FormFactor is expected to report Q3 2026 consensus revenue of $270.6 million and adjusted EPS of $0.86, with the current stock price of $98.51 trading well below the average analyst price target of $132.00.
Investors are primarily focused on the growth trajectory of DRAM probe card revenue, specifically the demand for High Bandwidth Memory (HBM) testing solutions as the industry transitions toward HBM3E and HBM4 architectures.
Recent performance has been bolstered by record demand for AI-centric GPU and custom ASIC testing, which drove a 31.9% revenue increase in the prior quarter. The market is also closely watching for updates on the new Farmers Branch manufacturing facility, which is intended to alleviate capacity constraints and support the company's long-term 2030 profitability targets.