Earnings summaries and quarterly performance for PHOTRONICS.
Executive leadership at PHOTRONICS.
George Macricostas
Detailed
Chief Executive Officer
CEO
Christopher Progler
Detailed
Executive Vice President, Chief Technology Officer and Strategic Planning
David Wang
Detailed
Senior Vice President, Chief Operating Officer IC and US/EU Mainstream Operations
Eric Rivera
Detailed
Executive Vice President, Chief Financial Officer
H.K. Park
Detailed
Senior Vice President, General Manager of FPD Operations
Board of directors at PHOTRONICS.
Research analysts who have asked questions during PHOTRONICS earnings calls.
Thomas Diffely
D.A. Davidson & Co.
3 questions for PLAB
Also covers: ACLS, AEHR, AMKR +3 more
Tom Diffely
D.A. Davidson Companies
3 questions for PLAB
Also covers: ACLS, AMKR, FORM +2 more
Christian Schwab
Craig-Hallum Capital Group
2 questions for PLAB
Also covers: ACLS, ADTN, AEHR +17 more
Gowshihan Sriharan
Singular Research
2 questions for PLAB
Also covers: APOG, CNDT, FTK +6 more
Galsi
Singular Research
1 question for PLAB
Gauchi Surhan
Single Research
1 question for PLAB
Recent press releases and 8-K filings for PLAB.
Photronics Reports Q4 2025 Financial Results and Provides Q1 2026 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported Q4 2025 sales of $216 million, exceeding expectations, and non-GAAP diluted EPS of $0.60 per share, surpassing guidance.
- The company achieved record high-end IC revenue of $157 million, representing 42% of total IC revenue, driven by strong demand in the U.S. and Asia.
- Strategic investments include capacity expansion at the Allen, Texas facility, with initial revenue expected later in 2026, and a Korea cleanroom expansion, with revenue contribution starting in 2028.
- Photronics anticipates fiscal Q1 2026 revenue to be between $217 million and $225 million, with non-GAAP diluted EPS projected to be between $0.51 and $0.59 per share.
- Fiscal 2026 capital expenditures are expected to total approximately $330 million, supporting organic growth and strategic initiatives.
Dec 10, 2025, 1:30 PM
Photronics (PLAB) announces Q4 2025 results and FQ1 2026 guidance
PLAB
Earnings
Guidance Update
Share Buyback
- Photronics reported Q4 2025 revenue of $215.8 million, with a gross margin of 35.0% and an operating margin of 24.1%. Diluted EPS was $1.07, while non-GAAP diluted EPS was $0.60.
- The company ended Q4 2025 with $588.2 million in cash, cash equivalents, and short-term investments and $0.02 million in debt. Operating cash flow for the quarter was $87.8 million, with capital expenditures of $67.5 million.
- For fiscal year 2025, Photronics repurchased $97 million in shares. The company targets $330 million in capital expenditures for fiscal 2026 to expand operations in the U.S. and South Korea and for end-of-life tool upgrades.
- Photronics provided FQ1 2026 revenue guidance of $217 million to $225 million and diluted non-GAAP EPS guidance of $0.51 to $0.59.
Dec 10, 2025, 1:30 PM
Photronics Reports Strong Q4 2025 Results and Outlines Significant 2026 Capital Investments
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported strong fiscal Q4 2025 financial results, with revenue of $216 million and non-GAAP diluted EPS of $0.60 per share, both exceeding expectations.
- The company achieved record high-end IC revenue, accounting for 42% of total IC revenue, driven by robust demand in the U.S. and Asia.
- Photronics plans significant capital investments for fiscal 2026, projecting approximately $330 million in CapEx, to fund strategic expansions in its Allen, Texas and Korea facilities, enhancing future revenue and high-end node exposure.
- For fiscal Q1 2026, the company anticipates revenue between $217 million and $225 million and non-GAAP diluted EPS between $0.51 and $0.59 per share.
Dec 10, 2025, 1:30 PM
Photronics Reports Full Year and Fourth Quarter Fiscal 2025 Results
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported full year fiscal 2025 revenue of $849.3 million, a 2.0% decrease year-over-year, with GAAP net income attributable to shareholders of $136.4 million, or $2.28 per diluted share.
- For the fourth quarter of fiscal 2025, revenue was $215.8 million, a 3.1% decrease year-over-year, and GAAP net income attributable to shareholders was $61.8 million, or $1.07 per diluted share.
- The company provided first quarter fiscal 2026 guidance, expecting revenue between $217 million and $225 million, and non-GAAP net income attributable to shareholders between $0.51 and $0.59 per diluted share.
- Chairman and CEO George Macricostas noted record high-end revenue in the fourth quarter of fiscal 2025 with particular strength in the United States, validating U.S. investment plans, and highlighted that a Korea capability extension is anticipated to diversify geographic revenue mix and increase exposure to leading-edge chip designs.
Dec 10, 2025, 12:00 PM
Photronics Details Geographic Diversification and Advanced Node Expansion
PLAB
New Projects/Investments
Revenue Acceleration/Inflection
- Photronics has demonstrated improved financial performance, with operating cash flow at approximately 25% to 26% of total revenue and gross margins increasing to the mid 30s due to enhanced pricing power post-COVID.
- The company's revenue is heavily concentrated in Asia, with 80% originating from the region and China specifically contributing about 25% of total revenue.
- Photronics is undertaking significant investments in its U.S. and Asian (Korea) facilities to expand capabilities to more advanced nodes, aiming for 8nm and eventually 6nm in Korea, with new revenue streams from the U.S. expected by the end of fiscal 2026 and from Korea by fiscal 2028. These strategic investments are intended to diversify the revenue mix and capitalize on outsourcing opportunities from captive manufacturers.
- The company projects its semiconductor IC business could double in size to $1.2 billion by 2030, driven by an anticipated growth of the overall photomask market to $10 billion.
Nov 19, 2025, 2:35 PM
Photronics Details Strategic Investments and Market Growth Opportunities
PLAB
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Photronics (PLAB) has demonstrated accelerated cash flow generation, with operating cash flow at approximately 25%-26% of total revenue over the trailing 12 months, and improved gross margins into the mid-30s since 2022.
- The company is undertaking significant capital investments in the U.S. and Asia to expand capabilities to more advanced nodes, with new revenue from U.S. facilities expected in late fiscal 2026 and from Korea in fiscal 2028. These efforts aim to diversify the geographic revenue mix and address investor concerns regarding 25% revenue exposure to China.
- Photronics, a merchant supplier, operates in a photomask market projected to grow from $6 billion today to $10 billion by 2030, with its semiconductor IC business potentially doubling in size to $1.2 billion in the next five years due to overall industry growth and increasing outsourcing by captive suppliers.
Nov 19, 2025, 2:35 PM
Photronics Details Strategic Investments and Market Growth Outlook
PLAB
New Projects/Investments
Revenue Acceleration/Inflection
- Photronics is making significant strategic investments in its U.S. and Korean facilities to expand capabilities and diversify its geographic revenue mix, with the U.S. facility expected to generate revenue by the end of fiscal 2026 and the Korean facility by fiscal 2028.
- The company anticipates substantial growth in the photomask market, projecting the semiconductor industry to reach $1 trillion by 2030, which could lead to a $10 billion photomask market and potentially double Photronics' semiconductor IC business to $1.2 billion by 2030.
- Photronics has demonstrated strong financial performance with operating cash flow at approximately 25% to 26% of total revenue over the trailing 12 months and gross margins improving to the mid-30s. The capital intensity ratio is estimated at 24% for 2025 due to ongoing investments.
- While 80% of Photronics' revenue originates from Asia, with China contributing about a quarter of total revenue (split approximately 50/50 between IC and FPD), the strategic investments aim to mitigate investor concerns regarding China exposure and diversify the revenue mix.
Nov 19, 2025, 2:35 PM
Quarterly earnings call transcripts for PHOTRONICS.
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