Filing Flows › Photronics (PLAB) › Q3 FY26
Photronics (PLAB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Sep 10, 2026
Photronics (PLAB) reported revenue of $216M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +3% from the quarter before. Operating margin was 21.1%, net earnings $28.9M (13.4% of revenue).
Photronics, Q3 FY26: revenue $216M (+3% year over year), operating margin 21.1%, net earnings $28.9M, operating cash flow $76.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | +3% | +3% |
| Gross profit | $71.7M | +9% | +1% |
| Operating profit | $45.5M | +8% | -6% |
| Net earnings | $28.9M | -8% | +26% |
| Operating cash flow | $76.3M | +62% | +52% |
| Free cash flow | $39.4M | 32× | +56% |
What changed
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.
Questions
What was Photronics' revenue in the third quarter fiscal 2026?
Photronics (PLAB) reported revenue of $216M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +3% from the quarter before.
Was Photronics profitable in the third quarter fiscal 2026?
Operating profit was $45.5M (21.1% of revenue) and net earnings $28.9M.
Source: Photronics 10-Q on SEC EDGAR.