Analysts at Northland Securities have increased their earnings per share (EPS) forecast for FormFactor, Inc. for the third quarter of 2026. In a research note released on February 5, 2026, analyst G. Richard revised the estimate from $0.33 to $0.35 per share. This adjustment reflects a growing confidence in the semiconductor company’s performance, aligning with a broader consensus estimate of $0.90 for the full year.
The update from Northland Securities also included forecasts for subsequent quarters, predicting $0.39 EPS for Q1 2027, $0.38 EPS for Q2 2027, and $0.34 EPS for Q3 2027. For the entire fiscal year of 2027, analysts expect earnings to reach $1.39 per share.
On February 4, 2026, FormFactor reported its latest quarterly earnings, revealing an EPS of $0.46, which surpassed the consensus estimate of $0.35 by $0.11. The company generated revenue of $215.16 million during the quarter, exceeding analyst expectations of $210.29 million. This marked a revenue increase of 13.6% compared to the same quarter in the previous year, where the company reported an EPS of $0.27.
Current Financial Position and Insights
FormFactor has provided guidance for Q1 2026, estimating an EPS range of $0.410 to $0.490. Following the positive earnings announcement, shares of FormFactor opened at $94.88 on Monday. The company currently holds a market capitalization of $7.36 billion and maintains a price-to-earnings (P/E) ratio of 137.51. Its financial ratios indicate a strong position, with a quick ratio of 3.60, a current ratio of 4.50, and a minimal debt-to-equity ratio of 0.01.
The stock has demonstrated significant volatility over the past year, with a twelve-month low of $22.58 and a high of $96.82.
Insider Transactions and Institutional Activity
Recent insider trading activity has raised questions about ownership dynamics within FormFactor. On December 2, 2025, Director Kelley Steven-Waiss sold 2,700 shares at an average price of $55.97, amounting to a total transaction of $151,119. Following this sale, Steven-Waiss retained 32,779 shares, valued at approximately $1,834,640.63, reflecting a 7.61% decrease in ownership.
Additionally, CEO Mike Slessor sold 13,088 shares on January 15, 2026, at an average price of $76.81, totaling $1,005,289.28. Post-transaction, Slessor holds 472,907 shares valued at around $36,323,986.67, which represents a 2.69% reduction in his stake. In total, insiders sold 73,466 shares valued at $4,683,377 in the last quarter, with insiders now owning 0.96% of the company’s stock.
A significant portion of FormFactor’s equity is held by institutional investors and hedge funds, who own approximately 98.76% of the company. Recent activities include MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 4.5% in the first quarter, while Jones Financial Companies Lllp raised its holdings by an impressive 870.3%. Other notable increases came from Goldman Sachs Group Inc., which raised its holdings by 12.2%, and UBS AM, which increased its position by 5.7%.
FormFactor, Inc. (NASDAQ: FORM) is recognized as a leading provider of advanced test and measurement solutions for the semiconductor industry. The company focuses on designing and manufacturing high-performance wafer-level and package-level test interfaces. These products are critical for validating next-generation integrated circuits across various applications, including logic, memory, RF, analog, and power.
For investors and stakeholders, FormFactor’s recent performance and future projections highlight its potential in the semiconductor market, amidst ongoing developments in technology and demand for high-quality testing solutions.
