QM · rank #11 · 2026-10-21
FORM
NASDAQ · $8.40B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +238.66% |
|---|---|
| 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. | $8.40B |
| Anchor (recent) Close on 2026-09-21 | $119.31 |
| Anchor (far) Close on 2025-09-19 | $35.23 |
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 designs and sells probe cards, probe stations, and interface/characterization systems that serve as a precision testing bottleneck for DRAM/HBM, advanced packaging, and co-packaged optics at leading semiconductor manufacturers.
Rationale
Record Q2 revenue of $258.2M (+31.9% YoY) driven by HBM probe card demand, Q3 guidance of ~$270M, a 10.99% ROE, and the Teradyne strategic collaboration collectively reinforce both the momentum signal and the underlying quality of earnings that the quality_momentum screen is designed to capture.
Material risks
- 1The Teradyne collaboration—while strategically validating—remains subject to closing conditions and regulatory approvals, and Q3 earnings land October 28 (7 days out), creating binary event risk that could reverse the momentum signal if results or guidance disappoint.
- 2HBM/DRAM cyclicality and customer concentration mean a demand air pocket or a large customer internalizing probe/interface capability could rapidly compress both revenue and the quality metrics underpinning the screen.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.