Revenue: As of FY2025 Q3, the actual value is USD 210.39 M, beating the estimate of USD 204.3 M.EPS: As of FY2025 Q3, the actual value is USD 0.39, beating the estimate of USD 0.385.EBIT: As of FY2025 Q3, the actual value is USD 38.73 M.<h3>Segment Revenue</h3><ul><li>Total Revenue: $210.4 million, a decrease of 0.3% year-over-year and 0.3% sequentially.</li><li>IC Revenue: $147.8 million, down 5% year-over-year and 5% sequentially.</li><li>FPD Revenue: $62.6 million, up 14% from the same quarter last year and 14% sequentially.</li><li>Geographic Distribution: Total revenue of $856 million, with Europe 4%, Taiwan 34%, China 26%, Korea 19%, and US 17%.</li></ul><h3>Operational Metrics</h3><ul><li>GAAP Net Income: $22.9 million, or $0.39 per diluted share, compared to $34.4 million, or $0.55 per diluted share, in the third quarter of 2024.</li><li>Non-GAAP Net Income: $29.4 million, or $0.51 per diluted share, compared to $31.9 million, or $0.51 per diluted share, in the third quarter of 2024.</li><li>Gross Profit: $70.9 million, with a gross margin of 33.7%.</li><li>Operating Income: $48.2 million, with an operating margin of 22.9%.</li><li>Operating Income: $212 million.</li><li>Gross Margin: 33.7% for Fiscal Q3 2025, compared to 36.9% in FQ2 2025 and 35.6% in FQ3 2024.</li><li>Operating Margin: 22.9% for FQ3 2025, compared to 26.4% in FQ2 2025 and 24.7% in FQ3 2024.</li></ul><h3>Cash Flow</h3><ul><li>Cash Generated from Operating Activities: $50.1 million.</li><li>Cash Invested in Organic Growth through Capital Expenditures: $24.8 million.</li><li>Cash Returned to Shareholders through Share Repurchases: $20.7 million.</li><li>Operating Cash Flow: $228 million.</li><li>Free Cash Flow: The free cash flow has a CAGR of 59% from 2017 to 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Cash, Cash Equivalents, and Short-term Investments: $575.8 million, with $396.8 million associated with joint ventures.</li><li>Revenue by Product Line: High-End revenue was $53.6 million, a decrease of 10% quarter-over-quarter but an increase of 8% year-over-year. Mainstream revenue was $94.2 million, a decrease of 3% quarter-over-quarter and 12% year-over-year.</li></ul><h3>Outlook / Guidance</h3><ul><li>For the fourth quarter of fiscal 2025, Photronics expects revenue to be between $201 million and $209 million.</li><li>Non-GAAP net income attributable to Photronics, Inc. shareholders is expected to be between $0.42 and $0.48 per diluted share.</li><li>The fiscal 2025 capex target is reiterated at $200 million.</li></ul>

Photronics | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 210.39 M