Photronics (NASDAQ:PLAB) Announces Quarterly Earnings Results

by · The Cerbat Gem

Photronics (NASDAQ:PLAB – Get Free Report) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.11), FiscalAI reports. The firm had revenue of $209.94 million for the quarter, compared to the consensus estimate of $216.47 million. Photronics had a net margin of 18.47% and a return on equity of 7.69%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Photronics updated its Q3 2026 guidance to 0.390-0.450 EPS.

Here are the key takeaways from Photronics’ conference call:

  • Q2 revenue was essentially flat at $210 million, as IC revenue fell 5% year over year to $148 million and the usual post-Chinese New Year recovery was weaker than expected.
  • Management said design release timing is being delayed by elevated fab utilization, memory supply constraints, geopolitical uncertainty, and customers prioritizing existing products, leaving near-term visibility limited.
  • FPD was a standout, with revenue up 13% year over year to $62 million, supported by strength in China and Korea and demand for more complex AMOLED masks.
  • Photronics reiterated that its U.S. and Korea expansion projects remain on track, with Allen expected to begin meaningful revenue contribution later in fiscal 2026 and Korea ramping by the end of fiscal 2027.
  • The company maintained fiscal Q3 guidance for revenue of $207 million-$215 million and non-GAAP EPS of $0.39-$0.45, while keeping full-year CapEx guidance at $330 million to fund strategic investments and upgrades.

Photronics Stock Down 4.9%

Shares of Photronics stock opened at $32.35 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 11.81 and a beta of 1.51. The company’s 50 day moving average is $46.21 and its 200 day moving average is $37.16. Photronics has a twelve month low of $16.59 and a twelve month high of $56.00.

Insider Activity at Photronics

In related news, Director Kang Jyh Lee sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $45.92, for a total transaction of $918,400.00. Following the transaction, the director owned 355,850 shares in the company, valued at $16,340,632. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Hsueh-Chun Wang sold 19,250 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $45.30, for a total transaction of $872,025.00. Following the transaction, the chief operating officer owned 113,560 shares in the company, valued at approximately $5,144,268. This trade represents a 14.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 346,144 shares of company stock valued at $15,061,759 over the last quarter. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PLAB. Larson Financial Group LLC bought a new position in Photronics in the third quarter worth approximately $28,000. Quarry LP raised its position in Photronics by 569.8% in the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,151 shares during the period. Global Retirement Partners LLC raised its position in Photronics by 723.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,245 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Photronics by 243.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,499 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 1,063 shares during the period. Finally, Wexford Capital LP bought a new position in Photronics in the third quarter worth approximately $62,000. 88.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLAB has been the topic of several research reports. Weiss Ratings raised Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Lake Street Capital reaffirmed a “buy” rating and set a $55.00 price objective on shares of Photronics in a research report on Friday, May 1st. Craig Hallum restated a “buy” rating on shares of Photronics in a report on Friday. Wall Street Zen cut shares of Photronics from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research cut shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Photronics has a consensus rating of “Moderate Buy” and an average target price of $49.33.

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Photronics Company Profile

(Get Free Report)

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.

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