FORM

FormFactor is a better buy compared with Cohu due to higher profitability, established AI revenues and cash generation ability.

SÃO PAULO, Oct.

FormFactor shares plunge nearly 12% after Q3 earnings as weak Q4 guidance and capacity constraints weigh on sentiment. Can AI demand and expansion fuel a rebound?

FormFactor's HBM4 testing and growing foundry business are benefiting from AI chip complexity.

FormFactor has been through a sharp share price swing in recent years, and with earnings now in sharper focus, the live question is whether the current valuation really lines up with what the business is generating per share.

Key TakeawaysFormFactor fell 12% today despite record third-quarter revenue of $280. 5 million and an outlook above estimates.

FORM's Q3'26 earnings beat estimates as revenues jump 38.4%, fueled by strong demand for probe cards, DRAM and photonics systems.

Moby summary of FormFactor, Inc.'s Q3 2026 earnings call

Revenue hit $280.5 million on strong photonics and HPC demand.

FormFactor (NASDAQ:FORM) reported third-quarter results that exceeded the high end of its outlook, supported by broad demand for semiconductor test products and higher output from its existing manufacturing footprint.

Semiconductor testing company FormFactor (NASDAQ:FORM) reported Q3 2026 results topping the market’s revenue expectations, with revenue up 38.4% year on year to $280.5 million.