On June 1, FormFactor fell 5.74% in regular trading, trading at $114.965/share, with trading volume of $72.78 million, extending its recent pullback trajectory.

The decline is attributed to sustained profit-taking following the company's strong Q1 earnings release. FormFactor reported record quarterly revenue of $226.1 million, representing 32% year-over-year growth, with non-GAAP gross margin surging to 49.0% — a 5.1 percentage point sequential improvement — and non-GAAP EPS of $0.56, significantly beating the $0.44 consensus estimate. The company also raised Q2 guidance and noted CPO-related revenue trending toward the high end of expectations. While earnings triggered a sharp rally post-release, profit-taking has since intensified.

Additionally, the Semiconductor Equipment sector faced broad pressure, with Lam Research down 1.7%, KLA-Tencor down 1.39%, AXT down 1.43%, and ASML down 0.7%, amplifying FormFactor's decline through sector-wide weakness.

(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.)