FormFactor Q2 EPS Forecast Boosted by Northland Securities

FormFactor, Inc. (NASDAQ:FORM) – Investment analysts at Northland Securities boosted their Q2 2026 EPS estimates for shares of FormFactor in a research report issued to clients and investors on Thursday, April 30th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings of $0.51 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for FormFactor’s current full-year earnings is $1.52 per share. Northland Securities also issued estimates for FormFactor’s Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $2.08 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.52 EPS and FY2027 earnings at $1.98 EPS.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS.

A number of other brokerages also recently issued reports on FORM. Freedom Capital raised shares of FormFactor to a “hold” rating in a research report on Tuesday, January 27th. TD Cowen lifted their price objective on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday. Wall Street Zen raised shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Itau BBA Securities raised shares of FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.55.

FormFactor Stock Down 2.2%

Shares of FormFactor stock opened at $134.37 on Tuesday. The firm’s 50 day moving average price is $109.65 and its 200-day moving average price is $79.15. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor has a 52-week low of $26.08 and a 52-week high of $159.09. The company has a market cap of $10.47 billion, a P/E ratio of 154.45 and a beta of 1.32.

Institutional Trading of FormFactor

A number of institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its stake in FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after purchasing an additional 157 shares in the last quarter. Blue Trust Inc. boosted its stake in FormFactor by 1.9% in the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after purchasing an additional 196 shares in the last quarter. State of Wyoming boosted its stake in FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 261 shares in the last quarter. UMB Bank n.a. boosted its stake in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in FormFactor by 2.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 299 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kevin J. Brewer sold 3,000 shares of FormFactor stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $96.20, for a total value of $288,600.00. Following the completion of the sale, the director directly owned 8,105 shares in the company, valued at $779,701. This trade represents a 27.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian C. White sold 2,300 shares of FormFactor stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $100.01, for a total transaction of $230,023.00. Following the completion of the sale, the director owned 10,556 shares of the company’s stock, valued at $1,055,705.56. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 64,482 shares of company stock worth $6,438,951 over the last ninety days. Company insiders own 0.79% of the company’s stock.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Northland Securities sharply raised multi-quarter and full‑year EPS forecasts for FORM (Q2–Q4 2026 and FY2026, plus FY2027), effectively boosting FY2026 to $2.08 and FY2027 to $1.98 — a material lift to expected earnings that supports higher valuation and analyst confidence. (Northland revisions consolidated from reports issued April 30)
• Positive Sentiment: Evercore ISI raised its price target to $155 (from $133), signaling greater upside from current levels and reinforcing the analyst-driven buying theme. FORM Raised To $155 As Semiconductor Tailwinds Build
• Positive Sentiment: Zacks highlighted surging earnings-estimate revisions and added FORM to momentum lists (Zacks Rank #1), which can attract short‑term buyers and funds that follow momentum/quant strategies. Surging Earnings Estimates Signal Upside for FormFactor (FORM) Stock Best Momentum Stock to Buy for May 4th
• Neutral Sentiment: Investors can review the Q1 2026 earnings call transcript for management color on demand trends, margin drivers and the guidance range (company reported a Q1 beat and set Q2 guidance), which will determine whether raised estimates are supported by end-market dynamics. FormFactor Q1 2026 Earnings Call Transcript
• Negative Sentiment: Some outlets flagged a sharp intra‑week pullback driven by valuation concerns despite strong YTD and 1‑year performance; that selling shows the stock remains sensitive to sentiment and multiple compression risk after big gains. Why FormFactor Stock Plummeted This Week (The Motley Fool) Why FormFactor Stock Plummeted This Week (Yahoo)

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.