FormFactor (FORM) is trading higher today as investors continue to re-rate the stock following its recent quarterly results and guidance update, with momentum building into the company’s upcoming Investor Day. The company is scheduled to host an Investor Day at the Nasdaq MarketSite on May 11, 2026, a near-term catalyst where management is expected to present strategy and updated longer-term targets.

FormFactor’s latest quarterly update set the tone for the move: the company reported record first-quarter fiscal 2026 revenue of $226.1 million and non-GAAP EPS of $0.56, alongside guidance calling for roughly $240 million of revenue and about $0.61 non-GAAP EPS for Q2. That outlook has been interpreted as an acceleration versus prior expectations, keeping buyers active on dips and supporting renewed upside as the market looks for confirmation that AI-related test intensity remains elevated.

The May 11 Investor Day has become the next focal point for the stock, with management expected to lay out its “next target model” and medium-term operating framework. With FORM already priced for strong growth, investors are likely watching for updates on AI/HBM-related demand, networking ramps, and how much of the recent margin strength can be sustained as volumes scale and the product mix evolves.