B+
Bull case
25%
Probability
Target price
$116.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
FORM
FormFactorCNasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
Current thesis
Second-quarter revenue rose 31.9% year over year to $258.2 million, with 53.3% non-GAAP gross margin and $52.6 million of free cash flow. Sustaining the third-quarter outlook and turning the Teradyne collaboration into customer programs would support further upside [#SEC-8K-2026-07-29] [#PR-2026-10-12].
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-28 · AMC.
What can break
HBM, foundry-and-logic, or systems demand could weaken after the strong second quarter [#SEC-8K-2026-07-29].
Momentum
78
Value
52
Sentiment
54
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $100.00 · Bull $116.00 · Bear $75.00Analysis 2026-10-23; returns require an exact persisted reference.
Earnings
2026-10-28 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-26
Investment thesis
As of 2026-10-26
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $152.22
Why
Momentum78 · Δ7d -7.6
Value52 · Δ7d +0.4
Sentiment54 · Δ7d -22.9
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Next scheduled catalyst: earnings 2026-10-28 · AMC.
- • Value remains the lead driver in the composite, 7D delta +0.4.
Contradictions & invalidation
- • HBM, foundry-and-logic, or systems demand could weaken after the strong second quarter [#SEC-8K-2026-07-29].
- • The Teradyne share purchase remains subject to closing conditions and regulatory approvals; the collaboration has no disclosed revenue commitment [#8-K-2026-10-13] [#PR-2026-10-12].
- • The third-quarter outlook embeds another record quarter.
Catalyst clock
2026-10-28 · AMC
October 28 third-quarter results
Lead driver: Value · See fundamentals
Momentum
78
8% active weight
Current posture
7d trendSoftening
Δ7d
-7.6
Δ21d
-12.4
Value
52
47% active weight
Current posture
7d trendFlat
Δ7d
+0.4
Δ21d
+1.2
Sentiment
54
45% active weight
Current posture
7d trendSoftening
Δ7d
-22.9
Δ21d
+11.2
Why this grade
Composite grade C. Momentum 78.2 / Value 52.2 / Sentiment 54.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method
Most likely
B
Base case
55%
Probability
Target price
$100.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
20%
Probability
Target price
$75.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-26
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$7.9B
Beta
1.11
Shares Out
78.12M
P/E (TTM)
119.5
P/S (TTM)
6.40
P/FCF (TTM)
912.08
Rev YoY
+31.9%
EPS YoY
+502.5%
Gross Margin
+44.0%
Op Margin
+15.1%
Net Debt
-$243.88M
Current Ratio
4.08
As of 2026-10-26 • Updated nightlySource: Internal modelMethods & Data