Photronics Reports Second Quarter 2026 Results

About this update from Photronics, Inc.

[{"type":"image","alt":"Photronics, Inc.","displaySize":"","headline":null,"caption":"Photronics, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":135,"height":145,"url":"https://media.zenfs.com/en/globenewswire.com/473fd3f06b93cbe786456416c76f6abf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/26QbpX1qOZP1dqHiVhWDJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTIyNg--/https://media.zenfs.com/en/globenewswire.com/473fd3f06b93cbe786456416c76f6abf","width":135,"height":145},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/26QbpX1qOZP1dqHiVhWDJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTIyNg--/https://media.zenfs.com/en/globenewswire.com/473fd3f06b93cbe786456416c76f6abf","width":135,"height":145}},"lazy":false},{"type":"text","content":"BROOKFIELD, Conn., May 28, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its second quarter of fiscal year 2026 ended May 3, 2026.","length":238,"tagName":"p"},{"type":"text","content":"Commenting on the second quarter performance, Chairman and CEO George Macricostas said, “Photomask market dynamics reflect a mix of supportive long-term drivers and several temporary headwinds. In the near term, certain design releases have been delayed due to elevated fab utilization rates, which are extending new product launch timelines, memory supply constraints and related cost pressures for OEMs, and geopolitical uncertainty. The underlying long-term demand environment remains strong as we advance our investments in the U.S. and Korea to strengthen our position at the high end of the market over the coming years.”","length":627,"tagName":"p"},{"type":"text","content":"Second Quarter Fiscal 2026 Results","length":34,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was $209.9 million, down 0.5% year-over-year and down 6.7% sequentially.","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP Net income attributable to Photronics, Inc. shareholders was $31.4 million, or $0.54 per diluted share, compared with $8.9 million, or $0.15 per diluted share, in the second quarter of 2025 and $42.9 million, or $0.74 per diluted share, in the first quarter of 2026.","length":271,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP Net income attributable to Photronics, I...

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