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)

14.4

Dividend Yield

52W High

$45.40

52W Low

$16.46

52W Range

61%

Rank31Top 21.6%

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: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$225.07M+0.00%

4-Quarter Trend

EPS

$0.74+0.00%

4-Quarter Trend

FCF

$49.62M+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

$20.56B

+26.8%

KLAC

$12.74B

+17.6%

ENTG

$3.20B

-1.4%

Gross Margin (Latest Quarter)

ADEA

92.2%

-0.4pp

PLTK

72.5%

+0.6pp

KLAC

61.4%

+1.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
LRCX	$268.77B	43.6	62.6%	21.0%
KLAC	$190.91B	41.9	95.2%	37.6%
ENTG	$17.75B	75.4	6.1%	46.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.2%

Moderate Growth

4Q Net Income CAGR

69.2%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 26, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data