FormFactor stock steadies after $258.2 million quarter

FormFactor stock is anchored by a $258.2 million quarter, $0.82 EPS, and a $7.93 billion market cap as investors watch the $270 million third-quarter guide.

FormFactor Inc. (US3463751087) is trading from a $258.2 million second quarter and a $7.93 billion market cap, with the most recent results showing $0.82 in earnings per share and revenue up 31.9% year over year.

The latest numbers point to a company that is still growing faster than the market expects: revenue topped the $240.0 million consensus by $18.2 million, and third-quarter guidance calls for $270 million plus or minus $10 million in sales and $0.86 in non-GAAP EPS at the midpoint.

Quarterly beat

FormFactor's second quarter ended July 2026 delivered more than a simple earnings beat. Revenue of $258.24 million and EPS of $0.82 both cleared estimates, while the company said the quarter matched a 31.9% increase in revenue from the same period a year earlier.

That year-over-year comparison matters because it shows the move was not just a one-off margin swing. Systems revenue also rose 43.9% to a record $48.5 million, giving the update a clearer operational base than a narrow top-line headline.

Guidance sets the tone

The next test is the third quarter. Management's guide for $270 million in revenue, with a midpoint that implies another record, puts the focus on whether demand holds after the July report and whether margin support from tariff refunds filters through as expected.

Consensus still looks constructive, with analysts forecasting 2.7 EPS for the current year and a consensus target price of $127.45 in the latest market snapshot.

FormFactor's probe business

FormFactor's probe cards and wafer test systems sit at the center of its business, and the current numbers suggest the test-and-measurement cycle remains firm enough to support both revenue and earnings growth. The record $48.5 million systems revenue line is the clearest sign that product demand is still broad enough to matter beyond a single segment.

Market level

FormFactor stock closed at $102.94 on August 28, 2026, after a 6.6% decline, and the company carried a $7.93 billion market cap in the latest snapshot. The share price remains below the consensus target price of $127.45, leaving the market focused on whether the third-quarter guide can keep momentum intact.

Fact box

Company: FormFactor Inc.
ISIN: US3463751087
Ticker: FORM
Exchange: Nasdaq
Market cap: $7.93 billion
Sector / Industry: Information Technology / Semiconductors