Photronics Q2 FY26 net income attributable to shareholders drops 26.8% to $31.43 million; revenue slips 0.5% to $209.9 million

Photronics

Photronics

PLAB

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  • Photronics posted Q2 FY26 net income attributable to shareholders of $31.43 million, swinging from $8.86 million in Q2 FY25.
  • Revenue slipped 0.5% from Q2 FY25 to $209.9 million, reflecting a 5.4% drop in IC sales to $147.5 million.
  • FPD revenue climbed 13.3% from Q2 FY25 to $62.4 million, driven by higher demand for high-end products in Asia IT displays.
  • Gross margin narrowed 5.6 percentage points from Q2 FY25 to 31.3%, on higher labor and benefits, material, and manufacturing costs.
  • Cash and cash equivalents rose to $511.5 million as of May 3, 2026; capital expenditure payments are expected to total about $330 million in FY26.


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