FormFactor beat Q2 2026 expectations with $258.2 million in revenue and $0.82 non-GAAP EPS, driven by strong multi-segment performance including HBM, GPU, and custom ASIC testing. The company qualified advanced MEMS technology at a leading foundry, boosting growth prospects. The analyst raised the 2028 non-GAAP EPS estimate from $3.34 to $4.25 and increased the price target from $134 to $170, applying a 40x forward P/E. Key risks include potential slowdowns in AI or HBM spending, execution challenges, and slower adoption of CPO technology.
FormFactor's recent earnings and price target update provide context for technology sector trends. For readers following technology stocks, here is Pluang's market snapshot as of Sep 16, 2026 01:31 WIB: Of 150 priced US tech stocks, 58 rose and 91 fell. Notable movers include GoPro Inc (GPRO) at USD 1.29, down 4.44%, Expensify Inc (EXFY) at USD 2.38, up 4.39%, and Western Digital Corp (WDC) at USD 408.50, down 4.32%.
Evolution Petroleum reported a fiscal Q4 adjusted loss of $0.02 per share, missing the $0.01 estimate, but revenue rose 15% to $24.21 million, beating expectations. GAAP net income was $4.61 million, up from $3.41 million a year earlier, helped by un...
Veea Inc. shares surged 149.34% following the announcement of a potential business combination with NovaGen Group B.V. The deal aims to create NovaGen Health Networks, merging Veea's AI edge-computing tech with NovaGen's regenerative medicine. GeoNov...
Shares of Future FinTech Group (FTFT) dropped 28.61% after reversing previous gains, following a recent reverse stock split. Swarmer (SWMR) declined 28.36% as its post-IPO lock-up period expired, increasing potential share supply. Enova International...
Tigress Financial upgraded Intel's price target from $118 to $145, maintaining a "Buy" rating due to strong performance in Intel's Data Center and AI division, which saw a 59% revenue increase to $6.3 billion in Q2. The upcoming IPO of Altera, where ...
Uber Technologies reported a 25% year-over-year increase in gross bookings to $53.7 billion in Q1 2026, driven by growth in ride-hailing, delivery, grocery, retail, and membership services. CEO Dara Khosrowshahi's recent purchase of 141,000 shares wo...
