Photronics (NASDAQ:PLAB) Issues Q3 2026 Earnings Guidance

Photronics (NASDAQ:PLAB) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.390-0.450 for the period, compared to the consensus EPS estimate of 0.530. The company issued revenue guidance of $207.0 million-$215.0 million, compared to the consensus revenue estimate of $218.7 million.

Photronics Trading Down 4.9%

Shares of NASDAQ PLAB opened at $32.35 on Friday. Photronics has a twelve month low of $16.59 and a twelve month high of $56.00. The stock has a 50 day moving average of $46.21 and a two-hundred day moving average of $37.16. The stock has a market cap of $1.91 billion, a P/E ratio of 11.81 and a beta of 1.51.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.11). Photronics had a net margin of 18.47% and a return on equity of 7.69%. The firm had revenue of $209.94 million during the quarter, compared to analysts’ expectations of $216.47 million. During the same quarter in the prior year, the firm posted $0.40 EPS. Photronics’s quarterly revenue was down .5% compared to the same quarter last year. Photronics has set its Q3 2026 guidance at 0.390-0.450 EPS. As a group, research analysts predict that Photronics will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PLAB shares. Craig Hallum reiterated a “buy” rating on shares of Photronics in a research note on Friday. Weiss Ratings upgraded Photronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Lake Street Capital restated a “buy” rating and set a $55.00 price target on shares of Photronics in a research note on Friday, May 1st. Zacks Research cut Photronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut Photronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Photronics currently has an average rating of “Moderate Buy” and an average price target of $49.33.

Insider Buying and Selling at Photronics

In other news, CFO Eric Rivera sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $44.77, for a total transaction of $44,770.00. Following the completion of the sale, the chief financial officer owned 136,173 shares in the company, valued at $6,096,465.21. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Rui Zhang sold 4,556 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $46.70, for a total value of $212,765.20. Following the sale, the chief accounting officer owned 27,079 shares of the company’s stock, valued at $1,264,589.30. This trade represents a 14.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 346,144 shares of company stock valued at $15,061,759. Corporate insiders own 3.30% of the company’s stock.

Key Photronics News

Here are the key news stories impacting Photronics this week:

• Negative Sentiment: Photronics reported weaker-than-expected Q2 earnings and revenue, prompting a sharp selloff. Photronics Reports Second Quarter 2026 Results
• Negative Sentiment: Q3 guidance also missed consensus, signaling near-term pressure on demand and margins. Why Is Photronics Stock Falling Friday?
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations, creating an additional headline risk for shareholders. Securities Fraud Investigation Into Photronics, Inc. (PLAB) Announced

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLAB. Larson Financial Group LLC purchased a new position in Photronics in the third quarter worth $28,000. Quarry LP raised its position in Photronics by 569.8% in the fourth quarter. Quarry LP now owns 1,353 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,151 shares in the last quarter. Global Retirement Partners LLC raised its position in Photronics by 723.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,245 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Photronics by 243.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,499 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in Photronics in the third quarter worth $62,000. Hedge funds and other institutional investors own 88.38% of the company’s stock.

Photronics Company Profile

Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.

Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.