On August 18, FormFactor fell 7.45% in regular trading, trading at $126.03/share, with turnover of $28.25 million.

The semiconductor equipment sector came under broad selling pressure, with Applied Materials down 5.45%, Lam Research down 5.92%, ASML down 4.39%, AXT Inc down 5.81%, and KLA Corporation down 3.50%. The sector-wide weakness amplified the decline in FormFactor shares.

On the news front, the prior trading session saw the sector rally after Bernstein raised its global wafer fab equipment spending forecast, with FormFactor gaining over 5%. The current session reversal reflects profit-taking following that bounce. The company previously reported Q2 revenue of $258.2 million and adjusted EPS of $0.82, both significantly beating consensus estimates of $240 million and $0.61 respectively, representing a 203.7% year-over-year EPS increase. The substantial cumulative gains since earnings created selling pressure as investors locked in profits amid deteriorating sector sentiment.

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