FormFactor, Inc.

FORM Technology Semiconductor Equipment & Materials

FormFactor, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $785.0 million, up 2.80% from fiscal 2024.

Revenue
+38.4%
EPS
+370.0%
Free cash flow
+233.2%
Total debt
−9.05%

Quarter to September 2026, against a year earlier

80.38 8.62 +12.01%
Market cap
$5.6B
P/E
32.8×
Fwd P/E
31.9×
Dividend yield
—
F-score
4/9
Altman Z
15.12
Beneish M
−2.40
Dividend safety
n/a

FormFactor, Inc. (FORM) Gross margin

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FormFactor, Inc.'s gross margin over the twelve months to 30 September 2026 was 47.1%, up 7.8 percentage points from fiscal 2025 (39.3%). Over the past ten years it has ranged from 26.8% (fiscal 2016) to 41.9% (fiscal 2021); the current reading is higher than 45% of that period. That is in line with the Semiconductor Equipment & Materials industry median of 46.9% and in line with the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 39.3% (0.99)
FY2024 40.3% 1.33
FY2023 39.0% (0.58)
FY2022 39.6% (2.36)
FY2021 41.9% 0.43
FY2020 41.5% 1.22
FY2019 40.3% 0.58
FY2018 39.7% 0.40
FY2017 39.3% 12.56
FY2016 26.8% (3.61)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 54.7% 3.98
Jun 2026 50.7% 12.32
Mar 2026 38.4% (3.80)
Dec 2025 42.2% 2.40
43 more quarters

Against its own ten years

Low 26.8% High 41.9%
Ten-year median 39.6%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
NVMI Nova Ltd. compare 57.1%
ONTO Onto Innovation Inc. compare 50.4%
CAMT Camtek Ltd. compare 50.2%
KLIC Kulicke and Soffa Industries, Inc. compare 48.2%
FORM FormFactor, Inc. 47.1%
AXTI AXT Inc compare 44.0%
ACMR ACM Research, Inc. compare 43.8%
IPGP IPG Photonics Corporation compare 38.7%
AMKR Amkor Technology, Inc. compare 16.6%
Semiconductor Equipment & Materials industry median 46.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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