QM · rank #14 · 2026-07-24
FORM
NASDAQ · $8.79B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +310.27% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +6.8% |
| Profit margin Net profit margin, trailing 12 months. | +8.1% |
| Market cap (USD) Size filter: > $500M required. | $8.79B |
| Anchor (recent) Close on 2026-06-24 | $141.42 |
| Anchor (far) Close on 2025-06-24 | $34.47 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
FormFactor is a leading independent probe card supplier enabling wafer-level testing at advanced nodes, with revenue tightly tied to Asia-driven semiconductor capex.
Rationale
Record Q1 2026 revenue of $226M (+32% YoY), consecutive beats, a 12.6% post-earnings gap, and Q2 guidance implying further margin expansion directly reinforce both the momentum and quality signals — this is fundamental-driven price action, not sentiment rotation.
Material risks
- 1Asian customer concentration means tightening U.S. export controls or geopolitical disruption to foundry/memory capex in the region could abruptly collapse order flow, the single most direct threat to the revenue visibility underpinning this thesis.
- 2Earnings are reported 5 days after the as-of date (2026-07-29), creating binary event risk — a Q2 miss or guidance cut against elevated expectations and a 52-week-high entry would sharply reverse the momentum signal.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.