Photronics Q1 revenue rises 6.1%; aims to diversify revenue mix through facility expansion

Photronics

25/02/2026 12:15

Overview

Photomask maker's fiscal Q1 revenue rose 6.1% yr/yr

Adjusted EPS for fiscal Q1 increased to $0.61

Company achieved record high-end IC revenue, continues facility expansion

Outlook

Photronics expects Q2 revenue between $212 mln and $220 mln

Company forecasts Q2 non-GAAP EPS between $0.49 and $0.55

Photronics aims to diversify revenue mix through facility expansion

Result Drivers

HIGH-END IC REVENUE - Achieved record high-end IC revenue for the second consecutive quarter, contributing to overall revenue growth

FACILITY EXPANSION - Ongoing facility expansion plans are expected to diversify geographic revenue mix

CASH FLOW AND INVESTMENT - Generated $97.3 mln in cash from operations, reinvesting $47.6 mln in capital expenditures for growth

Company press release: ID:nGNX6zjKqM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$225.07 mln
$220.64 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$0.61
$0.54 (2 Analysts)
Q1 Net Income
$60.18 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

Wall Street's median 12-month price target for Photronics Inc is $42.35, about 11.5% above its February 24 closing price of $37.99

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)