Photronics Reports Q2 EPS Miss by 20% and Cuts Q3 Guidance Significantly
PLAB has more than doubled off its 52-week low of $16.59.
Summary
Photronics missed Q2 earnings and revenue estimates and provided Q3 guidance significantly below analyst expectations, citing industry headwinds.
Key Events · Earnings and Guidance · PLAB
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Q2 Non-GAAP EPS Miss
Second-quarter non-GAAP diluted EPS of $0.42 missed analyst estimates of $0.53 by approximately 20%.
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Q2 Revenue Miss
Second-quarter revenue of $209.9 million missed analyst estimates of $216.47 million by approximately 3%.
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Q3 EPS Guidance Cut
Third-quarter non-GAAP diluted EPS guidance of $0.39-$0.45 (midpoint $0.42) is approximately 20% below analyst estimates of $0.53.
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Q3 Revenue Guidance Cut
Third-quarter revenue guidance of $207M-$215M (midpoint $211M) is approximately 2.5% below analyst estimates of $216.47M.
Analysis · PLAB · Manufacturing
Photronics reported second-quarter results that missed analyst expectations for both revenue and non-GAAP EPS. The company's non-GAAP diluted EPS of $0.42 was approximately 20% below the consensus estimate of $0.53. Furthermore, Photronics issued third-quarter guidance for non-GAAP diluted EPS of $0.39-$0.45 (midpoint $0.42) and revenue of $207M-$215M (midpoint $211M), both of which are significantly below analyst estimates of $0.53 EPS and $216.47M revenue. The CEO cited temporary headwinds including delayed design releases, elevated fab utilization rates, memory supply constraints, and geopolitical uncertainty as factors impacting performance and outlook.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PLAB was trading at $40.19 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $16.59 to $56.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.