FormFactor posts 38.4% revenue growth in Q3, driven by strong demand for probe cards and AI chips.

FormFactor reported a strong third quarter with revenue increasing 38.4% to $280.5 million and profits growing even faster. The growth is fueled by rising demand for probe cards used in complex AI processors and memory chips, leading to near-full capacity utilization and plans for a new factory in Texas. Key growth drivers include expanded probe card production and accelerating silicon photonics revenue. However, risks remain around customer concentration and maintaining profit margins. The stock trades at $88 per share with a 26x forward earnings multiple, and the analyst rates it as a Hold, awaiting more clarity on capacity expansion and margin sustainability before upgrading.

FormFactor's stock price on Pluang is currently USD 89.85, up 2.92% as of Nov 03, 2026 20:13 WIB. The company has a market capitalization of $6.82 billion, reflecting its significant presence in the technology sector. Despite recent gains, the stock remains well below its 52-week high of $159.93, indicating room for market movement amid ongoing capacity expansion plans.