Photronics Q2 Profit $31.4M, Revenue $209.9M; Q3 Guidance $207M-$215M
PLAB•Photronics reported Q2 net income of $31.4 million and GAAP EPS of $0.54 (non-GAAP EPS $0.42) on $209.9 million revenue, down 0.5% year-over-year and 6.7% sequentially. It forecasts Q3 revenue of $207 million to $215 million, non-GAAP EPS of $0.39 to $0.45 and operating margin of 18% to 20%.
1. Second Quarter Financial Results
Photronics posted Q2 net income of $31.4 million and GAAP earnings per share of $0.54, with non-GAAP EPS of $0.42, on revenue of $209.9 million. Revenue fell 0.5% year-over-year and 6.7% sequentially, marking a modest sequential decline from the prior quarter.
2. Segment Performance
Integrated circuit photomasks generated $147.5 million in revenue, down 5% year-over-year and 11% sequentially, while flat panel display photomasks delivered $62.4 million, up 13% year-over-year and 4% sequentially. These trends reflect divergent demand patterns in memory and display markets.
3. Third Quarter Outlook and Market Dynamics
For fiscal Q3, the company anticipates revenue between $207 million and $215 million, non-GAAP EPS of $0.39 to $0.45 and an operating margin of 18% to 20%. Management cites delayed design releases due to high fab utilization, memory supply constraints and geopolitical uncertainty alongside long-term investment programs in the U.S. and Korea.




