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Feb 02, 2025
Photronics Q1 2025 Earnings Report
Photronics achieved top-line results in line with expectations, reflecting seasonal demand patterns.
Key Takeaways
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.
Revenue was $212.1 million, a 2% decrease year-over-year.
GAAP Net income was $42.9 million, or $0.68 per diluted share, compared to $26.2 million, or $0.42 per diluted share in Q1 2024.
Non-GAAP Net income was $32.4 million, or $0.52 per diluted share, compared to $29.9 million, or $0.48 per diluted share in Q1 2024.
Cash at the end of the quarter was $642.2 million, with debt at $2.7 million.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2025, Photronics expects Revenue to be between $208 million and $216 million and non-GAAP Net income attributable to Photronics, Inc. shareholders to be between $0.44 and $0.50 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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