The strong EPS beat and in-line guidance confirm a demand recovery in the photomask market, particularly in high-end IC. Monitor Q4 revenue for a potential beat toward the upper end of guidance, which would signal sustained momentum.
Price Chart
Executive Summary
Photronics (PLAB) reported Q3 FY2026 non-GAAP EPS of $0.50, a 24% beat vs. the $0.40 consensus, on revenue of $216.0M (+2.7% YoY) which beat the $208.7M estimate. The beat was driven by a recovery in delayed semiconductor design releases, with IC revenue up 5% YoY and a record 44% of IC revenue from high-end products. Guidance for Q4 revenue ($207M-$227M) and non-GAAP EPS ($0.40-$0.56) brackets consensus, signaling a steady operational trajectory but no acceleration.
Key Financial Metrics
Key Facts
- Revenue of $216.0M beat consensus of $208.7M and grew 2.7% YoY.
- Non-GAAP EPS of $0.50 beat consensus of $0.40 by 24.0%.
- IC revenue of $154.7M grew 5% YoY, with high-end IC at a record 44% of total IC revenue.
- Q4 guidance: revenue $207M-$227M and non-GAAP EPS $0.40-$0.56, bracketing consensus.
- Operating cash flow was $76.3M, with $37.0M in capex.
Financial Impact
EPS beat of $0.10 (24%) on a $1.7B market cap; revenue beat of ~$7.3M (3.5%)
Risk Factors
- Geopolitical uncertainty and high fab utilization rates could delay future design releases.
- FPD revenue declined 2% YoY, indicating ongoing weakness in that segment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000810136-26-000006 |
| Document: 0000810136-26-000006-index.html | 0000810136-26-000006 |
| Document: 0000810136-26-000006.txt | 0000810136-26-000006 |
| 8-K Data (Synthetic) | 0000810136-26-000006 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | Insider Cluster | $31.49 | awaiting T+60 | — | $28.82 (+8.48%) |
Oct 1, 2026 25d ago | Insider Cluster | $31.49 | awaiting T+60 | — | $28.82 (+8.48%) |
Sep 29, 2026 27d ago | Insider Cluster | $30.78 | awaiting T+60 | — | $28.82 (+6.37%) |
Aug 26, 2026 8w ago | 8-K | $30.25 | awaiting T+60 | — | $28.82 (−4.73%) |
Aug 12, 2026 10w ago | Press Release | $33.48 | awaiting T+60 | — | $28.82 (−13.92%) |
May 28, 2026 21w ago | 8-K | $34.02 $30.51 | ▲ +10.32% | ▲ +12.05% | $28.82 (+15.29%) |
May 14, 2026 23w ago | Press Release | $50.02 $32.99 | ▼ −34.05% | ▼ −38.56% | $28.82 (−42.38%) |
May 13, 2026 23w ago | Press Release | $51.86 $32.65 | ▼ −37.04% | ▼ −41.48% | $28.82 (−44.43%) |
Apr 17, 2026 27w ago | 144 | $48.38 $29.47 | ▼ −39.09% | ▼ −45.23% | $28.82 (−40.43%) |
Apr 13, 2026 28w ago | Insider Cluster | $45.71 $29.90 | ▲ +34.59% | ▲ +43.30% | $28.82 (+36.95%) |
US Market Status
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