<div><div></div><div><span><p><span>Photronics Inc reported second-quarter 2026 results with revenue of $209.94M, roughly flat year-over-year, while net income and diluted earnings per share rose sharply to $31.43M and $0.54, respectively.</span></p><p><strong><span>Financial Highlights</span></strong></p><div><table><tbody><tr><td><span>Metric</span></td><td><span>Current quarter</span></td><td><span>Prior year quarter</span></td><td><span>YoY change</span></td></tr><tr><td><span>Revenue¹</span></td><td><span>$209.94M</span></td><td><span>$210.99M</span></td><td><span>(0.5%)</span></td></tr><tr><td><span>Net income²</span></td><td><span>$31.43M</span></td><td><span>$8.86M</span></td><td><span>254.7%</span></td></tr><tr><td><span>Diluted EPS³</span></td><td><span>$0.54</span></td><td><span>$0.15</span></td><td><span>260%</span></td></tr></tbody></table></div><p><em><span>¹ Reported as “Revenue [1]”. ² Reported as “Net income attributable to Photronics, Inc. shareholders”. ³ Reported as “Earnings per share attributable to Photronics, Inc. shareholders”.</span></em></p><p><strong><span>Business Highlights</span></strong></p><ul><li><span>Revenue trend: Q2 revenue of $209.9M was down 6.7% sequentially and (0.5%) year-over-year, weighed by softer integrated circuit (IC) demand while flat-panel display (FPD) sales strengthened.</span></li><li><span>Product mix shift: Growth in high-end FPD sales largely offset declines in IC revenue; high-end IC demand remained softer due to delayed design releases.</span></li><li><span>Capital investment: Fiscal 2026 capital expenditures are expected to be about $330M to expand high-end and mainstream capacity, with roughly $211M already committed.</span></li><li><span>Margins and costs: Gross margin contracted to 31.3% in Q2, pressured by an unfavorable product mix and higher labor, material and manufacturing costs.</span></li><li><span>FX and cash: Foreign-exchange movements in NTD and KRW significantly affected other income and cash balances, with a sizable portion of cash held in foreign subsidiaries.</span></li></ul><p><span>Original SEC Filing: </span>PHOTRONICS INC [ PLAB ] - 10-Q - Jun. 11, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

PLAB

<p>Photronics Inc reported Q2 2026 revenue of $209.94M, down 0.5% year-over-year, while net income surged 254.7% to $31.43M and diluted EPS rose 260% to $0.54. Revenue was weighed by softer integrated circuit demand but supported by strong flat-panel display sales. Gross margin contracted to 31.3% due to unfavorable product mix and higher costs. The company expects fiscal 2026 capital expenditures of approximately $330M.</p>

Photronics Inc 2Q 2026: Revenue $209.94M, EPS $0.54— 10-Q Summary