Business
Photronics Reports Full Year and Fourth Quarter Fiscal 2025 Results
BROOKFIELD, Conn., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today
About this update from Photronics, Inc.
[{"type":"text","content":"BROOKFIELD, Conn., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its full year and fourth quarter of fiscal year 2025 ended October 31, 2025. Commenting on the fourth-quarter performance, Chairman and CEO George Macricostas said, \"Photronics delivered very good results in our fiscal fourth quarter achieving record high end revenue with particular strength in the United States. We continue to see positive forecasts from our customers in the U.S. validating our U.S. investment plans, while our Korea capability extension is also anticipated to help diversify our geographic revenue mix and increase our exposure to leading-edge chip designs in the future.” Full Year Fiscal 2025 Results Revenue was $849.3 million, down 2.0% year-over-year.GAAP net income attributable to Photronics, Inc. shareholders was $136.4 million, or $2.28 per diluted share, compared with $130.7 million, or $2.09 per diluted share in 2024.Favorable impact associated with the deferred tax valuation allowance reduction of $16.8 million.Non-GAAP net income attributable to Photronics, Inc. shareholders was $120.6 million, or $2.01 per diluted share, compared with $127.6 million, or $2.05 per diluted share in 2024.IC revenue was $615.1 million, down 4% year-over-year.FPD revenue was $234.2 million, up 2% year-over-year.Cash generated from operating activities was $247.8 million, and cash invested in organic growth through capital expenditures was $188.1 million. Fourth Quarter Fiscal 2025 Results Revenue was $215.8 million, down 3.1% year-over-year and up 2.6% sequentially.GAAP Net income attributable to Photronics, Inc. shareholders was $61.8 million, or $1.07 per diluted share, compared with $33.9 million, or $0.54 per diluted share, in the fourth quarter of 2024 and $22.9 million, or $0.39 per diluted share, in the third quarter of 2025.Favorable impact associated with the deferred tax valuation allowance reduction of $16.8 million.Non-GAAP Net income attributable to Photronics, Inc. shareholders was $34.6 million, or $0.60 per diluted share, compared with $37.1 million, or $0.59 per diluted share in the fourth quarter of 2024 and $29.4 million, or $0.51 per diluted share, in the third quarter of 2025.IC revenue was $157.4 million, down 4% year-over...