Filing Flows › Photronics (PLAB) › Q2 FY25
Photronics (PLAB) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 11, 2025
Photronics (PLAB) reported revenue of $211M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -0.5% from the quarter before. Operating margin was 26.4%, net earnings $8.9M (4.2% of revenue).
Photronics, Q2 FY25: revenue $211M (-3% year over year), operating margin 26.4%, net earnings $8.9M, operating cash flow $31.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | -0.5% | -3% |
| Gross profit | $77.9M | +3% | -2% |
| Operating profit | $55.7M | +7% | -0.6% |
| Net earnings | $8.9M | -79% | -76% |
| Operating cash flow | $31.5M | -60% | -59% |
What changed
Revenue was $211.0M in Q2 FY25, down 3% year over year and down 1% from the previous quarter. Mainstream was the largest line at 46% of revenue. Mainstream lost $6.3M year over year (down 6%), 105% of the total change.
Gross margin was 36.9%, up 0.4 points from a year earlier. Operating profit was $55.7M, a 26.4% margin (up 0.6 points year over year). Operating expenses fell 4% while revenue fell 3%. Net earnings were $8.9M, down 76% year over year. The effective tax rate was 19.1%.
Operating cash flow was $31.5M (down 59% year over year), 130% of net income including minority interests. Non-cash charges added back $19.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $15.7M. Capital expenditures of $60.5M exceeded it, leaving free cash flow of −$29.1M.
Questions
What was Photronics' revenue in the second quarter fiscal 2025?
Photronics (PLAB) reported revenue of $211M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -0.5% from the quarter before.
Was Photronics profitable in the second quarter fiscal 2025?
Operating profit was $55.7M (26.4% of revenue) and net earnings $8.9M.
Source: Photronics 10-Q on SEC EDGAR.