Photronics (PLAB) News Today

Photronics (NASDAQ:PLAB) shares rose after the company delivered better-than-expected third-quarter results, highlighted strong growth in its flat panel display business, and raised its share repurchase authorization. Management’s commentary on efficiency initiatives and an above-consensus fourth-quarter EPS outlook helped offset a slight year-over-year revenue decline and weakness in the integrated circuit segment.

• Positive Sentiment: Beat estimates with Q3 non-GAAP EPS of $0.51 vs. consensus $0.39 and revenue of $210.4 M vs. $204.3 M expected. MarketBeat Earnings Report
• Positive Sentiment: Flat panel display segment revenue surged 14% year-over-year and sequentially, underscoring strength in that business. Photronics Posts 14% FPD Jump in Q3
• Positive Sentiment: CEO emphasized a focus on operational efficiency and geographic diversification to drive long-term revenue and earnings growth. Photronics Sees Bright Outlook As CEO Emphasizes Focus On Efficiency And Growth
• Positive Sentiment: Board approved a $25 M increase to the share repurchase authorization, signaling confidence in cash generation. QuiverQuant Q3 Results
• Positive Sentiment: Fourth-quarter EPS guidance of $0.42–$0.48 per share exceeds the $0.417 consensus, reflecting margin visibility.
• Neutral Sentiment: Revenue guidance of $201 M–$209 M for Q4 is slightly below the $208.4 M consensus, suggesting caution on near-term top-line growth.
• Neutral Sentiment: Overall revenue was down 0.3% year-over-year, highlighting a flat top line after strong FPD gains offset by other areas. GlobeNewswire Release
• Neutral Sentiment: Analysts maintain a bullish stance with a median price target of $31.0, supported by two recent buy ratings.
• Negative Sentiment: Integrated circuit segment revenue declined 5% both year-over-year and sequentially, reflecting softness in its largest business line.
• Negative Sentiment: GAAP net income fell from $34.4 M in Q3 2024 to $22.9 M in Q3 2025, driven by FX headwinds and margin pressure.