US Stocks Movement: FormFactor Plunges on October 29th as Q4 Revenue Slows Quarter-on-Quarter, Target Price Lowered, and Pullback Occurs

FormFactor October 29 Sharp Decline Analysis

Keywords: Q4 revenue quarterly slowdown, target price downgrade, pullback

1. After market close on October 28, the company announced FY2026 Q3 revenue of $280.5 million and adjusted EPS of $1.04, both exceeding the high end of guidance; Q4 revenue guidance midpoint is $285 million, only about 1.6% higher quarter-on-quarter, while adjusted EPS guidance midpoint of $0.95 is lower than Q3.

2. On October 29, Evercore lowered the target price from $150 to $140, and Needham maintained a hold rating.

3. After the post-market financial report on October 28, the share price dropped sharply and continued its pullback on October 29. The company had a significant cumulative gain this year, combined with a roughly 1% drop in Nasdaq 100 futures and overall weakness in tech stocks on October 29, resulting in both profit-taking and sector drag.

(Disclaimer: This content is collected and summarized from publicly available information by AI technology and is for reference only. It does not constitute investment advice.)