Why FormFactor (FORM) Stock Is Up Today

FormFactor (FORM) is up 9.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is FormFactor’s strong second-quarter 2026 report and upbeat third-quarter outlook. Investors appear to be responding to record revenue, sharply higher margins and earnings, and management’s comments about continued strength in DRAM, foundry and logic, and systems demand tied to advanced packaging trends.

Details:

FormFactor reported second-quarter revenue of $258.2 million, up 14.2% from the prior quarter and 31.9% from a year earlier, while saying revenue, gross margin, and earnings per share all finished above the high end of its outlook range.

GAAP earnings rose to $0.71 per diluted share and non-GAAP earnings reached $0.82, with non-GAAP gross margin improving to 53.3%, indicating meaningful operating leverage as volumes increased.

Management highlighted broad-based demand, including strength in high-bandwidth memory and co-packaged optics, which helped drive sequential growth in both the probe cards and systems businesses.

For the third quarter, the company guided to about $270 million in revenue, plus or minus $10 million, and said it expects another quarter of record revenue and profitability, which likely reinforced the bullish reaction.

Sources:

FormFactor, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FORM Insider Trading Activity

$FORM insiders have traded $FORM stock on the open market 50 times in the past 6 months. Of those trades, 0 have been purchases and 50 have been sales.

Here’s a breakdown of recent trading of $FORM stock by insiders over the last 6 months:

MIKE SLESSOR (CEO) has made 0 purchases and 36 sales selling 56,248 shares for an estimated $6,428,291.
SHERI RHODES has made 0 purchases and 2 sales selling 13,962 shares for an estimated $1,500,504.
DENNIS THOMAS ST has made 0 purchases and 4 sales selling 11,231 shares for an estimated $1,237,366.
KELLEY STEVEN-WAISS has made 0 purchases and 2 sales selling 7,600 shares for an estimated $884,379.
BRIAN C WHITE has made 0 purchases and 2 sales selling 5,550 shares for an estimated $639,523.
JORGE TITINGER sold 4,009 shares for an estimated $516,299
REBECA OBREGON-JIMENEZ sold 3,828 shares for an estimated $484,146
ARIC BRENDAN MCKINNIS (CFO, SVP Global Finance) sold 3,462 shares for an estimated $313,034
KEVIN J BREWER sold 3,000 shares for an estimated $288,600

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive FORM Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$FORM Hedge Fund Activity

We have seen 241 institutional investors add shares of $FORM stock to their portfolio, and 157 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POLAR CAPITAL HOLDINGS PLC added 2,292,313 shares (+inf%) to their portfolio in Q1 2026, for an estimated $222,331,437
MORGAN STANLEY removed 962,644 shares (-42.4%) from their portfolio in Q1 2026, for an estimated $93,366,841
EARNEST PARTNERS LLC removed 899,827 shares (-15.6%) from their portfolio in Q1 2026, for an estimated $87,274,220
ALLIANCEBERNSTEIN L.P. added 816,845 shares (+57.7%) to their portfolio in Q1 2026, for an estimated $79,225,796
JANE STREET GROUP, LLC added 807,083 shares (+680.9%) to their portfolio in Q1 2026, for an estimated $78,278,980
BLACKROCK, INC. added 677,935 shares (+5.9%) to their portfolio in Q1 2026, for an estimated $65,752,915
PICTET ASSET MANAGEMENT HOLDING SA added 641,696 shares (+5215.8%) to their portfolio in Q2 2026, for an estimated $102,626,441

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FORM Government Contracts

We have seen $108,042 of award payments to $FORM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ON-WAFER PROBES: $59,920
4CAST #: OU67-25-NEW-125 PROGRAMMABLE STAGE: $24,936
SRVT2S: $20,588
FORM FACTOR EPS150COAXPLUS 150MM PROBE SYSTEM: $2,597

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FORM Price Targets

Multiple analysts have issued price targets for $FORM recently. We have seen 6 analysts offer price targets for $FORM in the last 6 months, with a median target of $160.0.

Here are some recent targets:

Craig Ellis from B. Riley Securities set a target price of $165.0 on 06/12/2026
Vedvati Shrotre from Evercore ISI Group set a target price of $155.0 on 06/05/2026
Christian Schwab from Craig-Hallum set a target price of $175.0 on 05/12/2026
Krish Sankar from TD Cowen set a target price of $150.0 on 04/30/2026
Elizabeth Sun from Citigroup set a target price of $165.0 on 04/30/2026
Matthew Prisco from Cantor Fitzgerald set a target price of $125.0 on 04/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.