Photronics Q3 revenue and adjusted EPS beat estimates

Photronics

26/08/2026 12:10

Overview
US photomask maker's fiscal Q3 revenue rose 2.7% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 also topped consensus
Company saw recovery in delayed semiconductor design releases, boosting high-end IC business

Outlook
Photronics expects Q4 revenue between $207 mln and $227 mln
Company sees Q4 operating margin between 19% and 24%
Photronics forecasts Q4 non-GAAP diluted EPS of $0.40 to $0.56

Result Drivers
SEMICONDUCTOR DESIGN RECOVERY - Co said recovery of delayed semiconductor design releases supported Q3 results
HIGH-END IC GROWTH - High fab utilization rates and node migration trends led to record high-end IC revenue, per CEO George Macricostas
CAPITAL INVESTMENTS - Co said investments in U.S. and Korea remain on track to strengthen high-end market position

Company press release: ID:nGNX8s8dVq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$216.05 mln
$208.84 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$0.50
$0.40 (3 Analysts)
Q3 Net Income 
 
$43.88 mln
 
Q3 Net Income Attributable
 
$28.92  mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $43.00, about 46.7% above its August 25 closing price of $29.32
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Aug 25 - Semtech Q2 sales, adjusted EPS beat estimates on strong bookings
Aug 26 - Singapore's Avi-Tech posts FY26 loss on soft semiconductor demand
Aug 24 - Xiaomi launches new Xring chip, partners with TSMC for production, sources say

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.)