FormFactor, Inc. (FORM) has a MoatMap StockRank of 81/100 based on Quality (66/100), Value (19/100), and Momentum (78/100) factor scores. The current signal is STRONG BUY. FormFactor is a critical pick-and-shovel play for the AI hardware buildout. It is the global leader in advanced probe cards, which are indispensable for testing High-Bandwidth Memory (HBM) and complex logic dies before they are integrated into advanced packaging (like TSMC's CoWoS). Because advanced packaging cannot tolerate a single defective die, testing intensity and probe card complexity are skyrocketing. FormFactor possesses a massive technological moat, high switching costs, and direct exposure to the primary bottleneck in AI scaling.
FormFactor, Inc. is a leading designer and manufacturer of high-performance probe cards for testing integrated circuits, serving the semiconductor industry for wafer and package testing. It is a market leader in the critical and highly specialized probe card segment, essential for semiconductor manufacturing yield and quality control. FormFactor is a niche but vital supplier of advanced test solutions for the global semiconductor industry with a strong IP portfolio.
| Price | $126.61 |
| Market Cap | $10.2B |
| P/E (TTM) | 145.52 |
| P/E (Forward) | 46.57 |
| Price/Book | 9.32 |
| Return on Equity | 6.8% |
| Return on Invested Capital | 6.4% |
| Debt/Equity | 3.01 |
| Gross Margin | 42.2% |
| Operating Margin | 17.7% |
| Revenue Growth | 32.0% |
| Free Cash Flow | $-567K |
FormFactor, Inc. operates in the Semiconductor Equipment & Materials industry, part of the Technology sector (United States).