What is Photronics's work in process?

Photronics (PLAB) reported work in process of $1.96M in Q1 2026.

How has Photronics's work in process changed year-over-year?

Photronics's work in process increased by 58.1% year-over-year, from $1.24M to $1.96M.

What is the long-term trend for Photronics's work in process?

Over 5 years (2020 to 2025), Photronics's work in process has grown at a 16.1% compound annual growth rate (CAGR), from $767K to $1.62M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Photronics PLAB Work in process

Work in process at other companies

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$100.15M+11.1%

Sanmina CorpSANM

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KLA CorporationKLAC

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Allegro MicroSystems, Inc.ALGM

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Cadence Design SystemsCDNS

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Other financials

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

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Market cap$1.87B+146%

Enterprise value$1.36B+268%

P/E11.7×+5.4×

P/S2.2×+1.3×

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 / equity0×—

Current ratio5×-0.1×

Where this comes from

Reported directly by Photronics in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Photronics’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Photronics's work in process?: Photronics (PLAB) reported work in process of $1.96M in Q1 2026.
How has Photronics's work in process changed year-over-year?: Photronics's work in process increased by 58.1% year-over-year, from $1.24M to $1.96M.
What is the long-term trend for Photronics's work in process?: Over 5 years (2020 to 2025), Photronics's work in process has grown at a 16.1% compound annual growth rate (CAGR), from $767K to $1.62M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.