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Photronics

PLAB

Photronics is a leading global manufacturer of photomasks, which are high-precision photographic plates used as masters to transfer microscopic circuit patterns onto semiconductor wafers and flat panel display (FPD) substrates.

Market cap
$1.72B+43.9%
Revenue$861.2M+0.5%
Net income$159.1M+32.6%
Free cash flow$96.3M-45.1%
EPS (diluted)$2.72+41.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 26, 2026 (in a month)
Revenue estimate$208.8M
EPS estimate$0.40

Financials

Q2 2026

Income statement

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Revenue$209.9M-0.5%
Gross profit$65.8M-15.6%
Operating income$42.2M-24.3%
Net income$31.4M+255%
EPS (diluted)$0.54+260%

Balance sheet

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Cash & equivalents$514.4M-3.6%
Total debt$3.9M+12,780%
Total equity$1.2B+12.7%
Total assets$1.9B+13.4%

Cash flow

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Operating cash flow$47.0M+49.5%
CapEx$45.8M-24.4%
Free cash flow$1.2M

Valuation & ratios

Valuation

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Market cap$1.72B+43.9%
Enterprise value$1.21B+93.2%
P/E10.8×+1.1×
P/S+0.6×

Profitability

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Gross margin33.8%-2.5pp
Operating margin22.9%-2.3pp
Net margin18.5%+4.5pp
FCF margin11.2%

Returns & leverage

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Return on equity13.6%+2.3pp
Debt / equity
Current ratio-0.1×

Segments

By product

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Mainstream Integrated Circuits$90.9M-5.9%
High End Integrated Circuits$56.7M-4.5%
High End Flat Panel Displays$52.8M+21.1%
Mainstream Flat Panel Displays$9.6M-16.5%

Competitors

Profile

Photronics is a leading global manufacturer of photomasks, which are high-precision photographic plates used as masters to transfer microscopic circuit patterns onto semiconductor wafers and flat panel display (FPD) substrates. The company provides critical infrastructure for the fabrication of integrated circuits and advanced displays, supporting both high-end and mainstream technology nodes. Its value proposition centers on technical leadership, rapid delivery cycles, and a global manufacturing footprint located near major semiconductor hubs.

Competitive position

A leading independent merchant manufacturer with a significant global market share, competing against both other merchant suppliers and internal captive operations of major chipmakers.

GeographiesTaiwan, China, South Korea, United States, Europe
Customer segmentsSemiconductor Foundries, Consumer Electronics Manufacturers, Automotive Component Suppliers
Business modelManufacturing, B2B, Hardware-as-a-Product
SuppliersHigh precision quartz substrates, Pellicles, Electronic grade chemicals, Electron beam lithography systems, Optical laser-based lithography systems
CustomersSemiconductor foundries, Integrated device manufacturers, Flat panel display manufacturers, Fabless design companies
Listed1987
Employees1.9K
CEOGeorge C. Macricostas
FilingsSEC EDGAR

Questions, answered.

What is Photronics's market cap?
Photronics (PLAB) has a market capitalization of $1.7B and trades on NASDAQ.
What is Photronics's revenue and profitability?
Photronics generated $861.2M in trailing twelve-month revenue with net income of $159.1M, representing a net margin of 18.5%. Gross margin stands at 33.8%, with free cash flow of $96.3M. These figures are based on the Q2 2026 filing.
Who are Photronics's competitors?
Photronics's key competitors include Amkor Technology Inc, Lightwave Logic, Inc. Common Stock, Applied Materials Inc, and others. These companies compete in similar markets and product categories.
What subsidiaries does Photronics have?
Photronics's subsidiaries include Photronics Korea, Ltd..
Where is Photronics headquartered?
Photronics is headquartered in United States of America and employs approximately 1,885 people. It has been publicly traded since 1987.