FormFactor, Inc. (FORM): one to watch?

Sector-wide chip-equipment selloff, not company-specific bad news, but the stock is still pricey after a huge AI-driven run-up.

👀 WATCH Fundamentals79/100

Fell 27% in 11 trading day(s) — now $100.61

Why FORM dropped

FormFactor fell alongside peers (ENTG, ONTO, AMKR, MKSI) in broad semiconductor-equipment sector selling in July-August 2026, not because of a company-specific problem; its Q2 2026 earnings actually beat guidance with 32% revenue growth on AI/HBM chip-testing demand.

Fwd P/E 29.0Op margin 24.1%Rev growth 31.9%Debt/equity 2.7%Analyst upside 37.8%

How this scored 79/100

✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.

✅ Makes money Net profit margin 12.8%

✅ Generates cash Free cash flow $115M

✅ Not drowning in debt Debt/equity 2.7% (limit 200%)

✅ Can pay its bills Current ratio 4.1 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 16/25

Operating margin 24.1% 9/9

Net profit margin 12.8% 5/8

Return on equity 11.0% 2/8

Growth Is it getting bigger, or dying? 25/25

Revenue growth 31.9% 9/9

Earnings growth 502.5% 8/8

Expected profit change 141.3% 8/8

Value Is it cheap right now? 13/25

Forward P/E 29.0 3/10

PEG ratio 1.4 5/8

Analyst target upside 37.8% 4/7

Balance sheet Will it survive? 25/25

Debt / equity 2.7% 10/10

Current ratio 4.1 8/8

Free cash flow $115M 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-09-01. Research only — not financial advice.