FORM · PEAD ↓ 80

FormFactor reported Q3 2026 EPS of $0.96 on 2026-10-28, beating the $0.78 consensus by $0.18 (+23.1%).

Print-day reaction was +3.2% versus the prior close, as the market initially rewarded the sizeable EPS beat. The overnight gap, however, reversed sharply at −7.7%, signalling meaningful after-hours selling pressure that fully negated the print-day gain. Over the following two trading days (T+1 through T+3) the stock continued to slide an additional −10.4%, a sustained deterioration with no stabilisation. Cumulative abnormal return of −16.0% versus SPY.US puts this firmly in PEAD short territory; the drift confirms and amplifies the overnight reversal, with the holding window running through 2027-01-25.