PHOTRONICS INC

For the period ended Aug 3, 2025. Filed Sep 9, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Aug 3, 2025 · Filed Sep 9, 2025

PLAB$28.10-2.8%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

	Three Months Ended		Nine Months Ended
	August 3,	July 28,	August 3,	July 28,
	2025	2024	2025	2024
Revenue	$210,394	$210,984	$633,524	$644,318
Cost of goods sold	139,539	135,846	409,228	410,674
Gross profit	70,855	75,138	224,296	233,644
Operating expenses:
Selling, general, and administrative	18,423	19,436	55,624	56,753
Research and development	4,271	3,555	12,618	11,291
Total operating expenses	22,694	22,991	68,242	68,044
Other operating income, net	-	1	-	90
Operating income	48,161	52,148	156,054	165,690
Other income (expense):
Foreign currency transactions impact, net	(14,258)	4,068	(26,925)	9,926
Interest income and other income, net	4,830	6,135	16,745	17,263
Interest expense	-	(58)	(52)	(258)
Income before income tax provision	38,733	62,293	145,822	192,621
Income tax provision	9,594	14,124	34,209	48,998
Net income	29,139	48,169	111,613	143,623
Net income attributable to noncontrolling interests	6,248	13,781	37,009	46,804
Net income attributable to Photronics, Inc. shareholders	$22,891	$34,388	$74,604	$96,819
Earnings per share:
Basic	$0.40	$0.56	$1.24	$1.57
Diluted	$0.39	$0.55	$1.23	$1.55
Weighted-average number of common shares outstanding:
Basic	57,937	61,815	60,274	61,681
Diluted	58,068	62,414	60,567	62,369

Condensed Consolidated Statements of Comprehensive Income

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.