1 Quantum Computing Stock Everyone's Ignoring While IonQ Gets the Headlines

Several semiconductor stocks rose after the August jobs report, which showed 162,000 nonfarm payroll jobs added, beating estimates. Despite initial expectations of a rate hike, traders rotated back into the chip sector. FormFactor (FORM) +5.3%, Entegris (ENTG) +5.6%, Penguin Solutions (PENG) +5.1%, Teradyne (TER) +4.8%, and Marvell Technology (MRVL) +6.2%. Marvell reported Q2 revenue of $2.74B, up 36.5% YoY, with strong Data Center demand. Management guided Q3 revenue at $3.15B, but revenue from

FormFactor (FORM) shares rose about 9.9% on Aug. 4, 2026. Quiver PriceTracker attributes the move to the company’s Q2 2026 results and Q3 outlook, citing $258.2M revenue, GAAP EPS $0.71, non-GAAP EPS $0.82, and Q3 guidance of about $270M revenue. It also notes insider sales and analyst price targets.

What Happened? Shares of semiconductor testing company FormFactor (NASDAQ: FORM) jumped 25.6% in the afternoon session after the company reported second-quarter results that beat Wall Street's expectations on both the top and bottom lines and provided an upbeat outlook. The company posted adjusted earnings of $0.82 per share on revenue of $258.2 million, a 31.9% increase year-over-year. The strong performance pushed the company's annualized revenue run rate past the $1 billion mark.

FormFactor shares rose about 26.6% by noon ET after the company reported Q2 results and issued forward guidance. FormFactor posted adjusted EPS of $0.82 on revenue of $258.2 million, beating analyst expectations. For the current quarter, it guided adjusted EPS around $0.86 on revenue near $270 million, citing AI chip demand.

US stock index futures rose in premarket after a prior selloff tied to Fed-related concerns. Microsoft shares jumped about 9% after cloud growth accelerated, while Meta fell about 8% after revenue guidance disappointed and free cash flow was weak. Bond selling slowed and 30-year yields hit a two-decade high near 5.22%. Several other earnings moves were reported, including MO, CVNA, CMG, and QCOM.

FormFactor (NASDAQ:FORM) reported Q2 2026 results highlighted on its earnings call, citing record revenue and EPS. Management said Q2 non-GAAP gross margin of 53.3% included non-recurring items, with a sustainable baseline around 51%. For Q3, DRAM revenue should be similar to Q2 but mix shifts from HBM to DDR. CPO 2026 revenue is expected to exceed $20M by end of Q3.