logo
Twitter
Discord
Email
logo
Photronics, Inc.

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
15 Secor Road, Brookfield, CT, 06804, United States
203-775-9000
www.photronics.com
Market Cap
$2.01B
P/E (TTM)
14.2
61.2
Dividend Yield
--
52W High
$39.80
52W Low
$16.46
52W Range
74%
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)

Lam Research CorporationLRCX
$19.59B
+25.7%
KLA CorporationKLAC
$12.52B
+22.2%
Entegris, Inc.ENTG
$3.22B
+0.6%

Gross Margin (Latest Quarter)

KLA CorporationKLAC
61.3%
+1.7pp
Nova Ltd.NVMI
56.7%
+0.1pp
Onto Innovation Inc.ONTO
50.7%
-3.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LRCX$218.27B37.860.6%20.5%
KLAC$163.41B38.798.2%36.1%
ENTG$13.14B45.67.6%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%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Aug 3, 2025|Filed: Sep 9, 2025|
    Revenue: $210.39M-0.3%
    |
    EPS: $0.38-32.1%
    Meet
  • Form 10-Q - Q2 2025

    Period End: May 4, 2025|Filed: Jun 11, 2025|
    Revenue: $210.99M-2.8%
    |
    EPS: $0.15-74.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Feb 2, 2025|Filed: Mar 13, 2025|
    Revenue: $212.14M-1.9%
    |
    EPS: $0.69+60.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Oct 31, 2024|Filed: Dec 19, 2024|
    Revenue: $866.95M-2.8%
    |
    EPS: $2.12+3.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Jul 28, 2024|Filed: Sep 5, 2024|
    Revenue: $210.98M-5.9%
    |
    EPS: $0.56+27.3%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Apr 28, 2024|Filed: Jun 7, 2024|
    Revenue: $217.00M-5.4%
    |
    EPS: $0.59-39.2%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Jan 28, 2024|Filed: Mar 7, 2024|
    Revenue: $216.33M+2.5%
    |
    EPS: $0.43+87.0%
    Miss