FormFactor, Inc.

FormFactor, Inc.

FORMยทNASDAQ

$126.02

+9.5%
TechnologySemiconductors

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.

At a Glance

Live Snapshot
Market Cap$9.82B
EPS0.7000
P/E Ratio180.03
Earnings Date07/29/2026
3Y-12.0%
5Y-32.0%
10Y+562.0%
3Y+153.0%
5Y+94.0%
10Y-7.0%
3Y-86.0%
5Y-56.0%
10Y-109.0%
FORM

FormFactor, Inc. Cash Conversion Engine

FORM ยท NASDAQ
Net Income54.36M
Depreciation & Amortization46.93M
Stock-Based Compensation38.58M
Change in Working Capital-42.97M
Others16.57M
Capital Expenditures-103.66M
Free Cash Flow11.74M

Cash Flow Quality Analysis

FCF Conversion Rate

21.6%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

89.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-85.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$42.97M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

FormFactor, Inc. Cash Flow Statement

FORM โ€ข NASDAQ

FormFactor, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
54.4M
69.6M
82.4M
50.7M
83.9M
78.5M
39.3M
104M
40.9M
-6.6M
-1.5M
-19.2M
-57.7M
-35.5M
-66M
-188.3M
-155.7M
-80.6M
72.9M
60.8M
46.9M
32.9M
37.5M
38M
44.5M
48.7M
44.9M
43.7M
44.6M
46.8M
23.8M
30.5M
28.9M
16.9M
10.8M
28.2M
32.9M
32.2M
26.8M
22.1M
1.9M
-13.4M
-12.1M
-6.3M
3.9M
-562K
5M
-74.9M
-590K
-45M
-14K
230K
445K
-24.5M
-2M
-2.1M
39.1M
4.7M
-9.2M
-3.6M
38.6M
39.8M
38.6M
31.3M
29.4M
23.8M
23.2M
17.8M
16.3M
10.7M
11.6M
13.3M
12.1M
13M
13.8M
17.6M
20.8M
22.9M
0.0
21.2M
16.6M
-2.7M
-49.5M
36.2M
27.4M
16.9M
5.5M
11.3M
9.2M
30.5M
5.7M
11.6M
15.7M
6.3M
7.4M
72.8M
12.7M
6.1M
5.1M
301K
(0.0)
(15.6M)
(17.4M)
(10.9M)
(8M)
(9.2M)
(4.3M)
(4.6M)
(3.2M)
(2.6M)
(27K)
(950K)
(0.0)
(40K)
(1.4M)
(24.9M)
(0.0)
(1.2M)
(0.0)
(0.0)
-43M
-8.7M
-32.2M
-18.2M
-49.8M
1.9M
3.2M
-33.3M
-24.1M
-19.1M
-3.4M
-18.8M
-5.3M
-2.5M
6.5M
-1.3M
-2.5M
-9.6M
-36.7M
4.6M
115.4M
117.5M
64.6M
131.8M
139.4M
169.3M
121M
68.7M
86.3M
17.4M
36.1M
17.7M
-5.8M
-26.2M
-29.3M
-73.1M
-52.7M
-24.4M
84.8M
105.4M
INVESTING ACTIVITIES
-103.7M
-38.4M
-56M
-65.3M
-66.5M
-55.9M
-20.8M
-19.9M
-17.8M
-11.5M
-8.6M
-5.7M
-8.5M
-8M
-7.7M
-30.9M
-19M
-30.2M
-48.7M
-38.1M
-20.5M
(21.6M)
(101.8M)
-3.4M
(0.0)
-51.8M
-20.5M
(94K)
(68K)
-228M
(53K)
(115K)
-210K
-96.7M
(33K)
(0.0)
(0.0)
(0.0)
(66M)
(42M)
-193.5M
-139.1M
-135.5M
-101.9M
-150M
-51.2M
-25.1M
-30.6M
-50.7M
-10.6M
-66.2M
-31.7M
-91.3M
-82.4M
-246.7M
-341.3M
-587.8M
-273.9M
-226M
-278.6M
126.1M
124M
118.8M
95.8M
91.7M
60M
51.2M
29M
9M
44.5M
74.8M
73.5M
92.4M
146.3M
314.7M
441.8M
444.4M
343.3M
179.5M
249.4M
0.0
-1.5M
0.0
-1M
0.0
0.0
-51.1M
23K
-248K
-726K
1.2M
1.1M
-57K
-32.7M
363K
293K
-12M
1.6M
-66M
-42M
-191.5M
-33.5M
(29M)
-75.7M
-124.7M
-98.9M
-66.4M
-21.3M
-59.7M
-206.3M
(1.1M)
(37.3M)
-7.8M
-40.7M
(60.7M)
(69.8M)
-174.4M
(40.7M)
-95.1M
-67.3M
FINANCING ACTIVITIES
-125K
-43.6M
8.8M
10.5M
10.7M
10M
8.1M
7.7M
540K
5.7M
-4.8M
2.8M
2.6M
2.3M
-12.9M
3.1M
7.1M
5.7M
33.6M
202.4M
-1.1M
-1.1M
-1M
-8.4M
-9.3M
-25.4M
-6.6M
-41.3M
-33.1M
139.4M
0.0
-271K
-603K
-112K
0.0
0.0
0.0
0.0
0.0
0.0
-26.2M
-53.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-19M
(0.0)
-8.2M
(0.0)
(0.0)
(0.0)
-16.4M
-626K
(0.0)
(0.0)
(0.0)
(0.0)
-12.4M
-20M
-30.5M
-98M
-48.5M
-15.5M
-8M
-5.8M
-6.9M
-1.5M
0.0
0.0
0.0
0.0
0.0
0.0
4.3M
271K
7.9M
12.5M
-13.6M
-64.6M
-22.7M
-95.9M
-47.2M
-30.9M
-6.6M
-39.3M
-39.5M
143.6M
-4.8M
2.5M
2M
2.1M
-12.9M
3.1M
11.5M
6M
41.5M
214.9M
CASH FLOW SUMMARY
-378K
-3.5M
-2.6M
-2.5M
-3.2M
3.8M
-727K
-256K
2.6M
425K
-135K
-2.8M
-1.5M
-2M
-625K
-679K
-258K
371K
-96K
-41K
-90.2M
15.9M
68.3M
-42.4M
-35.8M
43.2M
47.4M
7.8M
-10.2M
-44.9M
32.3M
54.7M
-13M
-66.8M
17.8M
-836K
-215.9M
22.7M
31.1M
252.9M
197.2M
181.3M
113M
155.3M
191.1M
147.9M
100.5M
92.7M
101.4M
146.3M
113.9M
59.2M
72.2M
139M
121.2M
122M
337.9M
315.2M
284.1M
31.2M
107M
197.2M
181.3M
113M
155.3M
191.1M
147.9M
100.5M
91.2M
101.4M
146.3M
113.9M
59.2M
72.2M
139M
121.2M
122M
337.9M
315.2M
284.1M
11.7M
79.1M
8.6M
66.5M
72.9M
113.4M
100.2M
48.8M
68.6M
5.9M
27.5M
12M
-14.3M
-34.2M
-37M
-104M
-71.6M
-54.6M
36.1M
67.2M

SEC Filings

FORM - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 19, 2026
May 15, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 28, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 02, 2026
May 15, 2026
2026
10-K

10-K 2025 FY

FY

February 20, 2026
December 27, 2025
2025
8-K

8-K 2026

N/A

February 18, 2026
February 13, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 05, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 27, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 29, 2025
2025
Showing 1 to 10 of 376 filings