2024-05-14 08:50:28 ET
Summary
- FORM missed Q1 earnings estimates, but Q2 guidance more than made up for it by calling for a long-awaited acceleration in growth.
- The stock has moved higher in anticipation of benefiting from AI, but FORM has not benefited as one might have thought.
- Most end markets are in a slump and growth is driven by a few, which could become problematic if it stays this way.
- The case for long FORM got a solid boost with the latest report, but FORM might not be as well off as it appears to be.
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FormFactor: Perhaps In Not As Good A Shape As It First Appears