Earnings summaries and quarterly performance for PHOTRONICS.
Executive leadership at PHOTRONICS.
GM
George Macricostas
Detailed
Chief Executive Officer
CEO
CP
Christopher Progler
Detailed
Executive Vice President, Chief Technology Officer and Strategic Planning
DW
David Wang
Detailed
Senior Vice President, Chief Operating Officer IC and US/EU Mainstream Operations
ER
Eric Rivera
Detailed
Executive Vice President, Chief Financial Officer
HP
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.
TD
Thomas Diffely
D.A. Davidson & Co.
3 questions for PLAB
Also covers: ACLS, AEHR, AMKR +3 more
TD
Tom Diffely
D.A. Davidson Companies
3 questions for PLAB
Also covers: ACLS, AMKR, FORM +2 more
CS
Christian Schwab
Craig-Hallum Capital Group
2 questions for PLAB
Also covers: ACLS, ADTN, AEHR +18 more
GS
Gowshihan Sriharan
Singular Research
2 questions for PLAB
Also covers: APOG, CNDT, FTK +6 more
G
Galsi
Singular Research
1 question for PLAB
GS
Gauchi Surhan
Single Research
1 question for PLAB
Recent press releases and 8-K filings for PLAB.
Photronics Reports Strong Q1 2026 Results and Provides Q2 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported Q1 fiscal 2026 revenue of $225 million, exceeding expectations, with GAAP diluted EPS of $0.74 and non-GAAP diluted EPS of $0.61.
- High-end IC revenue reached a record $71 million, increasing 19% year-over-year, driven by robust demand in Asia for AI-driven chip packaging and High-NA EUV development projects.
- For fiscal Q2 2026, the company expects revenue between $212 million and $220 million and non-GAAP diluted EPS between $0.49 and $0.55 per share, reflecting the seasonal impact of Chinese New Year.
- Photronics reiterated its fiscal 2026 CapEx guidance of $330 million for investments in the U.S. and Korea, with expansion projects expected to enter volume production in 2027 to support increased demand and high-end node migration.
12 hours ago
Photronics Reports Strong Q1 2026 Results and Provides Q2 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported strong fiscal Q1 2026 results, with revenue of $225 million (up 4% sequentially) and non-GAAP diluted EPS of $0.61 per share, exceeding expectations due to robust high-end demand in Asia.
- The IC business saw revenue increase 7% year-over-year to $165 million, with high-end IC revenue reaching a record $71 million, up 19%. The FPD business also grew, with revenue of $60 million, up 3% year-over-year.
- For fiscal Q2 2026, the company provided guidance of revenue between $212 million and $220 million and non-GAAP diluted EPS between $0.49 and $0.55 per share, anticipating a seasonal impact from Chinese New Year.
- Photronics reiterated its fiscal 2026 CapEx guidance of $330 million for expansion projects in the U.S. and Korea, aiming for volume production in 2027 to capitalize on increased outsourcing, high-end node migrations, and regionalization.
12 hours ago
Photronics Reports Strong Q1 2026 Results and Provides Q2 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported strong fiscal Q1 2026 results, with revenue exceeding expectations at $225 million and non-GAAP diluted EPS of $0.61.
- The company's high-end IC business achieved a second consecutive quarterly record with $71 million in revenue, growing 19% year-over-year, driven by robust demand in Asia.
- For fiscal Q2 2026, Photronics expects revenue between $212 million and $220 million and non-GAAP diluted EPS between $0.49 and $0.55, reflecting the seasonal impact of Chinese New Year.
- Photronics is reiterating its fiscal 2026 CapEx guidance of $330 million to support expansion projects in the U.S. and Korea, which are expected to enter volume production in 2027.
12 hours ago
Photronics Announces Q1 2026 Results and Q2 2026 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported Q1 2026 revenue of $225.1 million and Non-GAAP diluted EPS of $0.61. This performance was driven by strong year-over-year revenue growth for more advanced geometries, leading to a record for high-end IC revenue.
- For FQ2 2026, the company anticipates revenue between $212 million and $220 million and diluted non-GAAP EPS between $0.49 and $0.55.
- The company plans fiscal 2026 capital expenditures of approximately $330 million for expansion in the U.S. and South Korea, and tool upgrades. Additionally, $28 million is currently authorized for share repurchases, following $97 million in repurchases during Fiscal 2025.
3 days ago
Photronics Reports Strong Q1 Fiscal 2026 Results and Provides Q2 2026 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics, Inc. reported Q1 Fiscal 2026 revenue of $225.1 million, a 6.1% year-over-year increase, with GAAP diluted earnings per share of $0.74 and non-GAAP diluted earnings per share of $0.61.
- The company achieved record high-end IC revenue for the second consecutive quarter, contributing to IC revenue of $165.3 million (up 7% year-over-year) and FPD revenue of $59.8 million (up 3% year-over-year).
- As of February 1, 2026, Photronics held $636.9 million in cash, cash equivalents, and short-term investments, generated $97.3 million in operating cash flow, and invested $47.6 million in capital expenditures during the quarter.
- For Q2 Fiscal 2026, Photronics anticipates revenue between $212 million and $220 million and non-GAAP diluted earnings per share between $0.49 and $0.55.
- The company is progressing with facility expansion plans in the U.S. and South Korea, supporting industry regionalization and node migration, with a full-year fiscal 2026 capital expenditure target of approximately $330 million.
3 days ago
Photronics Reports First Quarter Fiscal 2026 Results and Provides Second Quarter Guidance
PLAB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Photronics reported revenue of $225.1 million for the first quarter of fiscal year 2026, representing a 6.1% increase year-over-year, with GAAP net income attributable to shareholders of $42.9 million, or $0.74 per diluted share.
- IC revenue reached $165.3 million, an increase of 7% year-over-year, and FPD revenue was $59.8 million, up 3% year-over-year. The company concluded the quarter with $636.9 million in cash, cash equivalents, and short-term investments.
- For the second quarter of fiscal 2026, Photronics expects revenue to be between $212 million and $220 million, and non-GAAP diluted earnings per share between $0.49 and $0.55.
3 days ago
Photronics Reports FQ1 2026 Results and Provides FQ2 2026 Guidance
PLAB
Earnings
Guidance Update
New Projects/Investments
- Photronics reported FQ1 2026 revenue of $225.1 million and Non-GAAP diluted EPS of $0.61, reflecting strong year-over-year growth for advanced geometries and record high-end IC revenue.
- For FQ2 2026, the company expects revenue between $212 million and $220 million and Diluted non-GAAP EPS between $0.49 and $0.55.
- The company targets $330 million in capital expenditures for fiscal 2026 to expand U.S. and South Korea operations and for end-of-life tool upgrades, reinforcing its position as a global merchant market leader of photomasks.
3 days ago
Photronics Discusses Fiscal 2025 Performance and Strategic Investments
PLAB
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Photronics, which has an October fiscal year-end, reported flattish revenue for fiscal year 2025 but generates strong operating profitability and cash flow. Its market capitalization was updated to $2.1-$2.2 billion following its fiscal Q4 earnings call on December 10th.
- The company is undergoing significant capital expenditure, spending $188 million in fiscal 2025 and guiding for $330 million in fiscal 2026, which is expected to be a peak investment year. These investments are directed towards expanding its Dallas, Texas facility to 65nm (with plans for 40nm) and its South Korea facility to 8nm, aiming to target higher-end opportunities and diversify geographic revenue.
- Photronics has maintained a consistent mid-30s% gross margin profile over the last four years and is observing strengthening demand in the high-end market, particularly in Asia and the United States, while mainstream demand has been more sluggish.
- The company holds $588 million in cash, with $422 million residing at its joint ventures. After buying back $97 million worth of stock in fiscal 2025, Photronics is now prioritizing capital expenditures over additional share repurchases.
Jan 14, 2026, 8:45 PM
Photronics Details Expansion Plans and Capital Spending for Fiscal 2026
PLAB
New Projects/Investments
Guidance Update
Share Buyback
- Photronics (PLAB) is guiding to $330 million in capital expenditures for fiscal 2026, which is expected to be the peak year for investments in the U.S. and Korea, as well as end-of-life tool replacement.
- The company is strategically expanding its Dallas, Texas facility to produce masks down to 65 nanometers (with plans for 40 nanometers) and investing in its South Korea facility to target 8-nanometer production, aiming to diversify its geographic revenue mix and capture higher-end market opportunities.
- Photronics reported a current market capitalization of approximately $2.1 billion-$2.2 billion as of January 14, 2026, following a strong stock reaction to its fiscal Q4 earnings call on December 10, 2025.
- The company holds $588 million in cash, with $422 million residing in joint ventures, and has shifted its capital allocation priority from share repurchases (having bought back $97 million in fiscal 2025) to CapEx.
- Photronics is observing an improvement in high-end demand, particularly in the Asia market (Taiwan and China) and the United States, and is focusing its China business more on higher-end opportunities due to competitive dynamics in the mainstream market.
Jan 14, 2026, 8:45 PM
Photronics Details Strategic Investments and Market Outlook
PLAB
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Photronics (PLAB) reported flattish revenue for fiscal year 2025 but generated strong operating profitability and cash flow, with its market capitalization currently around $2.1-$2.2 billion.
- The company is undertaking significant capital investments, including an expansion of its Dallas, Texas facility to 65 nanometers (with plans for 40 nanometers) and a South Korea facility to 8 nanometers, with revenue from the Dallas expansion expected in late fiscal 2026.
- These strategic investments are designed to diversify geographic mix and target higher-end photomask opportunities, where the value of mask sets increases significantly with more advanced geometries.
- CapEx is guided to be $188 million for fiscal 2025 and a peak of $330 million for fiscal 2026, with the company holding $588 million in cash on its balance sheet, of which $422 million resides at its joint ventures.
- Demand for high-end photomasks is strengthening, particularly in Asia (Taiwan and China) and the United States, and Photronics has consistently maintained mid-30s% gross margins.
Jan 14, 2026, 8:45 PM
Quarterly earnings call transcripts for PHOTRONICS.
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