PLAB
Photronics, Inc.

Photronics, Inc.PLAB

Technology · Semiconductor Equipment & Materials
27.36USD
+7.29%
Nov 08, 2026
PLAB overview ready
Photomask supplier enabling semiconductor and flat panel display manufacturing
Photronics, Inc. manufactures and sells photomask products and related services used to transfer circuit patterns onto semiconductor wafers and flat panel display substrates, operating globally through subsidiaries and direct sales.
Theme not measured
No economic group is assigned yet.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Market Nov 6Filing Aug 2Price action Nov 7

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction5.4BusinessPerformance5.0BusinessQuality8.0Valuation7.7ThemeMomentum—Mixed — Revenue growth has accelerated, rising from -0.5% to +2.7% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$1.6B
Avg Volume (60D)
830.9K
60 sessions
Revenue Growth YoY
-2.0%
FY2025 vs FY2024
Gross Margin
+33.7%
Trailing twelve months
Operating Margin
+22.5%
Trailing twelve months
Free Cash Flow Yield
+6.8%
Distance from 200DMA
-22.4%
Next Earnings
2026-12-09
P/E
9.8x
EV / EBITDA
3.5x
EV / Sales
1.1x
Market metrics as of Nov 6, 2026
Financial results for the period ended Aug 2, 2026
Filed balance-sheet data as of Aug 2, 2026

Business Performance

Mixed

Revenue growth has accelerated, rising from -0.5% to +2.7% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q3 FY2026, ended Aug 2
Revenue growthAccelerating
+2.7%
$216M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -3.1%
  2. +6.1%
  3. -0.5%
  4. +2.7%
Earnings growthSlowing
+26%
Diluted EPS $0.49 vs $0.39 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +98%
  2. +8.8%
  3. +260%
  4. +26%
Operating marginContracting
21.1%
-1.8 pp YoY · gross margin 33.2% (-0.5 pp)
Earnings improved more than operations did
The comparison is against a weak year-ago quarter

Business Quality

8.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view.
Photronics, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Research coverage for this company is in progress.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductor Equipment & Materials
What they do

Photronics, Inc. manufactures and sells photomask products and related services used to transfer circuit patterns onto semiconductor wafers and flat panel display substrates, operating globally through subsidiaries and direct sales.

How it earns

Transactional sales of photomasks and related components to semiconductor and flat panel display manufacturers and designers.

Products & services
Photomasks for integrated circuits
Photomasks for flat panel displays
Electrical and optical components
Customers & end markets
Semiconductor designers and manufacturers
Flat panel display designers and manufacturers
Foundries
Market position

Niche supplier specializing in photomask products within the semiconductor equipment and materials industry.

Demand drivers
High cyclicality

Semiconductor and display manufacturing demand is cyclical and tied to broader technology investment cycles.