FormFactor dips after gross margin outlook misses estimates

** Shares of semiconductor test and measurement equipment maker FormFactor FORM.O decline 3.5% to $106.41 premarket

** Q4 adj gross margin forecast of 52.5%-53%, excluding tariff refunds, comes in below analysts' expectations of 53.2%

** In a post-earnings call, CEO said its existing factories are nearing capacity limits and expects 2027 gross margins to remain around the 53% baseline as it ramps up its new facility

** TD Cowen analysts say start-up costs involved in ramping up production in the recently opened manufacturing facility in Farmers Branch, Texas could increase next year

** In Q3, co reports record qtrly rev of $280.5 mln, an increase of 38.4% from the previous year's quarter, beating analysts' estimate of $270.5 mln - data compiled by LSEG

** FORM reports quarterly profit of $1.04 per share vs analysts' estimate of 86 cents per share

** As of last close, stock up nearly 98%