On July 28, FormFactor fell 6.99% in regular trading, trading at $87.35 per share, with turnover of $22.96 million. The decline occurred as the broader semiconductor equipment sector faced sustained selling pressure, with the company set to release its Q2 earnings report on July 29 after market close.

Within the Semiconductor Equipment sector, major names declined broadly, with Amkor Technology down 23.80%, Lam Research down 8.39%, Applied Materials down 7.39%, KLA-Tencor down 6.50%, and ASML Holding down 5.04%. FormFactor had previously risen 8.37% overnight on bullish analyst sentiment ahead of earnings, but reversed sharply as sector-wide weakness intensified.

Market consensus expects FormFactor to report Q2 revenue of $240 million, representing year-over-year growth of 26.20%, with adjusted EPS of $0.61, up 102.77% year-over-year, and EBIT growth of 126.04%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)