Filing Flows

Filing Flows › Technology › Photronics (PLAB)

Photronics (PLAB) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Sep 10, 2026 · Photronics (PLAB) Q3 FY26 earnings results →

Q3 FY26 Revenue up 3% year over year to $216M · 13¢ of every $1 of revenue kept as net profit · operating margin 21.1%

Photronics made $216M in Q3 FY26 (+3% Y/Y): Integrated Circuits $155M, Flat Panel Displays $61.4M. Operating margin 21.1%, net earnings $28.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$216M
Year over year+3%
Operating margin21.1%
Net earnings$28.9M
Operating cash flow$76.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $216.0M in Q3 FY26, up 3% year over year and up 3% from the previous quarter. Mainstream Integrated Circuits was the largest line at 40% of revenue. High End Integrated Circuits added $14.9M year over year (up 28%), 263% of the total change. Mainstream Integrated Circuits declined 9%.

Gross margin was 33.2%, down 0.5 points from Q3 FY25. Operating profit was $45.5M, a 21.1% margin (down 1.8 points year over year). Operating profit fell $2.7M even though revenue rose $5.7M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 3%. The fastest-growing cost line was SG&A (+22%). Net earnings were $28.9M, up 26% year over year. The effective tax rate was 20.0%.

Operating cash flow was $76.3M (up 52% year over year), 174% of net income including minority interests. Non-cash charges added back $21.0M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $7.6M. Capital expenditures of $37.0M left free cash flow of $39.4M.

Quarterly history

Photronics revenue by quarterPhotronics revenue by quarter$223MQ4 FY24$211MQ2 FY25$210MQ3 FY25$216MQ4 FY25$225MQ1 FY26$210MQ2 FY26$216MQ3 FY26
Photronics net earnings by quarterPhotronics net earnings by quarter$33.9MQ4 FY24$8.9MQ2 FY25$22.9MQ3 FY25$61.8MQ4 FY25$42.9MQ1 FY26$31.4MQ2 FY26$28.9MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QSep 10, 2026$216M+3%21.1%$28.9M$76.3M
Q2 FY2610-QJun 11, 2026$210M-0.5%20.1%$31.4M$47.0M
Q1 FY2610-QMar 11, 2026$225M+6%24.4%$42.9M$97.3M
Q4 FY2510-KDec 17, 2025$216M-3%24.1%$61.8M$87.8M
Q3 FY2510-QSep 9, 2025$210M-0.3%22.9%$22.9M$50.1M
Q2 FY2510-QJun 11, 2025$211M-3%26.4%$8.9M$31.5M
Q4 FY2410-KDec 19, 2024$223M-2%25.1%$33.9M$68.4M

Charts

Photronics: revenue growth, year over year and quarter over quarterPhotronics: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q4 FY24-3%-5%Q2 FY250%0%Q3 FY25-3%+3%Q4 FY25+6%+4%Q1 FY260%-7%Q2 FY26+3%+3%Q3 FY26
Latest (Q3 FY26): Y/Y +3%, Q/Q +3%.
Photronics: where the cash came from (+) and went (−), TTM to Q3 FY26Photronics: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$308MCapital spending−$198MCash drawn (+) / kept (−)−$69.9MExchange rates−$22.2MOther investing−$18.1MOther financing−$1.8MShares issued$1.4MNet borrowing (+) / repaid (−)−$11K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Photronics: profit against cash, quarter by quarterPhotronics: profit against cash, quarter by quarterNet incomeOperating cash flow$40.2M$68.4MQ4 FY24$58.3M$78.5MQ1 FY25$24.2M$31.5MQ2 FY25$29.1M$50.1MQ3 FY25$78.6M$87.8MQ4 FY25$60.2M$97.3MQ1 FY26$43.2M$47.0MQ2 FY26$43.9M$76.3MQ3 FY26
Latest (Q3 FY26): Net income $43.9M, Operating cash flow $76.3M.
Photronics: diluted shares by fiscal yearPhotronics: diluted shares by fiscal year65MFY2062MFY2161MFY2262MFY2362MFY2460MFY25
-8.5% since FY20: buybacks shrank the count.
Photronics in its industry: growth against margin (80 companies, SIC 3674)Photronics in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRPLAB (+3%, 21%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Photronics

Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks , which are high precision photographic quartz or glass plates that contain microscopic images of electronic circuits. Photomasks are a key element in the manufacture of ICs and FPDs and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates. Founded in 1969, Photronics has been a trusted photomask supplier for over 56 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the company can be accessed at www.photronics.com .

In its own words, from its 8-K, filed Aug 26, 2026.

Photronics against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +40%. Operating margin: 21.1% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
PLAB PhotronicsQ3 FY26$216M+3%21.1%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: Photronics 10-Q on SEC EDGAR · CIK 810136 · Semiconductors & Related Devices

13F: who owns PLAB and who is buying

Largest holders of PLAB (13F)Largest holders of PLAB (13F)BlackRock$309MVanguard Group$181MDimensional Fund Advisors LP$118MAmerican Century Companies$110MVanguard Portfolio Management LLC$96.7MVanguard Capital Management LLC$81.4MState Street$76.1MGeode Capital Management, LLC$70.5MInvesco$59.9MPrice T Rowe Associates$51.1M
Funds' net buying of PLAB by quarter (13F)Funds' net buying of PLAB by quarter (13F)$2.4M2024-09$37.5M2024-12−$20.5M2025-03−$26.8M2025-06−$21.4M2025-09$24.7M2025-12$25.4M2026-03$14.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PLAB

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

Compare PLAB with

中文版：Photronics（PLAB）财报

Español · Français