Loading...
•
Aug 03, 2025
Photronics Q3 2025 Earnings Report
Photronics reported strong Q3 2025 results with earnings and profitability surpassing expectations.
Key Takeaways
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.
Revenue reached $210.4 million, slightly down 0.3% YoY and QoQ.
Net income attributable to shareholders rose to $22.9 million, up from $8.9 million in Q2.
Non-GAAP EPS was $0.51, consistent with the prior year quarter.
Photronics repurchased $20.7 million in stock and increased buyback authorization by $25 million.
Revenue by Segment
Forward Guidance
Photronics expects Q4 revenue between $201 million and $209 million, and non-GAAP EPS between $0.42 and $0.48.
Positive Outlook
- Continued investment in geographic revenue diversification.
- Focus on operational efficiency remains strong.
- Non-GAAP EPS guidance of up to $0.48 indicates confidence in growth.
- IC and FPD segments expected to remain stable.
- Buyback program expansion supports shareholder value.
Challenges Ahead
- Revenue guidance midpoint is slightly below Q3 actuals.
- IC revenue declined 5% YoY and QoQ in Q3.
- Gross and operating margins fell compared to Q3 2024.
- Cash balance declined compared to previous fiscal year-end.
- Ongoing FX impacts required non-GAAP adjustments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...