Photronics Q2 Earnings Call Highlights

1 hour ago 2

MarketBeat

Thu, May 28, 2026 astatine 9:10 AM CDT 7 min read

Key Points

Interested successful Photronics, Inc.? Here are 5 stocks we similar better.
Photronics’ fiscal Q2 gross was fundamentally level astatine $210 million arsenic a 13% leap successful level sheet show photomask income to $62 cardinal offset a 5% diminution successful integrated circuit gross to $148 million.
Management said near-term IC request was slowed by delayed plan releases, citing precocious fab utilization, representation proviso constraints, and geopolitical uncertainty, which dampened the accustomed post-Chinese New Year recovery.
Despite softer near-term visibility, Photronics kept its maturation investments connected track, maintaining $330 cardinal successful fiscal 2026 capex guidance for enlargement successful the U.S. and Korea, portion projecting Q3 gross of $207 cardinal to $215 million.

AI Insider Selling: Sales Hit Photronics, Credo & CoreWeave arsenic Shares Spike

Photronics (NASDAQ:PLAB) reported fiscal second-quarter 2026 gross that was astir level from a twelvemonth earlier, arsenic spot successful its show photomask concern offset a diminution successful integrated circuit gross tied to delayed semiconductor plan releases.

Chairman and Chief Executive Officer George Macricostas said planetary photomask request reflected “supportive semipermanent drivers alongside impermanent headwinds.” He pointed to beardown request for leading-edge representation and logic chips utilized successful artificial quality applications, which necessitate a ample fig of high-end photomasks. However, helium said respective factors delayed plan releases successful the adjacent term, including elevated fab utilization, representation proviso constraints and geopolitical uncertainty.

→ SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns

AI & Quantum's Next Big Winners: 3 Small-Cap Stocks to Watch successful 2026

“Given these unexpected near-term headwinds for definite spot plan releases, the seasonal betterment pursuing Chinese New Year has not occurred to the grade anticipated,” Macricostas said.

IC Revenue Falls arsenic Design Releases Slow

Total gross for the 4th was $210 million, fundamentally level twelvemonth implicit year. Integrated circuit gross declined 5% from a twelvemonth earlier to $148 cardinal and represented 70% of full revenue. Within IC, high-end products accounted for 38% of revenue, portion mainstream IC gross was $91 million.

→ Quantum Stocks Just Got a Lifeline—Who Benefits Most?

Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued

President and Chief Financial Officer Eric Rivera said gross from foundry customers was affected by respective conditions. He said higher-than-normal fab utilization constricted the quality of fabs to accommodate further plan releases from immoderate customers. He besides said immoderate spot OEMs prioritized gross and profitability from existing products, continuing wafer accumulation connected existent designs portion delaying caller releases.

Read Entire Article