What is Photronics's R&D?

Photronics (PLAB) reported R&D of $2.82M in Q1 2026.

How has Photronics's R&D changed year-over-year?

Photronics's R&D decreased by 31.0% year-over-year, from $4.09M to $2.82M.

What is the long-term trend for Photronics's R&D?

Over 4 years (2021 to 2025), Photronics's R&D has grown at a -3.8% compound annual growth rate (CAGR), from $18.49M to $15.8M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Photronics PLAB R&D

R&D at other companies

Amkor TechnologyAMKR

$41.76M-8.5%

Veeco InstrumentsVECO

$29.88M+4.8%

Axcelis TechnologiesACLS

$28.52M+5.1%

Sanmina CorpSANM

$7.99M+9.2%

Applied MaterialsAMAT

$1.03B+15.0%

SkyWater Technology, Inc.SKYT

$5M+53.8%

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:ResearchAndDevelopmentExpense.

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 R&D?: Photronics (PLAB) reported R&D of $2.82M in Q1 2026.
How has Photronics's R&D changed year-over-year?: Photronics's R&D decreased by 31.0% year-over-year, from $4.09M to $2.82M.
What is the long-term trend for Photronics's R&D?: Over 4 years (2021 to 2025), Photronics's R&D has grown at a -3.8% compound annual growth rate (CAGR), from $18.49M to $15.8M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.