QM · rank #10 · 2026-09-08
FORM
NASDAQ · $7.53B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +310.74% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +11.0% |
| Profit margin Net profit margin, trailing 12 months. | +12.8% |
| Market cap (USD) Size filter: > $500M required. | $7.53B |
| Anchor (recent) Close on 2026-08-07 | $117.39 |
| Anchor (far) Close on 2025-08-08 | $28.58 |
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 semiconductor test equipment company specializing in probe cards and test systems used for wafer-level testing across advanced process nodes, with growing exposure to AI and high-performance computing demand.
Rationale
The quality-momentum signal is reinforced by three consecutive quarterly revenue records, 31.9% YoY growth, expanding non-GAAP gross margins of 53.3%, and a 3.1 momentum score reflecting genuine fundamental acceleration rather than pure sentiment rotation.
Material risks
- 1Non-recurring benefits (tariff refunds) partially inflated Q2 results, meaning the clean organic earnings power is somewhat overstated and the next quarter faces a tougher sequential comparison without those tailwinds.
- 2FormFactor discloses no formal long-term backlog or take-or-pay contracts, leaving revenue visibility dependent on semiconductor capex cycles that can reverse sharply if AI infrastructure spending decelerates.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.