FormFactor (FORM) shares plummeted 5.18% during intraday trading on Wednesday, reflecting intense selling pressure across the semiconductor equipment sector.
The decline mirrored broad weakness in the industry, with major peers such as KLA-Tencor, Applied Materials, Lam Research, and ASML all posting significant losses. The company is scheduled to report its second-quarter earnings after the market close, adding to investor caution despite expectations of strong year-over-year growth in revenue and adjusted earnings per share.
FormFactor had previously rallied on optimistic earnings expectations but has since surrendered those gains amid persistent sector headwinds, with cumulative losses accelerating over recent sessions.