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FormFactor Inc. FormFactor Inc. (FORM) β€” RQD Stock Rating Cockpit

$87.30 -0.26% NASDAQ β€’ Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $87.09

FormFactor Inc. FormFactor Inc. (FORM) carries a Roarable Rating of D (Sell) with 48/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D β€’ SELL / AVOID Cap $6.84B
πŸ“€ Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚑ INSTANT AI QUANT PREVIEW β€’ $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FORM Below β€” or Connect Your Own ChatGPT / Claude
πŸ€– Mara Quenwick β€’ AI Quant Lead (Click for Instant Brief) Is FORM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
β–Ό

As of 2026-11-03, FormFactor Inc. FormFactor Inc. (NASDAQ: FORM) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 48/100 at a spot price of $87.30 (-0.26% 1D, market cap $6.84B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 18/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 8/20. Across 715 tracked Technology issuers, FORM ranks #358 in composite RQD confidence.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Ellis Vennor β€’ AI Peer & Flow Quant (Click for Instant Brief) How does FORM compare to SIMO and VIAV in the Technology sector?
β–Ό

Within the Technology sector (Semiconductors), FORM carries a Roarable D (48/100 RQD), trailing P/E of 140.1x, gross margin of 39.3%, and ROIC of 4.8%. By comparison, SIMO (Silicon Motion Technology Corporation) holds a D grade (48/100 RQD, P/E 63.0x, ROIC 9.3%, cap $7.07B) and VIAV (Viavi Solutions Inc.) posts a D grade (48/100 RQD, P/E N/A, ROIC 9.4%, cap $7.41B). Among the 5-stock peer group, SIMO leads on earnings multiple (63.0x) while VIAV leads on capital efficiency (9.4% ROIC).

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– Gideon Ashmere β€’ AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FORM?
β–Ό

Per FORM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-27, CIK 0001039399), FormFactor Inc. FormFactor Inc. generated $785.0M in revenue (+2.8% YoY), $54.4M in net income, and $11.7M in free cash flow against $1.22B in total assets and $11.1M in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

βœ“ Pre-computed one-to-many AI Quant brief
πŸ€– AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists β€” not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
πŸ›‘οΈ Portfolio Crash X-Ray
EXT / AFTER-HRS: $87.09 (-0.24%)🧬 Disciplined Float (+1.08% YoY Shares)βš™οΈ Cash Engine: 7/20 (D-) β€’ 1.5% FCF Margin
Verify 90D Bucket Audit β†’
πŸ“Š Historical Track Record Warning: Scores below 50 (48/100 Β· D) historically underperformed SPY in 71% of rolling 90-day windows (-5.6% avg 90D alpha vs SPY β€’ 29.0% hit rate).
Audit Bucket Track Record β†’
RQD QUANT TACHOMETERSELL / AVOID β€’ D
025507510048
2-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) β€” not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D- Β· Rk C+
Cash (7)Whales (6)SEC (18)Macro (9)CEO (8)
Each axis scored 0–20
12M PRICE TARGET CONE-4.5% Base Target
$168 Bull$83 Base$65 Bear
πŸ“¬ FREE FORM RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: β€” (No Active Options Snapshot on file for FORM)Realized 20D OHLCV Swing Band: Β±12.5%
Deterministic 5-Pillar Attribution (48/100 Composite)
πŸ” WHY FORM SCORES 48/100 (D) β€” TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
β–² #1 Bullish Driver: SEC 10-K Forensic Risk+18/20 pts (38% of score)

Altman Z-Score 25.60 (FORTRESS SAFE (>3.0)) β€’ Piotroski F-Score 7/9

β–² #2 Bullish Driver: Macro Regime Fit+9/20 pts (19% of score)

FRED Regime Γ— Technicals: 35% of 52W Range β€’ RSI-14 at 36.2 (NEUTRAL RANGE)

β–Ό #1 Drag / Risk Factor: Whale & Options Positioning6/20 pts (-14 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)

πŸ“ˆ PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 β†’ Q2 β†’ Q3 β†’ Current
Q1 (-3Q)
56
Grade C$119.71-6.3% Next Q
Q2 (-2Q)
53
Grade C-$112.18-1.7% Next Q
Q3 (-1Q)
51
Grade C-$110.31-20.9% Next Q
Current
48
Grade D$87.30-5.6% Hist 90D Ξ±
Trajectory: C (56) β†’ D (48)Full Audit β†’
βš”οΈ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

βš”οΈ Adversarial Opposing Case: What Could Spark a FORM Turnaround Squeeze

Gideon Ashmere Forensic Desk β†’

While FORM currently carries a cautious 48/100 (D) rating due to Whale & Options Positioning (6/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

πŸš€ Contrarian Squeeze Trigger #1

Clean SEC annual filing review with no major hidden accounting time-bombs.

πŸš€ Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($115.30) and Max Pain ($91.67) forces dealer call-delta covering toward $168.28.

πŸš€ Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+1.08% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FORMβ€’ $4.8M Crowd Pool β€’ Kalshi / Polymarket Composite
Contract: β€œFORM Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
RSI-14 MOMENTUMNEUTRAL RANGE
36.230 Oversold Β· 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
25.60>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
7 / 99-Pt Accounting
52-WEEK LASER RANGE35% OF RANGE
L: $47$87.30H: $160
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: D-RQD 7 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: D-RQD 14 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: C+RQD 27 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

2-of-3 Quant Analysts Bearish Warning on FORM

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (35)

4.8% ROIC with 39.3% gross margin and 0.15% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BULLISH (90)

Altman-Z 25.60 and Piotroski 7/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (38)

14/40 institutional & smart-money positioning score with 9/20 macro alignment.

Bull Case: Why Buyers Like FORM
  • βœ“Clean SEC annual filing review with no major hidden accounting time-bombs.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Priced at 140x earningsβ€”high expectations leave less room for a lukewarm quarter.
ON-DEMAND RQD QUANT WORKSHOP β€’ SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FORM)

  • βœ“Walkthrough of FORM's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • βœ“3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • βœ“Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?
FORM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -35.03%πŸ›‘οΈ HOLDING TREND SUPPORT
2026-11-03O $97.46H $97.46L $87.30C $87.30VOL 2.89M
RES: $159.1SUP: $83.97SMA50: $115.3SMA200: $114.3
$166.9$139.4$111.9$84.42$56.93RES $159.1SUP $83.97$87.302026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FORM Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
48.0%/yr Implied 5Y Growth

vs. +2.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FORM today. View full Setup Ledger β†’

πŸ¦‹ Documented & Second-Order Butterfly Connections Open Graph β†’

No direct multi-tier Butterfly edges indexed yet for FORM. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FORM today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk β†’
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT β€’ SEC EDGAR XBRL Γ— RQD PEER BENCHMARK

πŸ“Š Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FORM)

1. Head-to-Head Technology Peer Comparison (FORM vs. SIMO, VIAV, SLAB, MXL)

Industry: Semiconductors (95 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, FormFactor Inc. FormFactor Inc. (FORM) ranks #358 by composite RQD confidence (48/100, grade D) and #181 by equity capitalization ($6.84B). Within this direct 5-issuer industry benchmark cohort, SIMO leads on earnings valuation at 63.0x trailing P/E, while VIAV leads on capital efficiency and profitability with 9.4% ROIC and 57.7% gross margin. SLAB currently holds the highest overall quantitative score in the immediate peer group at 65/100 (C) compared with FORM at 48/100 (D).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FORM ACTIVE
FormFactor Inc. FormFactor Inc.
D 48/100 140.1x 39.3% 4.8% -0.26% $6.84B Benchmark Subject
SIMO
Silicon Motion Technology Corporation
D 48/100 63.0x 48.3% 9.3% -9.94% $7.07B /simo-vs-form β†’
VIAV
Viavi Solutions Inc.
D 48/100 β€” 57.7% 9.4% -7.09% $7.41B /viav-vs-form β†’
SLAB
Silicon Laboratories Inc.
C 65/100 β€” 58.2% -6.9% -0.16% $7.42B /slab-vs-form β†’
MXL
MaxLinear Inc.
C- 59/100 β€” 56.8% -19.2% -9.10% $6.14B /mxl-vs-form β†’

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K β€’ FILED 2025-12-27 β€’ CIK 0001039399 β†—

In its most recent audited fiscal period (FY2025, filed 2025-12-27), FormFactor Inc. FormFactor Inc. (FORM) reported GAAP revenue of $785.0M (+2.8% vs. FY2024 revenue of $763.6M , and +18.4% cumulative change since FY2023) , GAAP net income of $54.4M, operating cash flow of $115.4M, and free cash flow of $11.7M (-85.2% YoY). On the balance sheet, FORM closed FY2025 with $1.22B in total assets against $11.1M in total debt (Altman Z-Score: 25.60, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-27 $785.0M $54.4M $115.4M $11.7M $1.22B $11.1M
FY2024 (FY) 2024-12-28 $763.6M $69.6M $117.5M $79.1M $1.15B $12.2M
FY2023 (FY) 2023-12-30 $663.1M $82.4M $64.6M $34.8M $4.19B $979.9M

3. FORM Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

βœ“ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FORM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, FormFactor Inc. FormFactor Inc. (NASDAQ: FORM) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 48/100 at a spot price of $87.30 (-0.26% 1D, market cap $6.84B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 18/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 8/20. Across 715 tracked Technology issuers, FORM ranks #358 in composite RQD confidence.

How does FORM compare to SIMO and VIAV in the Technology sector?

Within the Technology sector (Semiconductors), FORM carries a Roarable D (48/100 RQD), trailing P/E of 140.1x, gross margin of 39.3%, and ROIC of 4.8%. By comparison, SIMO (Silicon Motion Technology Corporation) holds a D grade (48/100 RQD, P/E 63.0x, ROIC 9.3%, cap $7.07B) and VIAV (Viavi Solutions Inc.) posts a D grade (48/100 RQD, P/E N/A, ROIC 9.4%, cap $7.41B). Among the 5-stock peer group, SIMO leads on earnings multiple (63.0x) while VIAV leads on capital efficiency (9.4% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FORM?

Per FORM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-27, CIK 0001039399), FormFactor Inc. FormFactor Inc. generated $785.0M in revenue (+2.8% YoY), $54.4M in net income, and $11.7M in free cash flow against $1.22B in total assets and $11.1M in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FORM trading relative to its 50-day, 200-day, and 52-week technical levels?

FORM last traded at $87.30 (-0.26% on volume of 2,023,499 shares), positioning the stock -24.28% below its 50-day simple moving average ($115.30) and -23.63% below its 200-day simple moving average ($114.31). Across its 52-week range of $47.33 to $160.27, FORM sits at the 35.4% percentile with a 14-day RSI of 36.2 (NEUTRAL RANGE) and an implied next-earnings move of Β±12.5% ($76.39 to $98.21).

ROARABLE RATING BRIEF β€’ RQD 48/100 (D) βœ“ SEC XBRL & RQD VERIFIED

FORM β€” FormFactor Inc. FormFactor Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-27

1. Roarable Rating Brief: What This Means to a Prospective Investor

FormFactor Inc. FormFactor Inc. (FORM) earns a live Roarable RQD composite score of 48/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $87.30 (-0.26% 1D, market capitalization $6.84B).

  • Fundamental Cash Engine (7/20): Anchored by return on invested capital (ROIC) of 4.8%, gross margin of 39.3%, operating margin of 7.3%, and free cash flow yield of 0.15%.
  • Whale 13F & Options Flow (6/20) + Insider Conviction (8/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (18/20): Incorporates a 1.16x equity beta, Altman Z-Score of 25.60, Piotroski F-Score of 7/9, and Debt/Equity of 0.01x.

2. Business Model, Unit Margins & SEC Financial Trajectory

FormFactor Inc. Is a NASDAQ-listed issuer in the Technology sector and Semiconductors industry. The profile identifies it as FormFactor Inc. (FORM) with a market capitalization of $7.6B. Customer identity, product lines, and revenue model are not described in the source data.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-27), FormFactor Inc. FormFactor Inc. (FORM) reported $785.0M in annual revenue (up from $763.6M in FY2024, +2.8% YoY) and $54.4M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($663.1M revenue, $82.4M net income) through FY2025, FORM scaled operating cash flow to $115.4M and free cash flow to $11.7M, backed by $1.22B in total assets against $11.1M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • πŸ‚ Primary Bull Case (D β€’ RQD 48/100): Clean SEC annual filing review with no major hidden accounting time-bombs. Free cash flow yield of 0.15% and institutional whale pillar of 6/20. With Fundamental Cash Engine at 7/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $47.33 – $160.27 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 140.1x trailing P/E and 51.8x EV/EBITDA against 7.3% operating margins and a 1.16x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Semiconductors (Technology), FORM carries a macro regime beta of 1.16 and gross margin of 39.3%.

  • Key Question #1: Can FORM sustain or expand its 7.3% operating margin and 4.8% ROIC against Semiconductors peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $785.0M and free cash flow of $11.7M, how will capital allocation balance growth reinvestment against $11.1M in total debt?
  • Key Question #3: How sensitive is FORM's 130.3x forward P/E multiple to Technology capital spending cycles and macro interest-rate shifts (Beta 1.16x)?

FORM Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for FormFactor Inc. FormFactor Inc. (FORM) β€’ Click "Debate This Headline" to argue it in the Roar Pit below

πŸ’¬ Jump to FORM Debate Forum (3) ↓
πŸ”΄ RISK WATCH Yahoo β€’ 1d ago
Buy, Sell, or Hold? Today’s Top Upgrades and Downgrades: Amazon.com, Coinbase Global, CrowdStrike, FormFactor, GameStop, L3Harris Technologies, Oracle, Reddit, Rivian Automotive, and More

Pre-Market Stock Futures: Futures are trading higher after a rough week in which sellers moved hard against the big tech companies, which reported mostly solid results. Still, massive spending on AI, free cash flow that

Read Full Source β†—
πŸ”₯ THE ROAR PIT β€’ LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FORM Bull vs. Bear Conversation Board β€” What's Your Call at $87.30?

πŸ‚ 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FORM 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FORM:
πŸ’‘ Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeltaGamma_99 RQD DEBATE OPENER β€’ Options Flow Specialist πŸ‚ BULLISH 🎯 Target: $101.53 (+16.0%)
πŸ“Œ Pinned Debate

The balance sheet is highly forensic-safe, with an Altman Z-Score of 25.6, Piotroski F-Score of 7/9, and Debt/Equity of 0.01.

Picked up a starter position in FORM in my $100K Virtual Cash book at $87.53. The balance sheet is highly forensic-safe, with an Altman Z-Score of 25.6, Piotroski F-Score of 7/9, and Debt/Equity of 0.01.. Trading inside a $47.33–$160.27 52-week range with 0.15% FCF yield gives solid downside support if Semiconductors multiples expand this quarter.

CapAlloc_Nerd πŸ‚ BULL

@SkepticalCFA Fair point on 140.1x trailing P/E, but you're ignoring the forward operating leverage in Semiconductors. If gross margin (39.3%) holds, EPS grows into the multiple faster than bears think.

SK SkepticalCFA RQD DEBATE OPENER β€’ Fundamental Contrarian 🐻 BEARISH 🎯 Target: $67.40 (-23.0%)
Spot @ $87.53

The stock trades at a TTM P/E of 140.1 while ROIC is 4.8% and FCF yield is 0.15%, leaving valuation far ahead of cash returns.

The stock trades at a TTM P/E of 140.1 while ROIC is 4.8% and FCF yield is 0.15%, leaving valuation far ahead of cash returns.. Look at the math on FORM: paying 140.1x trailing P/E for 4.8% ROIC and 7.3% operating margins leaves zero margin of safety if Semiconductors demand softens. I'd wait for a retest of $77.03 before getting long.

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