NASDAQ$PLAB
Photronics Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Photronics reported second quarter fiscal year 2024 results, with revenue and gross margin in line with the first quarter, but impacted by temporary soft demand and earthquakes in Taiwan.
Photronics reported revenue of $217.0 million for Q2 2024, a 5% decrease year-over-year but a 0.3% increase sequentially. GAAP net income was $36.3 million, or $0.58 per diluted share, while non-GAAP net income was $28.7 million, or $0.46 per diluted share. The company's performance was affected by business headwinds, including soft demand following the Chinese New Year holiday and the impact from earthquakes in Taiwan, which caused an approximately $3 million revenue impact.
- Revenue was $217.0 million, down 5% year-over-year and up 0.3% sequentially.
- GAAP net income was $36.3 million, or $0.58 per diluted share.
- Non-GAAP net income was $28.7 million, or $0.46 per diluted share.
- Cash balance at the end of the quarter was $539.2 million.
Headline financials
Revenue & EPS history
Photronics · Revenue · Quarterly
$217M
Revenue by segment
Photronics · $210M total across 2 segments · Q2 2026
- IC$148M—70.3%
- FPD$62.4M—29.7%
Forward guidance
For the third quarter of fiscal 2024, Photronics expects revenue to be between $221 million and $229 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.53 and $0.59 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 Q2 2024
+2.1%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+1.8%
Avg return
30 days after
62%
41 / 66 earnings
Positive
+45.4%
Q4 2025
Best reaction
-22.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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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