Semiconductor component maker Photronics beat Q3 revenue, adjusted EPS estimates

Photronics

27/08/2025 12:10

Overview

Photronics fiscal Q3 revenue down 0.3% yr/yr, beats analyst expectations

Adjusted EPS for fiscal Q3 beats consensus

Co increases share repurchase authorization by $25 mln

Outlook

Photronics expects Q4 revenue between $201 mln and $209 mln

Company forecasts Q4 non-GAAP EPS between $0.42 and $0.48

Photronics focuses on operational efficiency and geographic diversification

Result Drivers

IC REVENUE DECLINE - Integrated circuit revenue fell 5% year-over-year and sequentially, impacting overall revenue

FPD REVENUE GROWTH - Flat panel display revenue increased 14% from the same quarter last year and sequentially, partially offsetting IC revenue decline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$210.39 mln
$204.60 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$0.51
$0.38 (3 Analysts)
Q3 Net Income
$29.14 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $31.65, about 29.6% above its August 26 closing price of $22.27

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX2CFmyz

(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.)