{"data":{"ticker":"FORM","slug":"formfactor","name":"FormFactor","exchange":"NASDAQ","sector":"Technology","headquarters":"Livermore, California","ceo":"Michael D. Slessor","employees":2153,"website":"https://www.formfactor.com","founded":"1993","layers":[{"slug":"semiconductors","name":"Semiconductors"}],"exposure":{"score":55,"tier":"Strategic","rationale":"FormFactor sells probe cards used to test advanced logic chips and HBM memory at the wafer level, selling to foundries and memory makers. HBM and AI processor test demand is the primary growth driver in an otherwise cyclical test market."},"quote":{"price":81.12,"change24hPct":13.04,"change7dPct":-7.32,"change30dPct":-40.84,"change1yPct":55.25,"high52w":159.93,"low52w":48.68,"marketCap":6360060416,"peRatio":37.21,"eps":2.18,"volume24h":151911801},"nextEarningsDate":"2026-10-28","summary":"FormFactor sells test and measurement products to the semiconductor industry. Its core products are probe cards, the custom interfaces that let chipmakers test chips while they are still on the wafer, before they are cut and packaged. Foundries and memory makers are its main customers.","explainer":["FormFactor sells test and measurement products to the semiconductor industry. Its core products are probe cards, the custom interfaces that let chipmakers test chips while they are still on the wafer, before they are cut and packaged. Foundries and memory makers are its main customers.","AI chips are reshaping its demand. The company makes HBM probe cards for testing the high-bandwidth memory that AI accelerators depend on, AI chip test solutions for advanced logic, thermal test systems, and advanced probe technology for leading-edge devices.","Founded in 1993 and headquartered in Livermore, California, FormFactor trades on the NASDAQ and employs roughly 2,200 people."],"buildoutRole":"FormFactor sits in the Semiconductors layer of the buildout on the test side. Every advanced AI processor and HBM memory stack must be tested at the wafer level, and FormFactor's probe cards are the interface that testing happens through. HBM and AI processor test demand is its primary growth driver inside an otherwise cyclical test market, which earns it an AI Exposure Score of 55 out of 100 on Supercycle.","faq":[{"q":"What does FormFactor do?","a":"FormFactor makes probe cards and test systems that chipmakers use to test chips at the wafer level, before cutting and packaging. Foundries and memory makers are its main customers."},{"q":"How is FormFactor exposed to AI?","a":"Testing demand for HBM memory and AI processors is its primary growth driver, inside an otherwise cyclical test market. Supercycle rates its AI Exposure Score at 55 out of 100."},{"q":"What are FormFactor's main products?","a":"HBM probe cards for testing high-bandwidth memory, AI chip test solutions for advanced logic, thermal test systems, and advanced probe technology for leading-edge devices."},{"q":"Why does HBM matter for FORM?","a":"High-bandwidth memory is the specialized memory stacked alongside AI accelerators. Each HBM stack needs wafer-level testing, and FormFactor's probe cards are the interface that testing runs through."},{"q":"Where is FormFactor based and who leads it?","a":"FormFactor is headquartered in Livermore, California, and is led by CEO Mike Slessor. Founded in 1993, it employs roughly 2,200 people and trades on the NASDAQ."}],"history1y":[{"date":"2026-09-28","close":130.97},{"date":"2026-09-29","close":136.25},{"date":"2026-09-30","close":149.31},{"date":"2026-10-01","close":148.44},{"date":"2026-10-02","close":149.15},{"date":"2026-10-05","close":147.99},{"date":"2026-10-06","close":141.3},{"date":"2026-10-07","close":139.8},{"date":"2026-10-08","close":137.13},{"date":"2026-10-09","close":139.67},{"date":"2026-10-12","close":130.28},{"date":"2026-10-13","close":128.09},{"date":"2026-10-14","close":119.71},{"date":"2026-10-15","close":113.34},{"date":"2026-10-16","close":105.01},{"date":"2026-10-19","close":110.16},{"date":"2026-10-20","close":107.7},{"date":"2026-10-21","close":112.18},{"date":"2026-10-22","close":95.03},{"date":"2026-10-23","close":98.51},{"date":"2026-10-26","close":101.11},{"date":"2026-10-27","close":106.85},{"date":"2026-10-28","close":110.31},{"date":"2026-10-29","close":97.46},{"date":"2026-10-30","close":87.53},{"date":"2026-11-02","close":87.3},{"date":"2026-11-03","close":96.79},{"date":"2026-11-04","close":85.24},{"date":"2026-11-05","close":71.76},{"date":"2026-11-06","close":81.12}],"incomeStatements":[{"ticker":"FORM","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":784993000,"cost_of_revenue":476142000,"gross_profit":308851000,"operating_expense":0,"operating_income":60095000,"net_income":54361000,"earnings_per_share":0.69,"earnings_per_share_diluted":0.69,"research_and_development":115682000,"selling_general_and_administrative_expenses":133074000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FORM","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":763599000,"cost_of_revenue":455676000,"gross_profit":307923000,"operating_expense":0,"operating_income":44199000,"net_income":69614000,"earnings_per_share":0.89,"earnings_per_share_diluted":0.89,"research_and_development":121938000,"selling_general_and_administrative_expenses":141786000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FORM","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":663102000,"cost_of_revenue":404522000,"gross_profit":258580000,"operating_expense":0,"operating_income":9803000,"net_income":82387000,"earnings_per_share":1.05,"earnings_per_share_diluted":1.05,"research_and_development":115765000,"selling_general_and_administrative_expenses":133012000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"FORM","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":747937000,"cost_of_revenue":451928000,"gross_profit":296009000,"operating_expense":0,"operating_income":54912000,"net_income":50738000,"earnings_per_share":0.65,"earnings_per_share_diluted":0.65,"research_and_development":109222000,"selling_general_and_administrative_expenses":131875000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"FORM","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":1224362000,"current_assets":557054000,"cash_and_equivalents":103330000,"total_liabilities":188959000,"current_liabilities":123861000,"total_debt":32358000,"shareholders_equity":1035403000,"retained_earnings":175306000},{"ticker":"FORM","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":1146215000,"current_assets":605128000,"cash_and_equivalents":190728000,"total_liabilities":198447000,"current_liabilities":131345000,"total_debt":39227000,"shareholders_equity":947768000,"retained_earnings":120945000},{"ticker":"FORM","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":1106794000,"current_assets":573780000,"cash_and_equivalents":177812000,"total_liabilities":197990000,"current_liabilities":131095000,"total_debt":48145000,"shareholders_equity":908804000,"retained_earnings":51331000},{"ticker":"FORM","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":1008228000,"current_assets":474552000,"cash_and_equivalents":109130000,"total_liabilities":199943000,"current_liabilities":149667000,"total_debt":50374000,"shareholders_equity":808285000,"retained_earnings":-31056000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":26003339,"portfolioPct":0.0010667560999997813,"change":"increased","period":"2026-06-30"}],"news":[{"title":"FORM Q3 Earnings Call Highlights Capacity Expansion and AI Demand","source":null,"url":"https://finance.yahoo.com/technology/articles/form-q3-earnings-call-highlights-140000204.html?.tsrc=rss","date":"2026-11-04"},{"title":"FORM Q3 deep dive: capacity constraints and photonics growth shape cautious outlook","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/form-q3-deep-dive-capacity-074936999.html?.tsrc=rss","date":"2026-11-03"},{"title":"FormFactor (FORM) is an Incredible Growth Stock: 3 Reasons Why","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/formfactor-form-incredible-growth-stock-164502109.html?.tsrc=rss","date":"2026-11-02"},{"title":"Buy, Sell, or Hold? Today’s Top Upgrades and Downgrades: Amazon.com, Coinbase Global, CrowdStrike, FormFactor, GameStop, L3Harris Technologies, Oracle, Reddit, Rivian Automotive, and More","source":null,"url":"https://247wallst.com/investing/2026/11/02/buy-sell-or-hold-todays-top-upgrades-and-downgrades-amazon-com-coinbase-global-crowdstrike-formfactor-gamestop-l3harris-technologies-oracle-reddit-rivian-automotive-and-more/?.tsrc=rss","date":"2026-11-02"},{"title":"Zacks.com featured highlights include Healthcare Services, CarMax, Hasbro, FormFactor and MaxLinear","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/zacks-com-featured-highlights-healthcare-084900346.html?.tsrc=rss","date":"2026-11-02"},{"title":"FORM vs. COHU: Which Semiconductor Testing Stock is a Better Buy?","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/form-vs-cohu-semiconductor-testing-174200542.html?.tsrc=rss","date":"2026-10-30"},{"title":"2 semiconductor stocks to keep an eye on and 1 we question","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/2-semiconductor-stocks-keep-eye-171529817.html?.tsrc=rss","date":"2026-10-30"},{"title":"FORM's HBM and Foundry Testing Gain From AI Demand: What's Ahead?","source":null,"url":"https://finance.yahoo.com/technology/articles/forms-hbm-foundry-testing-gain-133700235.html?.tsrc=rss","date":"2026-10-30"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.665Z","tier":"free","source":"https://supercyclehq.com/stock/formfactor","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/FORM","html":"https://supercyclehq.com/stock/formfactor","md":"https://supercyclehq.com/stock/formfactor.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}