Wall Street analyst estimates for FormFactor, Inc. (FORM): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $1.0B | $1.0B – $1.1B | $3.35 | 7 |
| 2027E | $1.3B | $1.1B – $1.4B | $4.34 | 7 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 10 |
| Hold | 9 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 20 |
| Avg rating (−2 sell to +2 buy) | 0.45 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-03 | $0.94 | ||
| 2026-10-28 | $1.04 | $0.86 | +20.6% |
| 2026-07-29 | $0.82 | $0.61 | +34.6% |
| 2026-04-29 | $0.56 | $0.45 | +24.4% |
| 2026-02-04 | $0.46 | $0.35 | +31.4% |
| 2025-10-29 | $0.33 | $0.25 | +32.0% |
| 2025-07-30 | $0.27 | $0.30 | -10.0% |
| 2025-04-30 | $0.23 | $0.19 | +21.1% |
Valuation Ratios
| P/E Ratio | 40.15 |
| Price / Book | 5.91 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $383.9M | $548.4M | $529.7M | $589.5M | $693.6M | $769.7M | $747.9M | $663.1M | $763.6M | $785.0M |
| Cost of Revenue | $281.2M | $332.8M | $319.3M | $352.0M | $405.7M | $446.9M | $451.9M | $404.5M | $455.7M | $477.8M |
| Gross Profit | $102.7M | $215.6M | $210.3M | $237.5M | $287.9M | $322.8M | $296.0M | $258.6M | $307.9M | $307.2M |
| Research & Development | $57.5M | $73.8M | $75.0M | $81.5M | $89.0M | $100.9M | $109.2M | $115.8M | $121.9M | $115.9M |
| Selling, General & Admin | $73.4M | $95.5M | $99.3M | $106.3M | $115.1M | $123.8M | $131.9M | $133.0M | $141.8M | $127.1M |
| Operating Expenses | $150.6M | $169.3M | $174.2M | $187.8M | $204.1M | $224.7M | $241.1M | $175.8M | $243.1M | $243.0M |
| Operating Income | -$47.9M | $46.3M | $36.1M | $49.7M | $83.8M | $98.0M | $54.9M | $82.8M | $64.8M | $64.2M |
| EBITDA | -$1.0M | $91.3M | $80.9M | $97.8M | $134.7M | $143.6M | $96.5M | $127.1M | $112.7M | $114.8M |
| Interest Expense | $2.4M | $4.5M | $3.3M | $1.9M | $864,000 | $602,000 | $579,000 | $421,000 | $418,000 | $521,000 |
| Pre-tax Income | -$50.2M | $42.2M | $33.9M | $51.1M | $85.2M | $98.5M | $57.9M | $89.3M | $79.4M | $67.4M |
| Income Tax | -$43.6M | $1.3M | -$70.1M | $11.7M | $6.7M | $14.6M | $7.1M | $6.9M | $9.8M | $13.0M |
| Net Income | -$6.6M | $40.9M | $104.0M | $39.3M | $78.5M | $83.9M | $50.7M | $82.4M | $69.6M | $54.4M |
| EPS | -$0.10 | $0.57 | $1.42 | $0.52 | $1.02 | $1.08 | $0.65 | $1.06 | $0.90 | $0.70 |
| EPS (Diluted) | -$0.10 | $0.55 | $1.38 | $0.51 | $0.99 | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 |
| Shares Outstanding (Diluted) | 64.9 M | 74.2 M | 75.2 M | 77.3 M | 79.0 M | 79.1 M | 78.2 M | 78.2 M | 78.4 M | 78.3 M |
Price
| Price | $87.53 (closing price, October 30, 2026) |
| Market Cap | $6.8B |
| Exchange | NASDAQ |
| Country | US |
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