Photronics Q2 2022 Earnings Report
Key Takeaways
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.
Revenue reached $204.5 million, reflecting an 8% sequential increase and a 28% year-over-year rise.
Net income attributable to Photronics, Inc. shareholders was $29.8 million ($0.49 per diluted share), a 29% increase over the previous quarter.
IC revenue increased by 30% year-over-year to $145.8 million.
FPD revenue increased 23% year-over-year to $58.7 million.
Photronics
Photronics
Photronics Revenue by Segment
Forward Guidance
For the third quarter of 2022, Photronics anticipates revenue to range between $205 million and $215 million, with net income attributable to Photronics, Inc. shareholders expected to be between $0.45 and $0.55 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income