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Photronics PLAB Operating Income

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Other financials

Income statement

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Revenue$209.9M-0.5%
Gross profit$65.8M-15.6%
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$1.88B+58.8%
Enterprise value$1.37B+95.2%
P/E11.8×+0.9×
P/S2.2×+0.8×

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×

Where this comes from

Reported directly by Photronics in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Photronics’s 10-Q, filed June 11, 2026.

Filed
Jun 11, 2026, 3:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001140361-26-024915
Line itemThree Months Ended / May 3, 2026Three Months Ended / May 4, 2025Six Months Ended / May 3, 2026Six Months Ended / May 4, 2025
Research and development2,8224,0905,4108,346
Total operating expenses23,57822,18947,47745,547
Other operating income, net--56-
Operating income42,17955,71797,038107,894
Other income (expense):
Foreign currency transactions impact, net7,869(31,111)20,734(12,668)
Interest income and other income, net3,8095,32910,61811,915
Interest expense(1)(4)(2)(52)

Item 1. Financial Statements (unaudited)

FAQ

What is Photronics's operating income?
Photronics (PLAB) reported operating income of $42.18M in Q1 2026.
How has Photronics's operating income changed year-over-year?
Photronics's operating income decreased by 24.3% year-over-year, from $55.72M to $42.18M.
What is the long-term trend for Photronics's operating income?
Over 4 years (2021 to 2025), Photronics's operating income has grown at a 21.8% compound annual growth rate (CAGR), from $94.55M to $208.16M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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