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Companies / Information Technology / FormFactor, Inc.
FORM

FormFactor, Inc.

Ticker FORMLIVERMORE, CAFiscal year ends DecemberBook value per share $13.97Diluted shares 79.5M

FormFactor, Inc. is a leading provider of electrical and optical test and measurement technologies serving the semiconductor industry across the full product lifecycle, from characterization and design debug through qualification and production test. The company maintains its website at www.formfactor.com. From the company’s description.

Fiscal year 2025 · ends 12-26Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-27
Sales & profitability
$784.99MFY2025
+2.8% year over year
Last 12 mo $902.23M
7.27%FY2025
−1.2 percentage points
Last 12 mo 12.85%
$54.36MFY2025
−21.9% year over year
Last 12 mo $115.47M
5.25%FY2025
−2.1 percentage points
Last 12 mo 10.39%
Cash & financing
$115.40MFY2025
−1.8% year over year
Last 12 mo $179.73M
$11.74MFY2025
−85.2% year over year
Last 12 mo $136.12M
0.01FY2025
Was 0.01× a year earlier
Last 12 mo 0.01
78.3MFY2025
−0.2% year over year
Last 12 mo 79.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FormFactor, Inc. does

In the company’s own words

FormFactor, Inc. is a leading provider of electrical and optical test and measurement technologies serving the semiconductor industry across the full product lifecycle, from characterization and design debug through qualification and production test. The company maintains its website at www.formfactor.com.

Founded in 1993 and introducing its first product in 1995, FormFactor has grown through strategic acquisitions to establish itself as a comprehensive test and measurement solutions provider. The company operates through two reportable segments: Probe Cards and Systems. The Probe Cards segment generates the substantial majority of revenues and includes sales of probe cards and analytical probes, while the Systems segment encompasses probe stations, thermal systems, and cryogenic systems.

FormFactor's probe card technology utilizes advanced micro-electromechanical systems (MEMS) and proprietary design tools to create custom solutions for each customer's unique chip design requirements. The company's probe cards can maintain tens of thousands to hundreds of thousands of simultaneous high-fidelity electrical contacts and support testing at millimeter-wave frequencies exceeding 80 gigahertz. Analytical probes serve diverse applications including device characterization, electrical simulation model development, and failure analysis. Probe stations provide highly configurable measurement solutions for semiconductor development and characterization. The company also manufactures thermal subsystems for precise temperature management and cryogenic systems for applications requiring temperatures near absolute zero, including quantum computing research.

FormFactor serves semiconductor integrated device manufacturers, foundries, fabless companies, universities, and research institutions globally. Key customers include major semiconductor manufacturers testing logic, DRAM, flash memory, display, sensor, and quantum computing devices. As of December 27, 2025, the company employed 2,153 regular full-time employees distributed across North America (1,553), Asia (325), and Europe (275). Primary manufacturing facilities are located in Livermore and Beaverton in the United States, with additional operations in Japan and Germany. The company maintains repair and service capabilities across multiple locations in North America, Europe, Asia, and the Pacific region to support its global customer base.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
LIVERMORE, CA
Fiscal year end
December
CIK
1039399
SIC
3674

Financial performance, year by year

Fiscal 2013–2025 · USD
$-153.67M$134.30M$422.27M$710.24M$998.22M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FormFactor, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

416
funds hold it
1 of 35
superinvestors hold it
$5.09B
held by funds, at market
43.5%
of shares held by funds

Superinvestors in FormFactor, Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · FormFactor, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.67%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets
VANGUARD CAPITAL OPPORTUNITY FUND
VHCOX · VANGUARD HORIZON FUNDS
0.51%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.35%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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