Photronics Earnings Reports

Photronics delivered strong Q4 2025 performance, with EPS nearly doubling YoY and notable growth in U.S. revenue. The company benefited from favorable tax items and continued to invest in geographic expansion.

Photronics delivered solid financial performance in Q3 2025, with both revenue and earnings exceeding expectations. Despite a slight decline in revenue compared to the previous year, profitability improved significantly from the prior quarter.

Photronics saw a modest revenue decline in Q2 2025, with net income significantly dropping compared to the prior year. The company repurchased $72 million of stock and initiated a CEO transition as Dr. Frank Lee stepped down. Operating margin remained stable while IC segment revenue showed slight sequential growth.

Photronics reported first quarter fiscal year 2025 results with revenue of $212.1 million and GAAP net income of $42.9 million, or $0.68 per diluted share. The company observed favorable demand for high-end products in IC and FPD markets, while mature mainstream masks experienced market softness. They remain cautious about 2025, focusing on cost management and product mix optimization.

Photronics reported Q4 2024 revenue of $222.6 million, a 2% decrease year-over-year but a 6% increase sequentially. GAAP net income was $33.9 million, or $0.54 per diluted share, while non-GAAP net income was $37.1 million, or $0.59 per diluted share. The company is cautiously optimistic about continued favorable photomask demand trends into 2025.

Photronics reported Q3 fiscal year 2024 results with a revenue of $211.0 million, a decrease of 6% year-over-year. GAAP net income was $34.4 million, or $0.55 per diluted share, while non-GAAP net income was $32.0 million, or $0.51 per diluted share. The company's board authorized an increase in the share repurchase program.

Photronics reported revenue of $217.0 million for Q2 2024, a 5% decrease year-over-year but a 0.3% increase sequentially. GAAP net income was $36.3 million, or $0.58 per diluted share, while non-GAAP net income was $28.7 million, or $0.46 per diluted share. The company's performance was affected by business headwinds, including soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan, which caused an approximately $3 million revenue impact.

Photronics' first quarter fiscal 2024 saw a revenue increase of 2% year-over-year to $216.3 million. GAAP net income was $26.2 million, or $0.42 per diluted share, while non-GAAP net income was $29.9 million, or $0.48 per diluted share. The company expects growth in the second quarter, building momentum for another record year in 2024.

Photronics reported an 8% year-over-year increase in both fourth quarter and full year revenue, with a 1% sequential increase in the fourth quarter. The growth was driven by strong demand for design-driven products in both IC and FPD segments. The company's operating margin was 28.5% for the quarter. Photronics' cash balance at the end of the quarter was $499.3 million.

Photronics reported revenue of $224.2 million, a 2% increase year-over-year. GAAP net income was $27.0 million, or $0.44 per diluted share, while non-GAAP net income was $31.6 million, or $0.51 per diluted share. The company's cash balance at the end of the quarter was $448.5 million.

Photronics reported record revenue in Q2 2023, driven by high demand for design-driven products in both IC and FPD segments. Profit margins expanded due to positive volume leverage, pricing, favorable mix, and tight cost control. The company's strong cash generation from operating activities has enabled them to strengthen their balance sheet and invest in organic growth.

Photronics' first quarter 2023 saw revenue increase sequentially, driven by high-end demand in both IC and FPD sectors. IC growth was fueled by Asian foundries, while FPD benefited from G10.5+ demand and mobile display strength. Profit margins were softer due to mix and lower customer premiums.

Photronics reported a solid finish to the year with strong demand for design-driven products. Q4 revenue was $210.3 million, up 16% year-over-year, but down 4% sequentially. Net income was $37.1 million, or $0.60 per diluted share.

Photronics reported record revenue for Q3 2022, driven by strong end market demand and favorable pricing dynamics. The company's net income also increased compared to the previous quarter and the same period last year. Photronics is expanding capacity and growing volumes while controlling costs and capitalizing on operating leverage to deliver higher margins. The company expects revenue to be between $205 million and $215 million and net income attributable to Photronics, Inc. shareholders to be between $0.44 and $0.52 per diluted share for the fourth quarter of 2022.

Photronics reported strong second quarter fiscal year 2022 results with record revenue driven by robust end-market demand and increased pricing. Revenue grew 28% year-over-year, and net income nearly tripled compared to the same period last year. The company expects continued sequential growth throughout 2022.

Photronics reported first quarter fiscal 2022 results with record revenue of $189.8 million, a 25% increase year-over-year. Net income attributable to Photronics, Inc. shareholders was $23.1 million, or $0.38 per diluted share, nearly 300% year-over-year increase.

Photronics reported a strong fourth quarter and full year fiscal 2021, with record revenue driven by increased demand for design-driven products and new flat panel display capacity. The company's strategic investments and strong cash flow have positioned it for continued growth.

Photronics reported record revenue of $170.6 million, a 7% increase sequentially and an 8% increase year-over-year. Net income attributable to Photronics, Inc. shareholders was $17.1 million, or $0.28 per diluted share.

Photronics reported record revenue of $159.8 million for the second quarter of fiscal year 2021, a 12% increase year-over-year. Net income attributable to Photronics, Inc. shareholders was $10.5 million, or $0.17 per diluted share. The company's performance was driven by strong demand for its products and supported by its global presence.

Photronics reported Q1 2021 revenue of $152.1 million, a 2% increase sequentially but a 5% decrease year-over-year. Net income was $8.0 million, or $0.13 per diluted share. The company expects revenue between $153 million and $162 million, and diluted EPS between $0.14 and $0.20 for Q2 2021.

Photronics reported a decrease in fourth-quarter revenue by 4% year-over-year to $149.3 million. Net income for the quarter was $6.5 million, or $0.10 per diluted share. The company achieved record annual revenue for the third consecutive year, despite global challenges. They increased their cash balance while investing in organic growth and share repurchases.

Photronics reported a strong third quarter with revenue of $157.9 million, up 14% year-over-year. Net income was $10.8 million, or $0.17 per diluted share. The company's cash balance grew to $260.6 million.

Photronics reported second quarter revenue of $142.8 million, a 9% increase year-over-year. Net income was $6.3 million, or $0.10 per diluted share. The company provided guidance for the third quarter, expecting revenue between $145 million and $155 million, and diluted EPS between $0.11 and $0.17.

Photronics reported record first-quarter revenue of $159.7 million, a 28% increase year-over-year. Net income was $10.3 million, or $0.16 per diluted share. The company's cash flow from operations was $30.8 million, resulting in a cash balance of $218.3 million.