FormFactor (FORM) Stock

FormFactor's diversified product portfolio and leadership in DRAM and HBM probe cards position it well for growth in semiconductor testing and advanced packaging markets. The Systems segment is expanding with solutions for quantum computing, silicon photonics, and co-packaged optics, anticipating significant demand by FY25 or early FY26. Q3 financials show strong revenue growth and improved free cash flow, despite a slight decrease in gross margin due to product mix and quality costs.

Though FORM's long-term prospect seems promising, but weakness in the Foundry and Logic segment and stretched valuation may cap near-term upside.

FormFactor Recognized for Supplier Excellence in Advanced Semiconductor Test Solutions FormFactor Recognized for Supplier Excellence in Advanced Semiconductor Test Solutions

FORM's third-quarter 2024 results benefit from record DRAM probe-card revenues on strong demand. Its weak guidance hurts shares.

FormFactor, Inc. (NASDAQ:FORM ) Q3 2024 Earnings Conference Call October 30, 2024 4:25 PM ET Company Participants Mike Slessor - President, Chief Executive Officer Shai Shahar - Chief Financial Officer Stan Finkelstein - Vice President of Investor Relations Conference Call Participants Krish Sankar - TD Cowen Charles Shi - Needham & Company Craig Ellis - B. Riley Securities David Dooley - Steelhead Securities Christian Schwab - Craig-Hallum Tom Diffely - D.A.

FormFactor (FORM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The mean of analysts' price targets for FormFactor (FORM) points to a 38.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Shares of FormFactor Inc (FORM, Financial) surged 3.01% in mid-day trading on Oct 2. The stock reached an intraday high of $45.77, before settling at $45.50, up from its previous close of $44.17.

FormFactor (FORM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).