NASDAQ$PLAB
Photronics Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Photronics reported first quarter fiscal year 2023 results with sequential revenue growth driven by IC and FPD businesses.
Photronics' first quarter 2023 saw revenue increase sequentially, driven by high-end demand in both IC and FPD sectors. IC growth was fueled by Asian foundries, while FPD benefited from G10.5+ demand and mobile display strength. Profit margins were softer due to mix and lower customer premiums.
- Revenue reached $211.1 million, up 0.4% sequentially and 11% year-over-year.
- GAAP net income was $14.0 million ($0.23 per diluted share), compared to $23.1 million ($0.38 per diluted share) in the first quarter 2022.
- Non-GAAP net income was $24.4 million ($0.40 per diluted share), compared to $19.2 million ($0.32 per diluted share) in the first quarter 2022.
- Cash generated from operating activities was $28 million.
Headline financials
Revenue & EPS history
Photronics · Revenue · Quarterly
$211M
Revenue by segment
Photronics · $211M total across 2 segments · Q1 2023
- IC$157M+20.6%74.2%
- FPD$54.5M-9.3%25.8%
Forward guidance
For the second quarter of 2023, Photronics expects revenue to be between $205 million and $215 million and net income attributable to Photronics, Inc. shareholders to be between $0.38 and $0.48 per diluted share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+1.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.8%
Avg return
30 days after
61%
41 / 67 earnings
Positive
+45.4%
Q4 2025
Best reaction
-36.4%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -36.4% | -38.0% | — | |
| Q1 2026 | +11.6% | +1.2% | +31.7% | |
| Q4 2025 | +45.4% | +43.1% | +29.7% | |
| Q3 2025 | +7.6% | +1.8% | +4.3% | |
| Q2 2025 | -15.5% | -14.7% | -6.6% | |
| Q1 2025 | +2.0% | -3.9% | -0.5% | |
| Q4 2024 | +3.8% | +4.7% | -7.1% | |
| Q3 2024 | +7.4% | -1.1% | +3.0% | |
| Q2 2024 | -8.9% | -6.7% | -11.7% | |
| Q1 2024 | -14.3% | -9.2% | -7.8% | |
| Q4 2023 | +34.5% | +34.6% | +34.0% | |
| Q3 2023 | -12.3% | -14.6% | -12.0% | |
| Q2 2023 | +17.7% | +23.4% | +33.9% | |
| Q1 2023 | -9.0% | -1.8% | -8.3% | |
| Q4 2022 | -6.8% | -6.8% | -1.1% | |
| Q3 2022 | -22.8% | -29.4% | -31.4% | |
| Q2 2022 | +33.4% | +40.8% | +35.2% | |
| Q1 2022 | +2.4% | -0.8% | -1.1% | |
| Q4 2021 | +23.8% | +15.5% | +30.5% | |
| Q3 2021 | +4.3% | +7.7% | +3.6% | |
| Q2 2021 | +3.1% | +2.9% | +2.5% | |
| Q1 2021 | -6.6% | -6.0% | -2.6% | |
| Q4 2020 | -15.9% | -15.7% | -13.2% | |
| Q3 2020 | -5.9% | -9.0% | -11.3% | |
| Q2 2020 | -12.9% | -11.6% | -19.1% | |
| Q1 2020 | +2.9% | -3.5% | -23.3% | |
| Q4 2019 | +29.5% | +24.1% | +20.4% | |
| Q3 2019 | +4.4% | +1.1% | +17.2% | |
| Q2 2019 | -1.3% | -2.5% | -3.2% | |
| Q1 2019 | -8.1% | -12.3% | -20.1% | |
| Q4 2018 | +4.6% | +3.1% | +9.4% | |
| Q3 2018 | +15.1% | +20.1% | +10.6% | |
| Q2 2018 | +7.7% | +9.5% | +0.0% | |
| Q1 2018 | +3.8% | -0.6% | +16.7% | |
| Q4 2017 | +3.2% | -1.6% | -8.8% | |
| Q3 2017 | -17.4% | -20.5% | -16.3% | |
| Q2 2017 | -9.5% | -12.1% | -13.9% | |
| Q1 2017 | -0.9% | -0.4% | -1.8% | |
| Q4 2016 | +7.7% | +17.9% | +13.8% | |
| Q3 2016 | -10.7% | -8.2% | -3.7% | |
| Q2 2016 | -8.4% | — | — | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | +7.6% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -5.6% | — | — | |
| Q4 2013 | +8.4% | — | — | |
| Q3 2013 | +3.7% | — | — | |
| Q2 2013 | -3.3% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | +8.3% | — | — | |
| Q3 2012 | +6.9% | — | — | |
| Q2 2012 | -2.1% | — | — | |
| Q1 2011 | +4.5% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q2 2010 | +5.9% | — | — | |
| Q1 2010 | -3.1% | — | — |
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