NASDAQ$PLAB
Photronics Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Photronics' third quarter performance reflected strong margins amidst a temporary demand slowdown in some end markets, with revenue up 2% year-over-year.
Photronics reported revenue of $224.2 million, a 2% increase year-over-year. GAAP net income was $27.0 million, or $0.44 per diluted share, while non-GAAP net income was $31.6 million, or $0.51 per diluted share. The company's cash balance at the end of the quarter was $448.5 million.
- Revenue increased 2% year-over-year to $224.2 million.
- GAAP net income was $27.0 million, or $0.44 per diluted share.
- Non-GAAP net income was $31.6 million, or $0.51 per diluted share.
- Cash balance at the end of the quarter was $448.5 million.
Headline financials
Revenue & EPS history
Photronics · Revenue · Quarterly
$224M
Revenue by segment
Photronics · $224M total across 2 segments · Q3 2023
- IC$163M+1.1%72.7%
- FPD$61.1M+4.1%27.3%
Forward guidance
For the fourth quarter of fiscal 2023, Photronics expects revenue to be between $222 million and $232 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.51 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 Q3 2023
+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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