What are Photronics's profit margins?

Gross margin is 33.8% and operating margin is 22.9%, with a 18.5% net margin.

Where does Photronics's income statement data come from?

Every line is extracted from Photronics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Photronics PLAB Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Total revenue	$209.94M-0.5%	$225.07M+6.1%	$215.77M-3.1%	$210.39M-0.3%	$210.99M-2.8%
Total cost of revenue	$144.18M+8.3%	$146.36M+7.1%	$140.24M-0.1%	$139.54M+2.7%	$133.09M-3.4%
Gross profit	$65.76M-15.6%	$78.7M+4.2%	$75.53M-8.2%	$70.86M-5.7%	$77.91M-1.7%
Gross margin	31.3%-5.6pp	35%-0.6pp	35%-2.0pp	33.7%-1.9pp	36.9%+0.4pp
Research and development	$2.82M-31.0%	$2.59M-39.2%	$3.19M-39.7%	$4.27M+20.1%	$4.09M-4.7%
Selling, general and administrative	$20.76M+14.7%	$21.31M+11.6%	$20M-4.8%	$18.42M-5.2%	$18.1M-4.7%
Compensation and benefits	$3.73M+10.3%	$2.85M-14.5%	$3.39M-16.4%	$3.29M—	$3.38M—
Depreciation and amortization	$20.01M+2.1%	$19.8M-4.8%	$18.02M-13.4%	$18.85M-6.3%	$19.59M-5.7%
Provision for credit losses	$0—	$0—	——	$0—	$0—
Other operating expenses	$23.58M+6.3%	$23.9M+2.3%	$23.19M-11.8%	$22.69M-1.3%	$22.19M-4.7%
Total operating expenses	$23.58M+6.3%	$23.9M+2.3%	$23.19M-11.8%	$22.69M-1.3%	$22.19M-4.7%
Operating income	$42.18M-24.3%	$54.86M+5.1%	$52.11M-6.7%	$48.16M-7.6%	$55.72M-0.6%
Operating margin	20.1%-6.3pp	24.4%-0.2pp	24.1%-0.9pp	22.9%-1.8pp	26.4%+0.6pp
Other income (expense), net	$3.81M-28.5%	$6.81M+3.4%	$5.24M-22.9%	$4.83M-21.3%	$5.33M-9.3%
Gain (loss) on disposal of assets	$0—	$56K—	-$240K-31.9%	$0-100%	$0-100%
Income before income taxes	$53.86M+79.9%	$74.53M-3.4%	$75.96M+38.6%	$38.73M-37.8%	$29.93M-60.9%
Income tax expense	$10.61M+85.6%	$14.36M-24.1%	$0-100%	$9.59M-32.1%	$5.71M-71.7%
Net income	$31.43M+255%	$42.94M+0.2%	$61.8M+82.5%	$22.89M-33.4%	$8.86M-75.6%
Net margin	15%+10.8pp	19.1%-1.1pp	28.6%+13.4pp	10.9%-5.4pp	4.2%-12.5pp
Net income attributable to noncontrolling interests	$11.82M-23.0%	$17.24M+11.9%	$16.82M+165%	$6.25M-54.7%	$15.36M—
Diluted earnings per share	$0.54+260%	$0.74+8.8%	$1.05+94.4%	$0.39-29.1%	$0.15-74.1%
Basic earnings per share	$0.54+260%	$0.74+7.2%	$1.05+90.9%	$0.40-28.6%	$0.15-74.6%
Weighted-average shares, diluted	58.7M-3.7%	58.4M-6.8%	59.9M-4.0%	58.1M-7.0%	61M-2.3%
Weighted-average shares, basic	58.1M-4.4%	57.8M-6.9%	59.6M-3.4%	57.9M-6.3%	60.8M-1.6%
Depreciation and amortization	$19.94M+2.2%	$19.72M-4.8%	$18.29M-13.3%	$18.76M-6.3%	$19.51M—
Interest Expense Net	$1K-75.0%	$1K-97.9%	$3K-96.1%	$0-100%	$4K-96.4%
Share-based compensation expense related to employee stock plans	$3.73M+10.4%	$2.85M-14.5%	$3.39M-16.4%	$3.29M-1.4%	$3.38M—
Pre-tax stock-based compensation cost	$3.73M+10.4%	$2.85M-14.5%	$3.39M-16.4%	$3.29M-1.4%	$3.38M—
Accounts Receivable, Allowance for Credit Loss, Writeoff	——	——	$0—	$0—	$0—
Amortization of capitalized software and acquired intangible assets	——	——	$86.75K-6.7%	$86.75K-6.7%	$86.75K-6.7%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	5K-99.5%	158K-67.6%	792K+113%	1.1M+98.5%	1.1M—
Capital investments accrued but not yet paid	$11.77M+329%	$20.36M+86.6%	——	$13.71M+951%	$2.75M+111%
Capitalized Contract Cost Impairment Loss	$0—	$0—	$0—	$0—	$0—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	$51.81M+18.8%	——	-$51.08M—	-$111.33M—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$25.8M-38.4%	$36.74M+315%	$44.19M-8.0%	$41.68M+39.7%	$41.89M—
Less: comprehensive income attributable to noncontrolling interest	$13.68M-53.5%	$14.81M+126%	$11.27M-22.1%	$16.6M+35.4%	$29.39M—
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$39.48M-44.6%	$51.55M+235%	$55.45M-11.3%	$58.28M+38.4%	$71.28M—
Revenue recognized that was included in deferred income at the beginning of the period	$2.33M-10.1%	$1.16M-73.5%	$2.14M+86.2%	$1.87M-73.5%	$2.59M—
Federal	——	——	$0—	$0—	$0—
Foreign	——	——	$12.16M-25.0%	$12.16M-25.0%	$12.16M-25.0%
Current State And Local Tax Expense Benefit	——	——	$15K-36.8%	$15K-36.8%	$15K-36.8%
Federal	——	——	-$3.58M—	-$3.58M—	-$3.58M—
Deferred Foreign Income Tax Expense Benefit	——	——	-$529.25K-51.0%	-$529.25K-51.0%	-$529.25K-51.0%
Deferred taxes	——	——	-$4.29M-1,136%	-$4.29M-1,136%	-$4.29M-1,136%
State	——	——	-$182.75K-5,723%	-$182.75K-5,723%	-$182.75K-5,723%
Defined Contribution Plan Cost Recognized	——	——	$300K0.0%	$300K0.0%	$300K0.0%
Defined Contribution Plan Employer Matching Contribution Percent	——	——	4%—	——	——
Defined Contribution Plan Employer Matching Contribution Percent Of Match	——	——	100%—	——	——
Maximum percentage of annual compensation contributed by the participant (percent)	——	——	50%—	——	——
Effect of exchange rate changes on cash, cash equivalents and restricted cash	-$807K—	-$5.92M+72.1%	——	$11.83M—	——
Effective tax rates	$0.2+3.1%	$0.19-21.2%	$0.14-44.7%	$0.25+9.3%	$0.19—
Income taxes at U.S. statutory rate of 21%	21%0.0%	21%0.0%	21%0.0%	21%0.0%	21%—
Income tax benefit realized from option exercises	$780K+92.1%	$582K+30.5%	$1.69M+311%	$461K+42.7%	$406K—
Expected Refundable Federal Investment Tax Credit	——	——	$2.73M+118%	$2.73M+118%	$2.73M+118%
Finance Lease Interest Payment On Liability	——	——	$500-99.4%	$500-99.4%	$500-99.4%
Finance Lease Principal Payments	——	——	$2.75K-99.8%	$2.75K-99.8%	$2.75K-99.8%
Finance Lease Right Of Use Asset Amortization	——	——	$4.75K-99.4%	$4.75K-99.4%	$4.75K-99.4%
Gain (Loss), Foreign Currency Transaction, before Tax	$7.87M+125%	$12.87M-30.2%	——	-$14.26M-450%	-$31.11M-311%
Gain Loss On Sale Of Property Plant Equipment	$0—	$56K—	-$240K-31.9%	$0-100%	$0-100%
Government Grant For Acquisition Of Property Plant And Equipment	——	——	$550K+4.8%	$550K+4.8%	$550K+4.8%
Income Loss From Continuing Operations Before Income Taxes Domestic	——	——	$2.56M-49.2%	$2.56M-49.2%	$2.56M-49.2%
Income Loss From Continuing Operations Before Income Taxes Foreign	——	——	$52.89M-6.9%	$52.89M-6.9%	$52.89M-6.9%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	——	-$4.96M-900%	-$4.96M-900%	-$4.96M-900%
Income Tax Reconciliation Foreign Income Tax Rate Differential	——	——	$1.77M-33.8%	$1.77M-33.8%	$1.77M-33.8%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	——	$11.64M-10.4%	$11.64M-10.4%	$11.64M-10.4%
Income Tax Reconciliation Lease Buyout	——	——	$850.5K—	$850.5K—	$850.5K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	——	——	$448.5K-4.8%	$448.5K-4.8%	$448.5K-4.8%
Changes in unrecognized tax benefits	——	——	-$697.5K-145%	-$697.5K-145%	-$697.5K-145%
Income taxes paid	——	——	$15.09M-3.4%	$15.09M-3.4%	$15.09M-3.4%
Increase (Decrease) in Accounts Payable and Other Operating Liabilities	-$26.35M-635%	$20.14M+331%	——	-$6.84M—	-$3.59M—
Increase (Decrease) in Accounts Receivable	-$11.45M—	$2.54M+132%	——	-$8.09M-1,373%	——
Increase (Decrease) in Inventories	$5.27M+144%	$982K-61.2%	——	$1.4M+1.4%	$2.16M-55.1%
Increase (Decrease) in Other Current Assets	——	$2.19M+319%	——	$1.08M+169%	$6.41M+328%
Increase Decrease In Property And Equipment Net	——	——	-$3.98M-218%	-$3.98M-218%	-$3.98M-218%
Add - Incremental shares under stock-based compensation plans (in shares)	$622K+244%	$596K+4.9%	$21K-96.8%	$131K-78.1%	$181K—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$1.17M+98.4%	$749K+104%	$0+100%	-$20.21M-1,088%	-$74.59M-3,919%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$77.61M+11.5%	-$40.28M-688%	-$65.3M-353%	-$92.75M-239%	-$87.69M-21.0%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$47.03M+49.5%	$97.25M+23.9%	$87.82M+28.5%	$50.06M-33.3%	$31.45M-58.9%
Net Income Loss Attributable To Noncontrolling Interest	$11.82M-23.0%	$17.24M+11.9%	$16.82M+165%	$6.25M-54.7%	$15.36M—
Net Settlements Of Restricted Stock Awards	$1.63M+13,500%	$0-100%	$81K+252%	$6K—	$12K—
Number Of Executives Departed	——	——	——	——	——
Number Of Manufacturing Facilities	——	11+300%	2.8—	2.8—	2.8—
Number of operating segments	——	1+300%	0.3—	0.3—	0.3—
Foreign currency translation gains (losses)	-$3.78M-108%	-$8.67M+79.8%	——	$29.17M+577%	$47.12M—
Other comprehensive income (loss)	-$3.77M-108%	-$8.63M+79.9%	——	$29.14M+580%	$47.06M—
Other Comprehensive Income Loss Other Adjustments Net Of Tax	$12K+120%	$42K-40.0%	$259K+241%	-$28K-158%	-$61K—
Other income, net (Note 6)	$3.81M-28.5%	$6.81M+3.4%	$5.24M-22.9%	$4.83M-21.3%	$5.33M-9.3%
Payment for (Proceeds from) Other Investing Activity	——	$80K+40.4%	-$57K+9.5%	——	——
Payments for Repurchase of Common Stock	$0-100%	$0-100%	$0—	$20.74M—	$72.11M—
Payments to Acquire Property, Plant, and Equipment	$45.8M-24.4%	$47.64M+35.3%	$67.55M+56.3%	$24.84M+1.7%	$60.55M+203%
Payments to Acquire Short-Term Investments	$69.22M+150%	$36.61M—	$33.08M+31.6%	$68.88M+174%	$27.69M+10.1%
Proceeds From Government Incentives	——	$2.57M+314%	$689K+0.1%	$303K—	$546K—
Proceeds From Income Tax Refunds	——	——	$89K-85.9%	$89K-85.9%	$89K-85.9%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options	$464K+209%	$752K-47.5%	$111K-86.8%	$537K+2,726%	$150K+26.1%
Proceeds from Maturities, Prepayments and Calls of Short-Term Investments	$30.31M—	$41.48M0.0%	$34.68M+23.2%	$666K-97.9%	$0-100%
Net additions (releases) charged to costs and expenses	$0—	$0—	——	$0—	$0—
Repayments of Debt and Lease Obligation	$2K-99.9%	$3K-100.0%	$3K-99.9%	$3K-99.8%	$2.62M+59.0%
Revenue From Contract With Customer Excluding Assessed Tax	$209.94M-0.5%	$225.07M+6.1%	$215.77M-3.1%	$210.39M-0.3%	$210.99M-2.8%
Stock-based compensation	$3.73M+10.3%	$2.85M-14.5%	$3.39M-16.4%	$3.29M-1.5%	$3.38M-14.0%
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$335K+2,133%	-$974K-35.1%	$468K—	$395K+978%	$15K—
Value of shares repurchased	——	——	$0—	$20.74M—	$72.11M—
Stockholders' Equity, Other	-$1.63M—	$815K—	——	——	——
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions	——	——	——	——	——
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation	——	——	$1M—	$1M—	$1M—
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	——	$979.5K-36.2%	$979.5K-36.2%	$979.5K-36.2%
Additions for tax positions of prior years	——	——	$557.5K—	$557.5K—	$557.5K—
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	——	——	$9.25K+23.3%	$9.25K+23.3%	$9.25K+23.3%
Add: dilutive effect of potential common shares (in shares)	$622K+244%	$596K+4.9%	$314K-52.8%	$131K-78.1%	$181K—
EBIT	$42.18M-24.3%	$54.86M+5.1%	$52.11M-6.7%	$48.16M-7.6%	$55.72M-0.6%
EBITDA	$62.19M-17.4%	$74.66M+2.3%	$70.13M-8.5%	$67.01M-7.3%	$75.31M-2.0%
EBITDA	$62.19M-17.4%	$74.66M+2.3%	$70.13M-8.5%	$67.01M-7.3%	$75.31M-2.0%
EBITDA margin	29.6%-6.1pp	33.2%-1.2pp	32.5%-1.9pp	31.8%-2.4pp	35.7%+0.3pp
EBIT	$42.18M-24.3%	$54.86M+5.1%	$52.11M-6.7%	$48.16M-7.6%	$55.72M-0.6%

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Questions, answered.

What are Photronics's profit margins?: Gross margin is 33.8% and operating margin is 22.9%, with a 18.5% net margin.
Where does Photronics's income statement data come from?: Every line is extracted from Photronics's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.