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Photronics (PLAB)
NASDAQ:PLAB
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.91%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Photronics showcased strong profitability, cash flow, and technological advancements in high-end IC and FPD segments, it faced challenges with revenue decline, mainstream IC weakness, and geopolitical uncertainties. The sentiment is balanced with significant achievements countered by notable challenges.Company Guidance
During Photronics' fiscal first-quarter 2025 conference call, the company provided guidance indicating expected second-quarter revenue between $208 million and $216 million, with non-GAAP earnings per share projected to range from $0.44 to $0.50 per diluted share. The operating margin is anticipated to be between 23% and 25%. The first-quarter results showed revenue of $212 million, a sequential decline of 5%, with IC revenue dropping by 6% to $154 million and FPD revenue remaining stable at $58 million. Despite the revenue decline, diluted non-GAAP EPS was $0.52, surpassing the high end of guidance. The company generated $78 million in operating cash flow and plans to spend $200 million on CapEx for 2025, with a significant portion allocated to U.S. expansion. Photronics continues to focus on high-end business, with high-end ASPs increasing from 30% in fiscal 2023 to 39% in the first quarter of fiscal 2025. The company remains cautious about macroeconomic and geopolitical conditions impacting the second half of 2025.Strong EPS Performance
Diluted EPS of $0.52 was above the high end of guidance, indicating strong profitability and financial performance.
High-End IC Business Growth
High-end IC business increased to 39% of ASPs in Q1, up from 36% in fiscal 2024, with particular strength in the 14 to 22 nanometer geometry ranges.
Robust Cash Flow Generation
Generated $78 million in operating cash flow, representing 37% of total revenue, maintaining a strong cash balance of $642 million.
Technological Leadership in FPD
Market leader in FPD photomasks due to technological superiority and manufacturing footprint, maintaining revenue despite market headwinds.
G8.6 AMOLED Display Orders
Received first orders for G8.6 AMOLED displays, which require more advanced masks with higher ASPs, marking a milestone for the company.
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PLAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $20.70 | $21.10 | +1.93% |
| Dec 11, 2024 | $25.32 | $28.06 | +10.82% |
| Aug 29, 2024 | $24.08 | $24.92 | +3.49% |
| May 22, 2024 | $28.26 | $26.32 | -6.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Photronics (PLAB) report earnings?
Photronics (PLAB) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Photronics (PLAB) earnings time?
Photronics (PLAB) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLAB EPS forecast?
PLAB EPS forecast for the fiscal quarter 2025 (Q2) is 0.48.
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