NASDAQ$PLAB

Photronics Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Photronics experienced sequential revenue growth in Q4 2024, driven by increased sales in both IC and FPD, with IC growth led by strong high-end sales in the US and FPD growth led by mainstream demand.

Photronics reported Q4 2024 revenue of $222.6 million, a 2% decrease year-over-year but a 6% increase sequentially. GAAP net income was $33.9 million, or $0.54 per diluted share, while non-GAAP net income was $37.1 million, or $0.59 per diluted share. The company is cautiously optimistic about continued favorable photomask demand trends into 2025.

  • Q4 revenue reached $222.6 million, showing a 6% sequential increase.
  • GAAP net income was reported at $33.9 million, or $0.54 per diluted share.
  • Non-GAAP net income amounted to $37.1 million, or $0.59 per diluted share.
  • IC revenue was $163.7 million, while FPD revenue was $58.9 million.

Headline financials

Total Revenue

$223M

Previous: $227M-2.1%
EPS (adj)

$0.59

Previous: $0.60-1.7%
Gross Margin

37.0%

No prior period
Operating Margin

25.1%

No prior period
Capital Expenditures

-$43.2M

Previous: -$52.5M+17.7%
Net Income

$40.2M

Previous: $44.6M-9.8%
Operating Income

$55.8M

Previous: $64.8M-13.8%
Gross Profit

$82.3M

Previous: $84.9M-3.0%
R&D Expense

$5.29M

Previous: $3.37M+57.0%
Stock-Based Comp

$4.05M

Previous: $2.13M+90.4%

Revenue & EPS history

Photronics · Revenue · Quarterly

$223M

Q4 2024-2.1%vs Q4 2023
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

For the first quarter of fiscal 2025, Photronics expects revenue to be between $208 million and $216 million and non-GAAP net income attributable to Photronics, Inc. shareholders to be between $0.43 and $0.49 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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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