6-Day Rally Sends FormFactor Stock Up 29%

FORM: FormFactor logo
FORM
FormFactor

FormFactor (FORM) – a provider of semiconductor testing probe cards and analytical systems – hit a 6-day winning streak, with cumulative gains over this period amounting to 29%. The company’s market cap has surged by about $2.0 Bil over the last 6 days and currently stands at $9.1 Bil.

Is this an opportunity or a trap? There is a near-equal mix of good and bad in FORM stock given its overall Moderate operating performance and financial condition. But keeping in mind its Very High valuation, we think that the stock is Unattractive (For details, see Buy or Sell FORM).

But here is the interesting part. You are reading about this 29% move after it happened. The market has already priced in the news. To catch the next winner before the headlines, you need predictive signals, not notifications. High Quality Portfolio is based on an architecture that includes such signals.

Trefis: FORM Stock Insights

Returns vs S&P 500

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The following table summarizes the return for FORM stock vs. the S&P 500 index over different periods, including the current streak:

Return Period FORM S&P 500
1D 12.1% 2.5%
6D (Current Streak) 28.9% 6.9%
1M (21D) 32.3% -0.2%
3M (63D) 84.1% -2.3%
YTD 2026 111.2% -0.9%
2025 26.8% 16.4%
2024 5.5% 23.3%
2023 87.6% 24.2%

However, big gains can follow sharp reversals – but how has FORM behaved after prior drops? See FORM Dip Buyer Analysis to learn more.

Gains and Losses Streaks: S&P 500 Constituents

There are currently 94 S&P constituents with 3 days or more of consecutive gains and 22 constituents with 3 days or more of consecutive losses.
 

Consecutive Days # of Gainers # of Losers
3D 48 18
4D 11 1
5D 2 2
6D 17 0
7D or more 16 1
Total >=3 D 94 22

 
 
Key Financials for FormFactor (FORM)

Last 2 Fiscal Years:

Metric FY2024 FY2025
Revenues $763.6 Mil $785.0 Mil
Operating Income $44.2 Mil $60.1 Mil
Net Income $69.6 Mil $54.4 Mil

Last 2 Fiscal Quarters:

Metric 2025 FQ3 2025 FQ4
Revenues $202.7 Mil $215.2 Mil
Operating Income $19.0 Mil $25.2 Mil
Net Income $15.7 Mil $23.2 Mil

While FORM stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.