Photronics expects Q4 revenue between $207 mln and $227 mln
Company sees Q4 operating margin between 19% and 24%
Photronics forecasts Q4 non-GAAP diluted EPS of $0.40 to $0.56
Overview
US photomask maker's fiscal Q3 revenue rose 2.7% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 also topped consensus
Company saw recovery in delayed semiconductor design releases, boosting high-end IC business
Result drivers
Semiconductor design recovery - Co said recovery of delayed semiconductor design releases supported Q3 results
High-end IC growth - High fab utilization rates and node migration trends led to record high-end IC revenue, per CEO George Macricostas
Capital investments - Co said investments in U.S. and Korea remain on track to strengthen high-end market position
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
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