Photronics Appoints New CEO Amid Leadership Transition

Photronics ( (PLAB) ) has provided an update.

On May 24, 2025, Dr. Frank Lee announced his intention to retire from Photronics, Inc. within the next two years, stepping down as CEO but continuing to oversee the company’s Asia operations and remaining Chairman and President of the PDMC subsidiary in Taiwan. George Macricostas, a seasoned investor and entrepreneur with extensive experience in business operations and IT, has assumed the role of CEO while continuing as Chairman of the Board. Photronics reported a revenue of $211 million for the second quarter of fiscal 2025, a slight decrease from previous periods, and executed a strategic stock repurchase of $72 million, indicating confidence in its long-term business model.

Spark’s Take on PLAB Stock

According to Spark, TipRanks’ AI Analyst, PLAB is a Outperform.

Photronics’ overall stock score of 80 reflects its strong financial health and attractive valuation, which are bolstered by robust profitability and low leverage. Technical indicators suggest potential for upward momentum, although longer-term trends remain challenging. Despite some revenue and geopolitical challenges, the company’s strong earnings performance and strategic shifts indicate potential for future growth.

To see Spark’s full report on PLAB stock, click here.

More about Photronics

Photronics is a leading global manufacturer specializing in integrated circuit (IC) and flat panel display (FPD) photomasks, which are essential components in the manufacturing process of ICs and FPDs. Established in 1969, the company has been a reliable supplier for over 55 years, operating 11 strategically located manufacturing facilities across Asia, Europe, and North America.

Average Trading Volume: 666,757

Technical Sentiment Signal: Hold

Current Market Cap: $1.28B

See more insights into PLAB stock on TipRanks’ Stock Analysis page.