
Photronics, Inc.
NASDAQ•PLAB
CEO: Dr. KangJyh Lee Ph.D.
Sector: Technology
Industry: Semiconductors
Listing Date: 1987-03-10
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates. The company offers electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.
Contact Information
Market Cap
$2.01B
P/E (TTM)
14.2
61.2
Dividend Yield
--
52W High
$39.80
52W Low
$16.46
52W Range
Rank35Top 21.9%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q4 2025 Data
Revenue
$215.77M-3.08%
4-Quarter Trend
EPS
$1.07+94.55%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Shareholder Net Income Rises Net income attributable to shareholders reached $136.4M USD, showing a $5.7M USD increase over prior year results.
Operating Cash Flow Strong Cash provided by operating activities totaled $247.8M USD, decreasing $13.6M USD due to working capital changes.
High-End IC Revenue Gains High-end IC revenue grew to $238.9M USD, marking a 4.6% increase driven by strong global order patterns.
Risk Factors
Industry Demand Volatility Total revenue declined 2.0% to $849.3M USD, reflecting volatile microelectronics demand and geopolitical impacts on mainstream sales.
Key Customer Concentration Risk Dependence on large customers remains; Customer A represented 16% of FY2025 revenue, posing material adverse effect risk if lost.
Gross Margin Compression Noted Gross margin decreased to 35.3% from 36.4% due to unfavorable product mix and increased material costs impacting profitability.
Substantial Capital Expenditure Operations require substantial capital expenditures; FY2026 spending is projected at approximately $330M USD for advanced tool upgrades.
Outlook
Advanced Technology Investment Focus remains on advancing technology for 7nm IC nodes and G8.6 FPDs, supported by $15.8M USD R&D spending in FY2025.
Global Market Service Maintain local presence to serve non-U.S. markets, which accounted for 82% of total revenue in FY2025, minimizing delivery times.
Earnings Reinvestment Strategy Anticipate retaining all earnings for business use; no cash dividends are planned for the foreseeable future to fund growth initiatives.
Peer Comparison
Revenue (TTM)
LRCX$19.59B
KLAC$12.52B
ENTG$3.22B
Gross Margin (Latest Quarter)
KLAC61.3%
56.7%
50.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| LRCX | $218.27B | 37.8 | 60.6% | 20.5% |
| KLAC | $163.41B | 38.7 | 98.2% | 36.1% |
| ENTG | $13.14B | 45.6 | 7.6% | 0.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.6%
Moderate Growth
4Q Net Income CAGR
13.0%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 24, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 10-K - FY 2025
Period End: Oct 31, 2025|Filed: Dec 17, 2025|Revenue: $849.29M-2.0%|EPS: $2.29+8.0%BeatForm 10-Q - Q3 2025
Period End: Aug 3, 2025|Filed: Sep 9, 2025|Revenue: $210.39M-0.3%|EPS: $0.38-32.1%MeetForm 10-Q - Q2 2025
Period End: May 4, 2025|Filed: Jun 11, 2025|Revenue: $210.99M-2.8%|EPS: $0.15-74.6%MissForm 10-Q - Q1 2025
Period End: Feb 2, 2025|Filed: Mar 13, 2025|Revenue: $212.14M-1.9%|EPS: $0.69+60.5%BeatForm 10-K - FY 2024
Period End: Oct 31, 2024|Filed: Dec 19, 2024|Revenue: $866.95M-2.8%|EPS: $2.12+3.4%BeatForm 10-Q - Q3 2024
Period End: Jul 28, 2024|Filed: Sep 5, 2024|Revenue: $210.98M-5.9%|EPS: $0.56+27.3%MissForm 10-Q - Q2 2024
Period End: Apr 28, 2024|Filed: Jun 7, 2024|Revenue: $217.00M-5.4%|EPS: $0.59-39.2%MeetForm 10-Q - Q1 2024
Period End: Jan 28, 2024|Filed: Mar 7, 2024|Revenue: $216.33M+2.5%|EPS: $0.43+87.0%Miss