Photronics (PLAB) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 27, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

0.46

Last Year’s EPS

0.51

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 28, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed picture: solid profitability, strong display performance (+13% YoY), healthy operating cash flow (22% of revenue), a robust cash position, and strategic investments (U.S. and Korea expansions, new FPD tool) that position the company for long-term growth in high-end masks. Offsetting these positives were near-term headwinds in the core IC business (IC revenue down 5% YoY), delayed design releases driven by high fab utilization, memory supply/price pressures and geopolitical uncertainty, limited visibility (1–3 week backlog), and elevated CapEx that could weigh on near-term returns if weakness persists. Overall, the company appears strategically well-positioned for medium- to long-term growth but faces meaningful short-term demand and execution risks.

Company Guidance

Management guided fiscal Q3 revenue of $207–$215 million, an operating margin of 18%–20% and non‑GAAP diluted EPS of $0.39–$0.45; this outlook follows fiscal Q2 results of $210M revenue (IC $148M, 70% of revenue, down 5% YoY; high‑end = 38% of IC; mainstream IC $91M; FPD $62M, +13% YoY), Q2 gross margin 31%, operating margin 20%, GAAP diluted EPS $0.54 (non‑GAAP ex‑FX $0.42), operating cash flow $47M (22% of revenue) and Q2 CapEx $46M, with company reiterating fiscal 2026 CapEx guidance of $330M, total cash & short‑term investments of $638M (including $477M in JVs at 50.01% ownership), a typical backlog of 1–3 weeks, and expectations for initial U.S. revenue late in FY2026 and initial Korea expansion revenue by end of FY2027 amid limited near‑term visibility.

Total Revenue Stable Year-over-Year

Total fiscal Q2 revenue of $210 million was essentially flat year-over-year, demonstrating resilience despite near-term industry headwinds.

Display (FPD) Strength and Growth

FPD revenue of $62 million increased 13% year-over-year and was described as one of the strongest quarters in the history of the display business, driven by complex larger mask sizes and AMOLED differentiation.

Solid Profitability Metrics

Gross margin of 31% and operating margin of 20% in Q2, with diluted GAAP EPS of $0.54 and non-GAAP diluted EPS (ex-FX) of $0.42, reflecting profitable operations and favorable product mix contribution from display.

Strong Operating Cash Flow and Liquidity

Operating cash flow of $47 million in the quarter (22% of revenue). Total cash and short-term investments remained steady at $638 million (including $477 million held in joint ventures).

Strategic Capital Investments Underway

Elevated CapEx of $46 million in the quarter and maintained fiscal 2026 CapEx guidance of $330 million to fund strategic expansions: Allen (U.S.) qualification masks beginning, Korea clean room preparation for 8-nm and below, and Boise qualified for 7-nm—positioning the company for higher ASP, advanced-node demand and geographic diversification.

FPD Production Upside and Tool Deployment

New FPD mask writer entering production to maximize G8.6 AMOLED opportunity, positioning the company to capture higher-ASP display mask layers expected to be more widely adopted later in the calendar year.

Near-Term Order Recoveries Observed

Management noted signs of order recovery since the beginning of May and remains optimistic about mid-term demand for leading-edge memory and logic chips tied to AI applications.

Photronics (PLAB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PLAB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2026	2026 (Q3)	0.46 / -	0.51	―	―	―
May 28, 2026	2026 (Q2)	0.53 / 0.42	0.4	5.00% (+0.02)
Feb 25, 2026	2026 (Q1)	0.54 / 0.61	0.52	17.31% (+0.09)
Dec 10, 2025	2025 (Q4)	0.45 / 0.60	0.59	1.69% (+0.01)
Aug 27, 2025	2025 (Q3)	0.38 / 0.51	0.51	0.00% (0.00)
May 28, 2025	2025 (Q2)	0.48 / 0.40	0.46	-13.04% (-0.06)
Feb 26, 2025	2025 (Q1)	0.47 / 0.52	0.48	8.33% (+0.04)
Dec 11, 2024	2024 (Q4)	0.52 / 0.59	0.6	-1.67% (-0.01)
Aug 29, 2024	2024 (Q3)	0.56 / 0.51	0.51	0.00% (0.00)
May 22, 2024	2024 (Q2)	0.55 / 0.46	0.54	-14.81% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PLAB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2026	$53.51	$34.02	-36.42%
Feb 25, 2026	$37.99	$43.57	+14.69%
Dec 10, 2025	$25.69	$37.35	+45.39%
Aug 27, 2025	$22.27	$23.97	+7.63%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.