Semiconductor testing company FormFactor (NASDAQ: FORM) will be reporting earnings this Wednesday afternoon. Here’s what to expect.
FormFactor met analysts’ revenue expectations last quarter, reporting revenues of $226.1 million, up 32% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ operating income estimates.
Is FormFactor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting FormFactor’s revenue to grow 22.6% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. FormFactor rarely misses Wall Street’s revenue estimates.
Looking at FormFactor’s peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Amkor delivered year-on-year revenue growth of 25.6%, beating analysts’ expectations by 4.5%, and Intel reported revenues up 25.4%, topping estimates by 11.7%. Intel traded down 12.2% following the results.
Read our full analysis of Amkor’s results here and Intel’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. Investors in semiconductors stocks haven’t been spared in this environment as share prices are down 17.1% on average over the last month. FormFactor is down 31.2% during the same time and is heading into earnings with an average analyst price target of $144.67 (compared to the current share price of $99.17).
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