FormFactor, Inc. (FORM) shares rose 3.2% to $110.31 as of October 28, 2026, a moderate gain from the prior close of $106.85. BestStocks flagged the session as a major change for FORM. The move is tied to an earnings beat. Below, we break down what changed for FORM, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
Earnings Beat
FormFactor, Inc. (FORM) reported EPS of $1.04 vs. consensus estimate of $0.86, beating by 20.6% on 2026-10-28. FormFactor's next scheduled earnings announcement is expected 2026-11-04 (date not yet confirmed).
This summary describes the catalyst and move as first detected on Oct 28, 2026, 4:38 PM EDT; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
Material / EarningsMedium confidence
Rel. volume
1.0×
Below Avg
Vs peers
—
No comparable peers
Market cap
$8.6B
NASDAQ Global Select
Analyst target
$151
+37.2% vs price
Price chart
Sep 28 – Oct 28
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for FormFactor, Inc. investors
For FormFactor, Inc. investors, the balance of recent signals points to a bullish shift. On the constructive side: Earnings beat with positive market reaction; Positive 3.2% session move. Weighing against that: FormFactor fell 11.18% to $99.64, erasing $12.54 per share, with no identified negative catalyst in evidence; FormFactor filed a material event 8-K today, triggering a 6.2% intraday decline to $122.20 from $130.28 (SEC filing_snapshots). Wall Street's consensus price target sits at $151.33, implying +37.2% upside from $110.31. BestStocks rates the overall signal quality medium (65/100). With earnings due imminently, the next report is the most likely near-term test of the move.
FORM price reaction
FORM last traded at $110.31, up $3.46 (+3.24%) from the previous close of $106.85. The session traded on 1.0× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $95.03 and $149.31, and it currently sits about 28% of the way up that band.
Bullish and bearish analyst opinions on FormFactor, Inc. (FORM)
▲Latest catalyst·strengthens the bull case
The latest catalyst — an earnings beat the market rewarded — it strengthens the bull case and confirms the prevailing bullish analyst lean.
The consensus analyst price target on FormFactor, Inc. (FORM) is $151.33, 37.2% above the recent $110.31. Over the past 90 days analysts logged 0 upgrades, 5 maintains, and 0 downgrades. Here is how the bullish and bearish cases on FORM line up.
▲ The bullish case
+Wall Street's consensus price target of $151.33 implies +37.2% upside from $110.31.
+The Street's most bullish target is $200.00 (+81.3%).
+Earnings beat with positive market reaction.
+Positive 3.2% session move.
+Positive price momentum.
▼ The bearish case
−FormFactor fell 11.18% to $99.64, erasing $12.54 per share, with no identified negative catalyst in evidence.
−FormFactor filed a material event 8-K today, triggering a 6.2% intraday decline to $122.20 from $130.28 (SEC filing_snapshots).
−FormFactor fell 8.06% to $105.68 as a sector-wide semiconductor and technology selloff was triggered by AI safety warnings and calls for a frontier AI development slowdown, according to reporting cited by Google's AI Overview on finance.yahoo.com and cnbc.com.
Bull vs bear balanceBullish Shift
BearishNeutralBullish
The latest catalyst moved the balance toward the bulls — the hollow tick marks where it sat before.
Weighing both sides, BestStocks' composite read of recent signals is bullish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Oct 28, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Analyst expectations
Consensus target: $151+37.2%
= 5 maintains
Evercore ISI Group maintained Outperform · 2026-10-28
FormFactor rose 6.00% to $107.18, supported by continued investor momentum following its $300 million strategic technology collaboration and equity investment deal with Teradyne Inc. announced earlier in October, per ca.investing.com and finance.yahoo.com. Semiconductor and AI demand tailwinds for high-performance compute and advanced packaging applications also underpin the move. Volume was 780,847 shares at 340 minutes into the session—0.44x the time-adjusted expected average, indicating below-average participation.
FormFactor fell 11.18% to $99.64, erasing $12.54 per share, with no identified negative catalyst in evidence. The company announced opening a Farmers Branch manufacturing facility to support probe card demand (Globe Newswire), a constructive development. The sharp decline occurred early in the session (55 minutes in) with volume assessment still pending; the sell-off diverges from the facility announcement and runs counter to upcoming earnings scheduled for October 28.
FormFactor, Inc. moved +7.32% intraday from $105.01 to $112.69. FormFactor Inc. (FORM) stock is trading up roughly 6.9% today because of a broad sector-wide rebound among semiconductor equipment manufacturers.The chip sector is recovering from a steep, multi-day correction. Today's rally is largely driven by a general "buy the dip" sentiment in the AI trade, alongside a 4% surge in the iShares Semiconductor ETF (SOXX) . Because there is no major company-specific news released by FormFactor today, the gains are moving in lockstep with the rest of its semiconductor equipment peers. ## FormFactor Inc (FORM) $112.28 6.92% today As of Oct 19, 10:15 AM EDT • Disclaimer 9:30 AM 9:40 AM 9:50 AM 10:00 AM 10:10 AM 106 108 110 112 Prev close $105.01 Oct 19, 2026 9:30 AM - 10:15 AM 1D 5D 1M 6M YTD 1Y 5Y Max| Open 110.46 | Mkt cap $8.77B USD | 52-wk high 160.27 | | High 113.00 | P/E ratio 77.08 | 52-wk low 40.60 | | Low 110.10 | Div yield- | ### Additional Recent Tailwinds While today's move is sector-driven, FormFactor's underlying momentum has been supported by notable developments over the past week: - $300 Million Equity Investment: Last week, Teradyne (TER) agreed to inject $300 million into FormFactor as part of a strategic partnership to accelerate n
FormFactor fell 6.63% to $119.59, driven by profit-taking and technical pullback after a multi-year AI-fueled rally that has left the stock trading at a high valuation multiple (P/E over 82), according to web research. The decline reflects broader consolidation and risk-off sentiment in semiconductor and equipment stocks. Trading volume stood at 688,530 shares (0.42x expected at this point in the session), below average for the time of day.
Risk2026-10-13-1.7%
FormFactor filed a material event 8-K today, triggering a 6.2% intraday decline to $122.20 from $130.28 (SEC filing_snapshots). The nature of the material event is not yet disclosed in the available evidence, but the filing's timing coincides with the sharp selloff in early trading.
FormFactor fell 6.83% to $130.13, driven by profit-taking following its recent S&P SmallCap 600 to MidCap 400 index transition (effective October 1, 2026) and a multi-month rally that left the stock vulnerable to revaluation ahead of Q3 earnings. Elevated valuation concerns and softer semiconductor sentiment also weighed on the name. Volume was below average at 0.52x the expected level 120 minutes into the session.
FormFactor surged 8.42% to $147.72 after Deutsche Bank initiated coverage with a Buy rating and $200 price target, citing a new second-source probe card win for Nvidia GPUs at TSMC with potential $200M+ revenue by 2028 (web_catalyst; CNBC, Yahoo Finance). Softer U.S. inflation data also lifted the broader semiconductor sector. Volume of 866K shares ran 1.62x the 180-minute average, consistent with a catalyst-driven move.
FormFactor, Inc. moved +5.38% intraday from $119.31 to $125.73. FormFactor CEO Mike Slessor Sells 17,510 Shares: The transaction was valued at ~$1.8 million based on a weighted average execution price of $104.73 per share on September 16, 2026. The traded volume represented 4% of the CEO's direct equity holdings held before the fil [2026-09-22]
In-depth FORM event analyses
Permanent, dated analyses of FORM's most significant sessions.
FORM rose 3.2% to $110.31. The move is associated with an earnings beat.
How much did FORM stock rise?
FORM gained 3.24% ($3.46) versus the prior close of $106.85, last trading at $110.31 on 1.0× average volume.
When is FormFactor, Inc.'s next earnings date?
FORM's next earnings report is scheduled for 2026-10-28 — about 0 days away.
What is the analyst price target for FORM?
The consensus analyst price target for FORM is $151.33, about 37.2% above the current $110.31. Over the past 90 days, analysts recorded 0 upgrades, 5 maintains, and 0 downgrades.
How BestStocks tracks FORM
This page is generated automatically by BestStocks' change-detection system after an earnings beat was detected and verified against independent data sources. It draws on 20 tracked change events for FORM, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of October 28, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
