FORM · PEAD ↑ 80

FormFactor reported Q2 2026 EPS of $0.74 on 2026-07-29, beating the $0.51 consensus by $0.23 (+45.1%).

Print-day reaction was −5.4% versus the prior close, an initial sell-the-news move despite the significant beat. The overnight gap to the T+1 open, however, reversed sharply, adding +22.2% — suggesting aftermarket participants re-evaluated the magnitude of the EPS upside. Over the following two trading sessions the price drifted an additional +3.2%, consolidating the gap-up rather than fading it. Cumulative abnormal return of +21.0% versus SPY.US over the three-day window firmly places this in PEAD long territory; the documented drift pattern holds through the window ending 2026-10-26.