13F Pro Quality Score

54.0/100

Rank #1,247 of 2,879 stocksTOP 50%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

64.2/100

Profitability

52.1/100

Balance Sheet

65.9/100

Earnings Quality

79.3/100

Free Cash Flow

36.4/100

Institutional Flow

67.7/100

Revenue Scale

45.0/100

Dilution Risk

25.9/100

FORM Stock Analysis & AI Quality Score

AI stock analysis and institutional research for FORMFACTOR INC (FORM), a Technology sector company. 13F Pro's AI-powered ranking engine scores FORM at 54.0/100 on a 32-signal composite quality model, placing it at rank #1,247 of 2,879 stocks — the top half of the AI-ranked universe. FORM scores in the top quartile across earnings quality (79.3). Areas of concern include free cash flow (36.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 25.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), FORMFACTOR INC reports quarterly revenue of $226.1M, net income of $20.4M, an operating margin of 7.4%. Top institutional holders of FORM by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, EARNEST PARTNERS, based on the most recent SEC filings. FORM trades on the Nasdaq exchange and files with the SEC under CIK 1039399. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FORM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FORMFACTOR INC directly from SEC EDGAR. FORMFACTOR INC's 13F Pro composite quality score has ranged between 8 and 66 since 2021, currently 54.0 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

Fun facts about FORMFACTOR INC

Quirks, history, and lore behind FORM — the kind of stuff that makes a stock memorable.

  • 1
    The Basics
    U.S. semiconductor equipment company · small-cap · listed on Nasdaq · headquartered in Northern California.
  • 2
    The Numbers
    Annual revenue in the range of $700–800 million — not a household name, but its gear touches nearly every chip made on Earth.
  • 3
    The History
    Founded in the late 1990s, it grew partly through acquisitions and carved out a dominant niche in a very specific slice of the wafer-testing supply chain.
  • 4
    The Secret
    Its core products are probe cards — the tiny, precision instruments that electrically test semiconductor wafers before they're sliced into individual chips.
  • 5
    The Lore
    It counts virtually every major chipmaker — from memory giants to logic leaders — as a customer, making it a quiet tollbooth on the road to every finished processor.
  • 6
    The Giveaway
    The world's largest probe card supplier, its ticker literally spells out what it believes in: FORM — as in FormFactor.
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Revenue

Q1 2026

$226.1M

Net Income

Q1 2026

$20.4M

Free Cash Flow

Q1 2026

$29.8M

Operating Margin

Q1 2026

7.4%

D/E Ratio

Q1 2026

0.01

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

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Revenue

+2.8% YoY
$785.0MFY 2025
FY22 $747.9MFY23 $663.1MFY24 $763.6MFY25 $785.0M

Net Income

-21.9% YoY
$54.4MFY 2025
FY22 $50.7MFY23 $82.4MFY24 $69.6MFY25 $54.4M

Operating Income

-11.9% YoY
$57.1MFY 2025
FY22 $54.9MFY23 $82.8MFY24 $64.8MFY25 $57.1M

EPS (Diluted)

-22.5% YoY
$0.69FY 2025
FY22 $0.65FY23 $1.05FY24 $0.89FY25 $0.69

Total Assets

+6.8% YoY
$1.22BFY 2025
FY22 $1.01BFY23 $1.11BFY24 $1.15BFY25 $1.22B

Total Debt

-7.5% YoY
$13.3MFY 2025
FY22 $16.5MFY23 $15.5MFY24 $14.4MFY25 $13.3M

Op. Cash Flow

-1.8% YoY
$115.4MFY 2025
FY22 $131.8MFY23 $64.6MFY24 $117.5MFY25 $115.4M

AI Insight: FORM Financial Trends

FORM returned to growth and profitability in 2025, with Q4 2025 and Q1 2026 delivering strongest margins and cash generation in two years.

Revenue grew 5.6% YoY from Q1 2025 ($171M) to Q1 2026 ($226M); Q4 2025 posted $215M, highest in dataset.

Operating margin recovered to 10.7% in Q4 2025 and 7.5% in Q1 2026, rebounding from 1.8% trough in Q1 2025.

Operating cash flow surged to $46M in Q4 2025 and $45M in Q1 2026—double the prior-year equivalent quarters.

Debt-to-equity remains low at 1.1%, but equity expanded 11.7% from Q2 2024 to Q1 2026—monitor capital allocation discipline.

Q1 2025 delivered only $3M operating income and $6M net income; recovery took three quarters—execution risk remains.

AI Insight: FORM Ratio Trends

FORM rebounded sharply through 2025 but Q1 2026 signals pullback—operating margin fell 340bps quarter-over-quarter despite NPM stability.

OpMargin surged from 1.9% nadir in Q1 2025 to 10.9% peak in Q4 2025, recovering profitability across the cycle.

ROIC climbed from 1.3% in Q1 2025 to 9.0% in Q4 2025, then contracted to 6.2% in Q1 2026.

Leverage remained flat at 0.01 D/E throughout period; balance sheet stability intact.

OpMargin declined 350bps Q4 2025 to Q1 2026 (10.9% → 7.4%); first sequential contraction in recovery phase.

TTM OpMargin of 8.4% lags Q4 2025's 10.9%, suggesting Q1 2025 weakness still dragging full-year metrics.

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Available Research

13F Pro tracks comprehensive data for FORMFACTOR INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)
XBRL financial facts (revenue, EPS, margins)
Insider transactions (Form 4)
Institutional 13F holdings
Quality rankings (32 signals)
AI analyst debates & daily meetings
Historical financial trends
Peer comparison & sector analysis

Top Institutional Holders of FORM

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Is FORM a good stock to buy?

13F Pro's AI-powered analysis of FORMFACTOR INC (FORM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FORM are available on the FORM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FORM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FORM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FORMFACTOR INC's investment landscape.