Photronics (NASDAQ:PLAB) Issues Q2 2026 Earnings Guidance

Photronics (NASDAQ:PLAB) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.490-0.550 for the period, compared to the consensus EPS estimate of 0.500. The company issued revenue guidance of $212.0 million-$220.0 million, compared to the consensus revenue estimate of $217.6 million.

Photronics Stock Performance

Shares of NASDAQ PLAB traded up $5.20 during midday trading on Wednesday, hitting $43.19. 2,003,917 shares of the stock traded hands, compared to its average volume of 1,194,961. Photronics has a one year low of $16.46 and a one year high of $45.40. The firm has a market capitalization of $2.55 billion, a P/E ratio of 18.86 and a beta of 1.52. The firm has a 50-day moving average of $35.06 and a two-hundred day moving average of $27.66.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. Photronics had a net margin of 16.06% and a return on equity of 7.87%. The firm had revenue of $225.07 million for the quarter, compared to the consensus estimate of $220.09 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Photronics has set its Q2 2026 guidance at 0.490-0.550 EPS. Equities analysts forecast that Photronics will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLAB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. DA Davidson boosted their target price on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Craig Hallum increased their price target on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Zacks Research lowered Photronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Insider Activity at Photronics

In other Photronics news, EVP Christopher J. Progler sold 25,000 shares of Photronics stock in a transaction on Friday, December 12th. The stock was sold at an average price of $35.78, for a total transaction of $894,500.00. Following the sale, the executive vice president owned 165,591 shares of the company’s stock, valued at $5,924,845.98. The trade was a 13.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kang Jyh Lee sold 20,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $38.53, for a total value of $770,600.00. Following the transaction, the director owned 493,350 shares of the company’s stock, valued at $19,008,775.50. This trade represents a 3.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 181,250 shares of company stock worth $6,317,150. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Photronics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in shares of Photronics by 395.9% during the fourth quarter. Invesco Ltd. now owns 1,536,374 shares of the semiconductor company’s stock valued at $49,164,000 after purchasing an additional 1,226,588 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Photronics by 7.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,849 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 1,346 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Photronics during the fourth quarter worth $390,000. Empowered Funds LLC boosted its position in Photronics by 1.0% during the fourth quarter. Empowered Funds LLC now owns 285,602 shares of the semiconductor company’s stock valued at $9,139,000 after purchasing an additional 2,828 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Photronics in the fourth quarter valued at about $969,000. Institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.