FORMFACTOR INC · Semiconductors

FORM

Low riskNext report: In 0 days (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 32% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Money moves

Insiders sold $1.4M in the last 30 days, all through pre-planned sales
Institutions cut 3.2% from their holdings in the quarter ending June 2026 (296 bought, 206 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$101.06+2.6% that day

Company value: $7.9B; Share price times all shares
Price vs profit (P/E): 69.2x; You pay about $69 for each $1 of yearly profit
Price vs sales: 8.8x; Company value is 8.8 times a year of sales
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 0%; Debt as a share of company value

From FORM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$258.2M+32% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $902.2M, up 18% from the 12 months before. Over 5 years, sales grew about 2.5% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of FORM. Starting points are the company's recent numbers.

Sales growth+18% a yearRecently: +18% a yearProfit margin13%Last 12 months: 12.8%P/E at the end40xToday: 69.2x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$2.1B

Profit in 5 years$268M

Price these guesses point to$137.39+36% vs $101.06 todayAbout +6.3% a year, before dividends

What today's price needs: with a 13% margin and a 40x P/E, sales would have to grow about 11% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/7Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.5%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.9%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$11.7M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.1% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.39.3%

Revenue: $785.0M; +2.8% vs prior year
5-year growth: +2.5%/yr; revenue, per year
Total debt: $12.2M; 0.01x equity
Current ratio: 4.50x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 27, 2026

Reported Jul 29

Revenue: $258.2M; +31.9% YoY
EPS: $0.71; vs $0.12
Op. margin: 22.4%; +16.1 pts
Gross margin: 50.7%; +13.4 pts
Free cash flow: $52.2M
Share count: +2.7%; vs a year ago

Insider rating

Last 90 days

45Mixed

Pre-planned sales of $1.4M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-3.2%

Institutions cut 3.2% from their holdings. 296 bought, 206 sold. 2 quarters of net selling in a row.

Shares held by institutions72.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.0x · $11.6M debt

Shares outstandingLatest reported

78M

Why low risk

1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 0 days (est.)Estimated from the same quarter last year

Results filedJul 29
Results filedApr 29
Results filedFeb 4
Results filedOct 29, 2025
Results filedJul 30, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Unregistered share saleOct 13 · View filing ↗Offering 5%+ holder update (passive)Aug 14 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$1.4M1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Mike SlessorCEO	Sell	11K	$125.20	$1.4M	456K	Oct 14Filing ↗
-2.4% of their holdings $124.23 to $125.92 across 3 trades Pre-planned sale (10b5-1) Also Director Filed same day