FormFactor
FORM · NASDAQ · Technology
$131.26
+$13.15 (+10.02%) today
Market Cap
$10.25B
24h Volume
$162.7M
P/E Ratio
90.5
52w High
$159.93
52w Low
$35.28
Est. AI Revenue
24%
7-Day Sparkline (Static)
Company facts
Performance
About FormFactor
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.
FormFactor in the AI buildout
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.
FORM is tracked in Semiconductors, rated Strategic on the AI Exposure leaderboard.
By the numbers
52-week range
FORM trades at $131.26, 77% of the way up its 52-week range of $35.28 to $159.93.
Market cap
Market capitalization is $10.25B, with an AI Exposure Score of 55 out of 100.
Valuation vs peers
Its P/E ratio of 90.5 is above the Semiconductors category median of 47.5.
Next earnings
FormFactor is next expected to report earnings on October 28, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does FormFactor do?
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.
How is FormFactor exposed to AI?
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.
What are FormFactor's main products?
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.
Why does HBM matter for FORM?
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.
Where is FormFactor based and who leads it?
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.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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