Why Is FORMFACTOR INC (FORM) Stock Up Today?

FORM stock is up 25.67% at $104.87 as of the latest trade, driven by strong second-quarter results and updated guidance from the semiconductor equipment maker. The company reported record revenue and gross profit for Q2 2026 and raised its outlook for the third quarter, citing strong demand in DRAM, foundry, and logic segments. The stock opened with a 16.1% gap up from the prior close and reached an intraday high of $105.25 before settling near its peak.

What Happened

FormFactor released its Q2 2026 earnings report on July 29, 2026, disclosing record financial results and updated guidance. The company reported better-than-expected earnings and revenue, with CEO Mike Slessor highlighting strong performance across multiple product lines. FormFactor also announced an expanded partnership with Keystone Microtech to enhance probe card solutions for AI and high-performance computing markets. The company guided for Q3 2026 GAAP earnings of $0.66 to $0.84 per share and adjusted earnings of $0.77 to $0.95 per share, both above estimates. Revenue guidance of $260 million to $280 million also exceeded the $247.35 million consensus.

The SEC 8-K filing on the same day confirmed the results of operations and provided financial details, while multiple third-party reports highlighted the earnings beat and upbeat outlook. The stock surged in pre-market and continued to climb through the session, fueled by investor optimism.

What The Data Shows

The session began with a $96.84 open, a 16.1% gap up from the previous close of $83.45. Trading volume reached 0.4 million shares, which is 0.2 times the 3-month average. The stock peaked at $105.25 at 9:55 AM ET before consolidating near the high. FormFactor’s fundamentals show a market cap of $6.9 billion, a P/E ratio of 95.9, and trailing 12-month revenue growth of 9.6%. The stock has traded between $26.08 and $160.27 over the past 52 weeks. Recent insider transactions include multiple sales by the CEO and directors, totaling $6.6 million in the last 90 days.

What To Watch

FormFactor does not have an upcoming earnings date in the immediate future, but coverage breadth is expanding with six stories from five sources in the last 36 hours. Investors will want to monitor the company’s progress in executing its strategic partnerships and how the semiconductor industry responds to shifting demand in DRAM and AI markets.