Formfactor IncFORM

NasdaqTechnologySemiconductors & Related Devices
Price (close)
$129.04
Market cap
$10.1B
P/E
87.3x
Revenue (TTM)
$902.2M
Net income
$115.5M
Dividend yield
—
1-year total return
262.5%
Net margin
12.8%
Revenue growth
18.0%
Debt / equity
0.01x

What Formfactor Inc does.

FormFactor, Inc. is a leading provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. We provide a broad range of high-performance probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Our products provide electrical and optical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. Customers use our products and services to accelerate profitability by optimizing device performance, reducing scrap, and improving yields.

Founded in 1993, we introduced our first product in 1995. From time to time, we have acquired businesses to help transform our business into a semiconductor test and measurement market leader with greater scale, diversification, breadth and market opportunities from Lab to Fab. We continue to evaluate opportunities to acquire businesses and technologies to further these goals.

As of December 27, 2025, we operate in two reportable segments consisting of the Probe Cards segment and the Systems segment. Sales of our probe cards and analytical probes are included in the Probe Cards segment, while sales of our probe stations, thermal systems and cryogenic systems are included in the Systems segment.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$693.6M$769.7M$747.9M$663.1M$763.6M$785.0M
Net income$78.5M$83.9M$50.7M$82.4M$69.6M$54.4M
Free cash flow$113.4M$72.9M$66.5M$8.6M$79.1M$11.7M

More on FORM.

Figures from Formfactor Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.