Photronics Q3 Beats Estimates, Guides FQ4 Revenue to $207M-$227M
PLAB sits 47% above its 52-week low of $20.05.
Summary
Photronics reported fiscal Q3 revenue of $216.0M and non-GAAP EPS of $0.50, beating consensus, and guided FQ4 revenue to $207M-$227M. The results show recovery from Q2's delayed design releases.
Key Events · Earnings and Guidance · PLAB
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Q3 Revenue and EPS Beat
Revenue of $216.0M beat the $208.84M consensus, up 2.7% YoY and 2.9% QoQ. Non-GAAP diluted EPS of $0.50 exceeded expectations, driven by recovery of delayed semiconductor design releases.
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FQ4 Guidance Issued
Company guided FQ4 revenue to $207M-$227M, operating margin to 19%-24%, and non-GAAP diluted EPS to $0.40-$0.56, indicating continued momentum.
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Strong Balance Sheet
Cash and short-term investments totaled $672.8M with only $3.9M in debt. Operating cash flow was $76.3M in the quarter, representing 35% of revenue.
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Capex and Expansion Update
Full-year FY26 capex guidance set at $255M-$305M. Allen, TX facility expected to recognize initial revenue in FQ4 2026; Korea 8nm capability extension on track.
Analysis · PLAB · Manufacturing
Photronics delivered a strong fiscal Q3 with revenue of $216.0M, up 2.7% year-over-year and 2.9% sequentially, beating the $208.84M consensus. Non-GAAP diluted EPS of $0.50 also exceeded expectations. The company guided FQ4 revenue to $207M-$227M and non-GAAP EPS to $0.40-$0.56, signaling continued recovery from the Q2 design-release delays. This comes against a backdrop of a securities class action filed earlier this month and an ongoing Hagens Berman investigation, making the earnings beat and forward guidance particularly important for investor sentiment.
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In the 30 days to Aug 26, 2026, 29.6% of the 2932 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PLAB was trading at $29.50 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $20.05 to $56.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.