Inferra AI / Company / PLAB
Photronics Inc.
PLAB · Information Technology
Last earnings Aug 26, 2026
Key results
Revenuequarter
$209.9 million
Second Quarter Fiscal 2026 Results Revenue was $209.9 million, down 0.5% year-over-year and down 6.7% sequentially.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
Growthquarter
down 0.5%
Second Quarter Fiscal 2026 Results Revenue was $209.9 million, down 0.5% year-over-year and down 6.7% sequentially.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
IC revenuequarter
$147.5 million
IC revenue was $147.5 million, a decrease of 5% year-over-year and a decrease of 11% sequentially.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
FPD revenuequarter
$62.4 million
FPD revenue was $62.4 million, an increase of 13% year-over-year and an increase of 4% sequentially.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
Display grew 13% y/y as customers prepare for upcoming consumer electronics launches Promising long-term demand driven by regionalization & reshoring, node migration, and overall semiconductor / display industry growth Revenue by Geographic Origin: Taiwan (32%), China IC (17%), China FPD (12%), U.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Gross marginquarter
31.3%
Gross margin of 31.3% reflects operational leverage inherent in our financial model, and also product mix
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Non-GAAP EPSquarter
$0.42
Non-GAAP Diluted EPS of $0.42 reflects temporary design release delays Revenue by Product Line $M 2Q26 Q/Q Y/Y High-End* 56.7 (21%) (4%) Mainstream 90.9 (3%) (6%) Total 147.5 (11%) (5%) Temporarily delayed design releases resulting from high industry fab utilization rates, memory tightness
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Operating marginquarter
18%
, initial expansion in South Korea, and peak end-of-life tool replacement Revenue ($M) 207 215 Operating Margin 18% - 20% Diluted non-GAAP EPS $0.39 - $0.45 Diluted Shares (M) ~59 Full-year Capex ($M) ~330 17 Appendix Non-GAAP Financial Measures Non-GAAP Net Income attributable to Photronics, Inc.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Diluted EPSquarter
$0.39
, initial expansion in South Korea, and peak end-of-life tool replacement Revenue ($M) 207 215 Operating Margin 18% - 20% Diluted non-GAAP EPS $0.39 - $0.45 Diluted Shares (M) ~59 Full-year Capex ($M) ~330 17 Appendix Non-GAAP Financial Measures Non-GAAP Net Income attributable to Photronics, Inc.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
AI analysis
Q2 2026 · reported May 28, 2026
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · May 28, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $209.9 million | — | — |
| Growth | down 0.5% | — | — |
| IC revenue | $147.5 million | — | — |
| FPD revenue | $62.4 million | — | — |
| Gross margin | 31.3% | — | — |
| Non-GAAP EPS | $0.42 | — | — |
| Operating margin | 18% | — | — |
| Diluted EPS | $0.39 | — | — |
Guidance · company-stated
“to be between 18% and 20%”
“attributable to Photronics, Inc. shareholders to be between $0.39 and $0.45”
Guidance stated in the release's Business Outlook table for the third quarter of fiscal 2026; no direction stated — figures as stated in the table.
Margin
Capital allocation
Cash generated from operating activities was $47.0 million, and cash invested in organic growth through capital expenditures was $45.8 million.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue -1.4% computed from stated figures
Event summary
Photronics Reports Second Quarter 2026 Results
Based on: Earnings release + Q2 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue to be between $207 million and $215 million”
Operating margin: “Operating margin to be between 18% and 20%”
Non-GAAP diluted EPS: “Non-GAAP diluted EPS attributable to Photronics, Inc. shareholders to be between $0.39 and $0.45”
Revenue (“the third quarter of fiscal 2026”)
“Revenue to be between $207 million and $215 million”
Operating margin (“the third quarter of fiscal 2026”)
“Operating margin to be between 18% and 20%”
Non-GAAP diluted EPS (“the third quarter of fiscal 2026”)
“Non-GAAP diluted EPS attributable to Photronics, Inc. shareholders to be between $0.39 and $0.45”
Guidance stated in the release's Business Outlook table for the third quarter of fiscal 2026; no direction stated — figures as stated in the table.
Capital allocation
Cash generated from operating activities was $47.0 million, and cash invested in organic growth through capital expenditures was $45.8 million.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
The bar reflecting 2026 capex is not comparable to Capital Intensity Ratios for prior periods.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
, initial expansion in South Korea, and peak end-of-life tool replacement Revenue ($M) 207 215 Operating Margin 18% - 20% Diluted non-GAAP EPS $0.39 - $0.45 Diluted Shares (M) ~59 Full-year Capex ($M) ~330 17 Appendix Non-GAAP Financial Measures Non-GAAP Net Income attributable to Photronics, Inc.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
The repurchase authorization by the Board of Directors has no expiration date, does not obligate the Company to acquire any common stock, and is subject to market conditions.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
From September 2020 through October 2022, the Company repurchased 5.8 million shares at a cost of $ 68.3 million.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
In August 2024, the Board of Directors authorized an increase to the Company s existing share repurchase program from the remaining $ 31.7 million up to $ 100 million.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
Strategy & priorities
The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
Forward-Looking Statements Certain statements in this press release constitute forward-looking statements regarding our industry, our strategic position, and our financial and operating results.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
, initial expansion in South Korea, and peak end-of-life tool replacement Revenue ($M) 207 215 Operating Margin 18% - 20% Diluted non-GAAP EPS $0.39 - $0.45 Diluted Shares (M) ~59 Full-year Capex ($M) ~330 17 Appendix Non-GAAP Financial Measures Non-GAAP Net Income attributable to Photronics, Inc.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Forward-looking statements are statements other than statements of historical fact, including, without limitation, those statements that include such words as anticipates , believes , estimates , expects , intends , may , plans , predicts , and similar expressions, and, without limitation, may address our future plans, objectives, goals, strategies, events, or performance, as well as underlying assumptions and other statements that are other than statements of historical facts.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
Risks & headwinds
Commenting on the second quarter performance, Chairman and CEO George Macricostas said, Photomask market dynamics reflect a mix of supportive long-term drivers and several temporary headwinds.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
In the near term, certain design releases have been delayed due to elevated fab utilization rates, which are extending new product launch timelines, memory supply constraints and related cost pressures for OEMs, and geopolitical uncertainty.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially.
SEC original ↗Photronics Inc. — Earnings release (8-K exhibit)EX-99May 28, 2026
These statements are predictions and contain risks and uncertainties.
SEC original ↗Photronics Inc. — Presentation / slide deck (8-K exhibit)EX-99May 28, 2026
Legal Proceedings 35 Item 1A.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed.
SEC original ↗Photronics Inc. — 10-Q Quarterly report10-QSep 10, 2026
Earnings deck slides
1 deck with slide viewPhotronics Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Photronics Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Photronics Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Photronics Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Photronics Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
34 documents- Q2 2026
- 10-QPLAB
Sep 10, 2026
- 8-KPLAB
Aug 26, 2026
- Q1 2026
- 10-QPLAB
Jun 11, 2026
- 8-KPLAB
May 28, 2026
- 8-KPLAB
Apr 9, 2026
- Q4 2025
- 10-QPLAB
Mar 11, 2026
- 8-KPLAB
Feb 25, 2026
- 8-KPLAB
Jan 13, 2026
- 8-KPLAB
Jan 7, 2026
- 8-KPLAB
Jan 2, 2026
- EX-99PLAB
Jan 2, 2026
- Q3 2025
- 10-KPLAB
Dec 17, 2025
- 8-KPLAB
Dec 10, 2025
- Q2 2025
- 10-QPLAB
Sep 9, 2025
- 8-KPLAB
Aug 27, 2025
- 8-KPLAB
Jul 2, 2025
- Q1 2025
- 10-QPLAB
Jun 11, 2025
- 8-KPLAB
May 28, 2025
- 8-KPLAB
May 2, 2025
- 8-KPLAB
Apr 17, 2025
- 8-KPLAB
Apr 3, 2025
- Q4 2024
- 10-QPLAB
Mar 13, 2025
- 8-KPLAB
Feb 26, 2025
- 8-KPLAB
Jan 24, 2025
- 8-KPLAB
Jan 10, 2025
- EX-99PLAB
Jan 10, 2025
- Q3 2024
- 10-KPLAB
Dec 19, 2024
- 8-KPLAB
Dec 18, 2024
- EX-99PLAB
Dec 18, 2024
- 8-KPLAB
Dec 11, 2024
- 8-KPLAB
Nov 21, 2024
- EX-99PLAB
Nov 21, 2024
- 8-KPLAB
Oct 4, 2024
- Q2 2024
- 10-QPLAB
Sep 5, 2024
Earnings releases
12 documentsPresentations
6 documents
Transcripts
0 documentsNo transcripts for Photronics Inc. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.