PHOTRONICS INC — Form 8-K
Filed August 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Photronics reported Q3 FY2026 revenue of $216.0M (up 2.7% YoY, 2.9% sequentially), with GAAP net income of $28.9M ($0.49 diluted EPS) vs. $22.9M ($0.39 EPS) in Q3 FY2025. IC revenue reached $154.7M (+5% YoY and sequentially), achieving record 44% of IC revenue from high-end business. The company generated $76.3M operating cash flow and invested $37.0M in capex. Cash position stands at $672.8M ($503.5M from 50.01%-owned joint ventures). Q4 guidance: revenue $207-227M, operating margin 19-24%, non-GAAP diluted EPS $0.40-0.56.
Why this rating
Modest growth (2.7% YoY revenue), offset by margin pressure (gross margin 33.2% vs 35.4% 9M prior year). Strong cash generation and IC momentum positive, but FY guidance unchanged trajectory. Material for execution tracking; not transformational.
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