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May 02, 2021

Photronics Q2 2021 Earnings Report

Photronics achieved record revenue, with growth in both IC and FPD segments.

Key Takeaways

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.

Record revenue of $159.8 million, up 12% year-over-year.

Net income attributable to Photronics, Inc. shareholders was $10.5 million, or $0.17 per diluted share.

IC revenue was $112.0 million, a 16% increase year-over-year.

FPD revenue was $47.8 million, a 4% increase year-over-year.

Total Revenue
$160M
Previous year: $143M
+11.9%
EPS
$0.17
Previous year: $0.1
+70.0%
Operating Margin
13%
Gross Margin
24.6%
Gross Profit
$39.2M
Previous year: $30.4M
+29.0%
Cash and Equivalents
$256M
Previous year: $238M
+7.6%
Free Cash Flow
-$24.1M
Previous year: $14.2M
-269.2%
Total Assets
$1.27B
Previous year: $1.13B
+11.7%

Photronics

Photronics

Photronics Revenue by Segment

Forward Guidance

For the third quarter of 2021, Photronics expects revenue to be between $162 million and $172 million, and net income attributable to Photronics, Inc. shareholders to be between $0.19 and $0.25 per diluted share.

Positive Outlook

  • Revenue between $162 million and $172 million.
  • Diluted EPS between $0.19 and $0.25.

Revenue & Expenses

Visualization of income flow from segment revenue to net income