Filing Flows › Photronics (PLAB) › Q3 FY26 › vs Q2 FY26
Photronics (PLAB) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Photronics's revenue rose $6.1M (+3%) from $210M in Q2 FY26 to $216M in Q3 FY26. The biggest changes: Integrated Circuits +$7.2M (+5%); Flat Panel Displays −$1.1M (-2%). Gross margin 33.2% against 31.3% (+1.9 pts).
Photronics, Q3 FY26: revenue $216M (+3% year over year), operating margin 21.1%, net earnings $28.9M, operating cash flow $76.3M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 33.2% | 31.3% | +1.9 pts |
| Operating margin | 21.1% | 20.1% | +1.0 pts |
| Net margin | 13.4% | 15.0% | -1.6 pts |
| Free cash flow margin | 18.2% | 0.6% | +17.6 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Mainstream Integrated Circuits | $86.2M | $90.9M | −$4.7M | -5% |
| High End Integrated Circuits | $68.5M | $56.7M | $11.9M | +21% |
| High End Flat Panel Displays | $52.3M | $52.8M | −$517K | -1% |
| Mainstream Flat Panel Displays | $9.1M | $9.6M | −$540K | -6% |
| Integrated Circuits | $155M | $148M | $7.2M | +5% |
| Flat Panel Displays | $61.4M | $62.4M | −$1.1M | -2% |
| Revenue | $216M | $210M | $6.1M | +3% |
| Gross profit | $71.7M | $65.8M | $6.0M | +9% |
| Cost of revenue | $144M | $144M | $130K | +0.1% |
| Other income, net | $9.4M | $11.7M | −$2.3M | -20% |
| Operating profit | $45.5M | $42.2M | $3.3M | +8% |
| Operating expenses | $26.2M | $23.6M | $2.7M | +11% |
| Pre-tax earnings | $54.9M | $53.9M | $1.0M | +2% |
| Research & development | $3.7M | $2.8M | $885K | +31% |
| SG&A | $22.5M | $20.8M | $1.8M | +9% |
| Net earnings | $28.9M | $31.4M | −$2.5M | -8% |
| Minority interests | $15.0M | $11.8M | $3.1M | +27% |
| Income tax | $11.0M | $10.6M | $383K | +4% |
| Depreciation & amortization | $21.0M | $20.0M | $996K | +5% |
| Share-based compensation | $3.9M | $3.7M | $136K | +4% |
| Working capital & other | $22.5M | −$8.1M | $30.7M | — |
| Operating cash flow | $76.3M | $47.0M | $29.3M | +62% |
| Free cash flow (OCF − capex) | $39.4M | $1.2M | $38.1M | 32× |
| Capital expenditures | $37.0M | $45.8M | −$8.8M | -19% |
Questions
How much did Photronics's revenue grow quarter over quarter in Q3 FY26?
Photronics's revenue rose $6.1M (+3%) from $210M in Q2 FY26 to $216M in Q3 FY26.
What drove Photronics's revenue change in Q3 FY26?
Integrated Circuits +$7.2M (+5%); Flat Panel Displays −$1.1M (-2%).