7.29
7.35
8.98
9.55
10.38
10.69
Basic Weighted Avg Shares
54
56
58
65
72
73
75
77
78
78
77
77
77
77
Sales/Revenue/Turnover
232
269
282
384
548
530
589
694
770
748
663
764
785
840
Operating Margin (%)
-22.92
-6.21
-1.25
-7.35
8.44
6.82
8.42
12.08
12.74
7.34
1.48
5.79
7.66
9.55
Depreciation Expense
29
30
24
47
45
44
45
49
45
38
37
33
38
38
Net Income, GAAP
-58
-19
-2
-7
41
104
39
79
84
51
82
70
54
68
Effective Tax Rate (%)
- -
- -
- -
- -
3.06
- -
22.95
7.81
14.8
12.32
7.71
12.34
18.74
15.18
Profit Margin (%)
-24.91
-7.14
-0.54
-1.71
7.46
19.64
6.67
11.32
10.9
6.78
12.42
9.12
6.93
8.14
Working Capital
174
196
214
172
214
235
282
333
375
325
443
474
433
469
LT Debt
- -
- -
- -
125
87
35
45
53
46
42
39
30
24
22
Total Equity
294
289
295
401
459
580
641
744
816
808
909
948
1,035
1,059
Return on Invested Capital (%)
- -
- -
- -
- -
8.08
- -
5.5
9.89
9.79
5.48
0.99
3.96
4.74
6.49
Return on Capital (%)
- -
- -
- -
- -
-15.82
- -
-22.14
-64.36
-146.99
10,743.32
139.18
53.87
29.77
34.82
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
80.74
36.68
42.29

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9
9
9
LT Borrowings
11
11
11
LT Finance Leases
13
12
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
2,814
4,315
7,514

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
559
557
601
Cash, Cash Equivalents & STI
266
275
303
Accounts Receivable, Net
133
125
132
Inventories
109
111
113
Total Current Liabilities
130
124
132
Payables & Accruals
69
58
63
ST Debt
9
9
9
Deferred Revenue
22
20
26

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.82%
6.94%
9.25%
Free Cash Flow
167.85%
121.14%
-85.16%
Net Income, GAAP
-20.94%
-1.54%
-21.91%
Sales/Revenue/Turnover
11.91%
2.95%
2.8%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
169
197
208
189
764
2025
171
196
203
215
785
2026
226
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.25
0.24
0.13
0.9
2025
0.08
0.12
0.2
0.3
0.7
2026
0.26
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Michael D. Slessor
Full Time Employees
2,238
Sector
Technology
Industry
Semiconductors
Address
7005 Southfront Road Livermore CA United States of America 94551
IPO Date
Jun 12, 2003
Business
FormFactor, Inc. (NASDAQ: FORM) designs, manufactures and sells essential test and measurement technologies for the semiconductor industry along the full integrated circuit life cycle, including characterization, modeling, reliability, design debug, qualification and production test; its core products comprise advanced probe cards for memory, RF, foundry and logic devices, analytical probes encompassing over 50 RF, mixed-signal and DC models for wafer, package and board-level testing, premium analytical probe stations for on-wafer device measurement, cryogenic systems and magnetometry solutions for quantum computing applications, and advanced thermal subsystems. Founded in 1993 and headquartered in Livermore, California, the company operates globally with 23 service and repair centers, 13 sales offices and 10 design centers, serving semiconductor manufacturers focused on high-performance computing, AI, mobile and automotive chips, while shipping over 115 million MEMS probes annually as the leading supplier of advanced probe cards and engineering probe systems. In recent developments, FormFactor completed the acquisition of a 20% non-controlling stake in FICT Limited for approximately $60 million in February 2025 in partnership with MBK Partners to enhance access to advanced probe card technologies and strengthen semiconductor supply chain collaboration; it expanded its Taiwan Service Center in April 2025 by doubling cleanroom capacity to support advanced packaging for AI and HPC applications; acquired a manufacturing facility in Farmers Branch, Texas, for $55 million in June 2025 to boost operational flexibility amid rising demand; entered a strategic partnership and received minority investment from Advantest in January 2025 for probe card technology collaboration; and commenced site work for advanced manufacturing at the Texas facility in November 2025 while targeting 42% gross margins in Q4 2025 driven by HBM4 ramp-up.

Company News

APIChat
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