FormFactor is expected to report consensus revenue of $240.11 million and EPS of $0.61, while the current stock price of $98.58 sits well below the average analyst price target of $132.45. The primary focus for investors this quarter is the sustained demand for High Bandwidth Memory (HBM) probe cards and the company's early progress in the transition to HBM4 technology.
Recent performance has been bolstered by record DRAM revenue and a $24 million state grant to expand manufacturing capacity in Texas, specifically targeting AI-driven test demand. Analysts are also watching for margin expansion as the company scales its SmartMatrix technology to support more complex AI-accelerator and networking chip designs.