
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
$2.27B
P/E (TTM)
15.8
70.2
Dividend Yield
--
52W High
$38.10
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 Q3 Earnings Highlights
Key Highlights
Revenue Down Slightly Nine months revenue reached $633.5M, reflecting a 1.7% decrease compared to prior year period.
Shareholder Net Income Drops Net income attributable to shareholders was $74.6M YTD, a decrease of $22.2M versus prior year nine months.
Q3 Gross Margin Declines Q3 Gross Margin compressed to 33.7%, down 320 basis points from Q2 FY25 due to unfavorable product mix.
Cash Balances Decrease Total cash and equivalents ended period at $479.5M, reflecting a decrease from $598.5M at fiscal year end 2024.
Risk Factors
Tariffs Increase Trade Risk Ongoing U.S. tariff changes and investigations may increase supply chain costs and negatively affect product demand.
Currency Swings Hurt Income Foreign currency transactions resulted in a net expense of $(26.9M)$ YTD, driven by unfavorable New Taiwan dollar movements.
IC Revenue Faces Headwinds IC revenue fell 5.2% in Q3 versus Q2, reflecting geopolitical restrictions and continued headwinds in the Asian market.
Quarterly Earnings Contract Net income attributable to shareholders for the quarter was $22.9M, substantially lower than $34.4M reported in Q3 2024.
Outlook
FY2025 Capital Spending Planned Fiscal year 2025 capital expenditures estimated at $200M, targeted for high-end and mainstream capacity in Asia and U.S.
Share Repurchase Authorization $27.6M remains available for common stock repurchase, with potential utilization depending on prevailing market conditions.
Liquidity Sufficient for Future Liquidity, including available financing, is sufficient to meet requirements through next twelve months and beyond.
Evaluating New Accounting Rules Evaluating impact of ASU 2024-03 regarding expense disaggregation disclosures, effective for fiscal year 2028 reporting.
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 | $211.30B | 36.6 | 60.6% | 20.5% |
| KLAC | $162.79B | 38.5 | 98.2% | 36.1% |
| ENTG | $14.36B | 49.9 | 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-Q - Q3 2025
Period End: Aug 3, 2025|Filed: Sep 9, 2025|Revenue: $210.39M-0.3%|EPS: $0.40-28.6%BeatForm 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%MissForm 10-K - FY 2023
Period End: Oct 31, 2023|Filed: Dec 26, 2023|Revenue: $892.08M+8.2%|EPS: $2.05-30.7%Beat