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Photronics (PLAB)
NASDAQ:PLAB
Earnings Data
Report Date
May 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and financial performance: revenue growth, record high-end IC sales, strong margins, and robust operating cash flow. Management has clear strategic initiatives—technology leadership, geographic expansion (U.S., Korea), and prioritized high-end opportunities—that support future growth. Near-term cautions include a seasonal Q2 revenue dip due to Chinese New Year, limited order visibility (1–3 week backlog), capacity constraints until expansions and qualifications complete, elevated fiscal 2026 CapEx (which will raise depreciation), and competitive pressure in China’s mainstream segment. On balance, the positives (growth, record high-end demand, strong profitability and cash generation, and clear expansion strategy) outweigh the near-term headwinds and execution risks.Company Guidance
FPD Performance and Technology Leadership
FPD revenue of $60.0M, up 3% year-over-year. Installed a most-advanced mask writer in Korea enabling G8.6 AMOLED capability — first supplier with this tool — positioning the company for higher ASP opportunities as G8.6 adoption broadens.
Strong Profitability and EPS
Gross margin at 35% (high end of expectations) and operating margin of 24%. GAAP diluted EPS of $0.74 and non-GAAP diluted EPS (ex-FX) of $0.61 per share, both above expectations.
Robust Operating Cash Flow and Liquidity
Operating cash flow of $97.0M (second highest quarter ever), representing 43% of revenue. Total cash and short-term investments increased by $49.0M sequentially to $637.0M (includes $459.0M held in joint ventures).
Reiterated Capital Investment Plan and Expansion Roadmap
Reiterated fiscal 2026 CapEx guidance of $330.0M; Q1 CapEx $48.0M focused on FPD equipment and special projects. Ongoing expansion projects in the U.S. (Allen) and Korea expected to enter volume production in 2027 to capture regionalization and outsourcing trends.
Strategic Positioning on Advanced Nodes and Regionalization
Supporting advanced logic (12/14nm, extending to 8nm and below) and advanced DRAM qualifications for patterns below 20nm. Management is prioritizing high-end opportunities and geographic diversification to capitalize on onshoring and design/manufacturing regionalization.
Revenue Growth and Beat
Total revenue of $225.0M in fiscal Q1, up 4% sequentially and 6% year-over-year, exceeding expectations.
IC Segment Strength and Record High-End Sales
IC revenue of $165.0M, up 7% year-over-year; record high-end IC revenue of $71.0M, up 19% year-over-year, marking the second consecutive quarterly record and driving improved mix and operating leverage.
PLAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PLAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $37.99 | $43.57 | +14.69% |
Dec 10, 2025 | $25.69 | $37.35 | +45.39% |
Aug 27, 2025 | $22.27 | $23.97 | +7.63% |
May 28, 2025 | $20.06 | $16.94 | -15.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Photronics (PLAB) report earnings?
Photronics (PLAB) is schdueled to report earning on May 27, 2026, Before Open (Confirmed).
What is Photronics (PLAB) earnings time?
Photronics (PLAB) earnings time is at May 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLAB EPS forecast?
PLAB EPS forecast for the fiscal quarter 2026 (Q2) is 0.5.
