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Jul 30, 2023
Photronics Q3 2023 Earnings Report
Photronics' third quarter performance reflected strong margins amidst a temporary demand slowdown in some end markets, with revenue up 2% year-over-year.
Key Takeaways
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.
Revenue increased 2% year-over-year to $224.2 million.
GAAP net income was $27.0 million, or $0.44 per diluted share.
Non-GAAP net income was $31.6 million, or $0.51 per diluted share.
Cash balance at the end of the quarter was $448.5 million.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2023, Photronics expects revenue to be between $222 million and $232 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.51 and $0.59 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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