What Happened?
Shares of semiconductor testing company FormFactor (NASDAQ: FORM) jumped 2.6% in the afternoon session after the stock's positive momentum continued as the company reported its third-quarter earnings for 2025, which surpassed market expectations. FormFactor's earnings per share came in at $0.33, beating the forecast of $0.25. The company's revenue also exceeded predictions, reaching $202.7 million against an anticipated $199.97 million. Beating estimates on both the top and bottom lines indicated a strong financial performance for the quarter, which investors viewed favorably.
After the initial pop the shares cooled down to $49.76, up 1.9% from previous close.
Is now the time to buy FormFactor? Access our full analysis report here.
What Is The Market Telling Us
FormFactor’s shares are extremely volatile and have had 34 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 8 days ago when the stock dropped 3% after negative news from a data center company and a significant sale of Nvidia shares by a major investor fueled a broader sell-off. The downturn in chip stocks followed an announcement from CoreWeave Inc that a data center delay would negatively affect its financial expectations, leading to a downgrade by JPMorgan Chase. This news created concern across the industry, weighing on other chipmakers including ARM Holdings, Micron Technology, and Lam Research. Further pressure came as the technology-heavy Nasdaq Composite index fell, with companies like Nvidia dropping after reports that SoftBank had sold its stake.
FormFactor is up 12.5% since the beginning of the year, but at $49.76 per share, it is still trading 16% below its 52-week high of $59.25 from October 2025. Investors who bought $1,000 worth of FormFactor’s shares 5 years ago would now be looking at an investment worth $1,249.
Microsoft, Alphabet, Coca-Cola, Monster Beverage—all began as under-the-radar growth stories riding a massive trend. We’ve identified the next one: a profitable AI semiconductor play Wall Street is still overlooking.Go here for access to our full report.
