US Stocks Movement: FormFactor Plunges on October 29th as Q4 Revenue Slows Quarter-on-Quarter, Target Price Lowered, and Pullback Occurs
Bitget异动解读2026/10/29 13:51FormFactor 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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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