Filing Flows › Photronics (PLAB) › Q3 FY26 › vs Q3 FY25
Photronics (PLAB) Q3 FY26 vs Q3 FY25 (year over year)
Photronics's revenue rose $5.7M (+3%) from $210M in Q3 FY25 to $216M in Q3 FY26. The biggest changes: Integrated Circuits +$6.8M (+5%); Flat Panel Displays −$1.2M (-2%). Gross margin 33.2% against 33.7% (-0.5 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 33.2% | 33.7% | -0.5 pts |
| Operating margin | 21.1% | 22.9% | -1.8 pts |
| Net margin | 13.4% | 10.9% | +2.5 pts |
| Free cash flow margin | 18.2% | 12.0% | +6.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Mainstream Integrated Circuits | $86.2M | $94.2M | −$8.0M | -9% |
| High End Integrated Circuits | $68.5M | $53.6M | $14.9M | +28% |
| High End Flat Panel Displays | $52.3M | $53.5M | −$1.2M | -2% |
| Mainstream Flat Panel Displays | $9.1M | $9.1M | −$19K | -0.2% |
| Integrated Circuits | $155M | $148M | $6.8M | +5% |
| Flat Panel Displays | $61.4M | $62.6M | −$1.2M | -2% |
| Revenue | $216M | $210M | $5.7M | +3% |
| Gross profit | $71.7M | $70.9M | $879K | +1% |
| Cost of revenue | $144M | $140M | $4.8M | +3% |
| Other income, net | $9.4M | −$9.4M | $18.8M | — |
| Operating profit | $45.5M | $48.2M | −$2.7M | -6% |
| Operating expenses | $26.2M | $22.7M | $3.5M | +16% |
| Pre-tax earnings | $54.9M | $38.7M | $16.1M | +42% |
| Research & development | $3.7M | $4.3M | −$564K | -13% |
| SG&A | $22.5M | $18.4M | $4.1M | +22% |
| Net earnings | $28.9M | $22.9M | $6.0M | +26% |
| Minority interests | $15.0M | $6.2M | $8.7M | +140% |
| Income tax | $11.0M | $9.6M | $1.4M | +15% |
| Depreciation & amortization | $21.0M | $18.8M | $2.2M | +11% |
| Share-based compensation | $3.9M | $3.3M | $568K | +17% |
| Working capital & other | $22.5M | $5.0M | $17.5M | +349% |
| Operating cash flow | $76.3M | $50.1M | $26.3M | +52% |
| Free cash flow (OCF − capex) | $39.4M | $25.2M | $14.1M | +56% |
| Capital expenditures | $37.0M | $24.8M | $12.1M | +49% |
Questions
How much did Photronics's revenue grow year over year in Q3 FY26?
Photronics's revenue rose $5.7M (+3%) from $210M in Q3 FY25 to $216M in Q3 FY26.
What drove Photronics's revenue change in Q3 FY26?
Integrated Circuits +$6.8M (+5%); Flat Panel Displays −$1.2M (-2%).