Replay available
Photronics, Inc. (PLAB) Q4 2025 Earnings Call
Photronics, Inc. (NASDAQ: PLAB) Q4 2025 earnings conference call, held 2025-12-10. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
George Adams
President & Chief Executive Officer
Eric Johnson
Senior Vice President & Chief Operating Officer
Linda Smith
Analyst, DA Davidson
Lily Chen
SVP & General Manager, China Operations
Ted Myers
Vice President, Investor Relations
Christian Swapwood
Analyst, Single Research
Chris Walker
SVP, Display Business Unit
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:03.795 the notice regarding forward-looking statements contained both in today's earnings release 00:00:03.795 -- 00:00:07.098 as well as our most recent SEC filings. 00:00:07.098 -- 00:00:11.342 During the quarter, we will be participating in the New York Summit next week and the 00:00:11.342 -- 00:00:16.866 Needham Growth Conference in January. I will now turn the call over to George. 00:00:16.988 -- 00:00:19.490 Thank you, Ted, and good morning, everyone. 00:00:19.490 -- 00:00:24.275 We delivered strong financial results with sales of $216 million, 00:00:24.275 -- 00:00:26.337 exceeding expectations 00:00:26.337 -- 00:00:29.258 and increasing 3% sequentially. 00:00:29.579 -- 00:00:34.604 The major positive in the quarter was record high-end IC revenue led by the US and 00:00:34.604 -- 00:00:36.206 Asia. 00:00:36.206 -- 00:00:41.692 Non-GAAP diluted EPS also surpassed guidance, coming in at 60 cents per share. 00:00:41.692 -- 00:00:46.718 During the quarter, we recognized a tax valuation allowance reversal, reflecting 00:00:46.718 -- 00:00:51.703 an improvement in our US execution and outlook, 00:00:51.703 -- 00:00:54.706 which Eric will elaborate on. 00:00:54.706 -- 00:00:56.866 As we looked at 2026, 00:00:56.866 -- 00:01:01.671 We will continue to leverage our operational strengths and geographic footprint spanning 00:01:01.671 -- 00:01:07.879 11 production facilities to continue to deliver high quality photo masks. 00:01:07.879 -- 00:01:13.505 As previously communicated, we are currently executing strategic geographic expansions 00:01:13.505 -- 00:01:18.591 at existing facilities, reinforcing our position as a leading merchant provider 00:01:18.591 -- 00:01:23.937 of photo masks. These initiatives are expected to enhance the revenue ...