YouTube · Q2 2026 · 2026-08-07
FORM · NasdaqGS
FormFactor, Inc.
Semiconductor Equipment & Materials · United States
- Market cap (USD)
- US$9.25B
- Trailing P/E
- 82.21x
- Forward P/E
- 34.07x
- Quarterly revenue growth
- 31.9%
- Trailing net margin
- 12.8%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-06-27 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.
Company websiteQ2 2026
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Comparable businesses
FORM peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | FORMFormFactor, Inc.Snapshot 2026-09-20Financial period: 2026-06-27 | NVMINova Ltd.Snapshot 2026-09-20Financial period: 2026-06-30 | CAMTCamtek Ltd.Snapshot 2026-09-20Financial period: 2026-03-31 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$9.25B | US$11.33B | US$6.96B | US$9.14Bn=2 |
| Forward P/EProvider forward earnings estimate | 34.07x | 26.07x | 31.14x | 28.60xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 47.83x | 37.49x | 50.32x | 43.90xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 31.9% | 15.9% | 2.5% | 9.2%n=2 |
| Operating marginLatest reported quarter | 24.1% | 29.9% | 22.4% | 26.1%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 1.2% | 1.0% | — | — |
| Net debt / EBITDANet debt / trailing EBITDA | -1.69x | -0.73x | -1.32x | -1.03xn=2 |
| Debt / equityTotal debt / positive book equity | 0.03x | 0.55x | 0.71x | 0.63xn=2 |
| Trailing P/ETrailing twelve-month earnings | 82.21x | 44.46x | 198.83x | 121.64xn=2 |
| Price / bookPrice / positive book equity per share | 8.32x | 7.73x | 11.08x | 9.40xn=2 |
| EV / salesEnterprise value / trailing revenue | 9.90x | 11.85x | 13.97x | 12.91xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 502.5% | 2.9% | -10.0% | -3.5%n=2 |
| Gross marginTrailing twelve months | 46.2% | 57.1% | 51.0% | 54.0%n=2 |
| Net marginTrailing twelve months | 12.8% | 28.8% | 9.6% | 19.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 11.0% | 21.1% | 7.6% | 14.3%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 12.7% | 12.0% | — | — |
| Dividend yieldIndicated annual dividend / price | — | — | — | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 4.08x | 1.55x | 8.35x | 4.95xn=2 |
| BetaProvider historical market sensitivity | 1.24 | 1.75 | 1.59 | 1.67n=2 |
YouTube · Q2 2026 · 2026-08-07
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THE RESEARCH RECORD
Research history for FORM
Q2 20262026-07-30
FormFactor (FORM): The HBM Toll Booth Just Beat by 34% — And Its Own CFO Told You the Margin Isn’t Real
Presentation · 2026-07-30 · YouTube