NASDAQ$PLAB

Photronics Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Photronics reported Q2 2025, revenue of $211M, net income of $24.2M, diluted EPS of $0.81.

For Q2 2025, Photronics reported revenue of $211M, net income of $24.2M, diluted EPS was $0.81. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $211M.
  • Net income $24.2M.
  • Diluted EPS $0.81.
  • Photronics MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$211M

Previous: $217M-2.8%
EPS (adj)

$0.81

Previous: $0.58+39.7%
Gross Margin

36.9%

No prior period
Operating Margin

26.4%

Previous: 25.8%+2.3%
Capital Expenditures

-$95.7M

Previous: -$63.3M-51.2%
Free Cash Flow

-$86.9M

Previous: -$27.1M-221.1%
Net Income

$8.86M

Previous: $36.3M-75.6%
Operating Income

$55.7M

Previous: $56.1M-0.6%
Gross Profit

$77.9M

Previous: $79.3M-1.7%
Cash & Equivalents

$531M

Previous: $494M+7.5%
Total Assets

$1.7B

Previous: $1.6B+6.2%

Revenue & EPS history

Photronics · Revenue · Quarterly

$211M

Q2 2025-2.8%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Photronics · $210M total across 2 segments · Q2 2026

  • IC
    $148M
  • FPD
    $62.4M

Forward guidance

Management discusses operational priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Execution on core operating metrics cited in MD&A.
  • Balance sheet liquidity and covenant headroom.
  • Strategic investments supporting long-term growth.

Headwinds

  • Macro demand and input-cost volatility.
  • Regulatory or competitive pressures in the sector.
  • One-time items affecting GAAP comparability.

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 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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