PHOTRONICS INC
For the period ended May 3, 2026. Filed Jun 11, 2026.
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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.
May 3, 2026 · Filed Jun 11, 2026
PLAB$28.10-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
Statements of Income
(in thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| May 3, | May 4, | May 3, | May 4, | |
| 2026 | 2025 | 2026 | 2025 | |
| Revenue [1] | $209,940 | $210,992 | $435,006 | $423,130 |
| Cost of goods sold | 144,183 | 133,086 | 290,547 | 269,689 |
| Gross profit | 65,757 | 77,906 | 144,459 | 153,441 |
| Operating expenses: | ||||
| Selling, general, and administrative | 20,756 | 18,099 | 42,067 | 37,201 |
| Research and development | 2,822 | 4,090 | 5,410 | 8,346 |
| Total operating expenses | 23,578 | 22,189 | 47,477 | 45,547 |
| Other operating income, net | - | - | 56 | - |
| Operating income | 42,179 | 55,717 | 97,038 | 107,894 |
| Other income (expense): | ||||
| Foreign currency transactions impact, net | 7,869 | (31,111) | 20,734 | (12,668) |
| Interest income and other income, net | 3,809 | 5,329 | 10,618 | 11,915 |
| Interest expense | (1) | (4) | (2) | (52) |
| Income before income tax provision | 53,856 | 29,931 | 128,388 | 107,089 |
| Income tax provision | 10,606 | 5,714 | 24,961 | 24,615 |
| Net income | 43,250 | 24,217 | 103,427 | 82,474 |
| Net income attributable to noncontrolling interests | 11,821 | 15,356 | 29,059 | 30,762 |
| Net income attributable to Photronics, Inc. shareholders | $31,429 | $8,861 | $74,368 | $51,712 |
| Earnings per share attributable to Photronics, Inc. shareholders: | ||||
| Basic | $0.54 | $0.15 | $1.28 | $0.84 |
| Diluted | $0.54 | $0.15 | $1.27 | $0.84 |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 58,123 | 60,793 | 57,959 | 61,443 |
| Diluted | 58,745 | 60,974 | 58,568 | 61,817 |
| [1] | Revenue included $28.6 million and $67.2 million for the three and six months ended May 3, 2026, respectively, and $39.0 million and $69.7 million for the three and six months ended May 4, 2025, respectively, in each case from a related party. |
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Condensed Consolidated Statements of
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