---
title: "Photronics Inc 2Q 2026: Revenue $209.94M, EPS $0.54— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289505176.md"
description: "Photronics Inc reported Q2 2026 revenue of $209.94M, down 0.5% year-over-year, while net income surged 254.7% to $31.43M and diluted EPS rose 260% to $0.54. Revenue was weighed by softer integrated circuit demand but supported by strong flat-panel display sales. Gross margin contracted to 31.3% due to unfavorable product mix and higher costs. The company expects fiscal 2026 capital expenditures of approximately $330M."
datetime: "2026-06-11T19:21:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289505176.md)
  - [en](https://longbridge.com/en/news/289505176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289505176.md)
---

# Photronics Inc 2Q 2026: Revenue $209.94M, EPS $0.54— 10-Q Summary

Photronics Inc reported second-quarter 2026 results with revenue of $209.94M, roughly flat year-over-year, while net income and diluted earnings per share rose sharply to $31.43M and $0.54, respectively.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$209.94M

$210.99M

(0.5%)

Net income²

$31.43M

$8.86M

254.7%

Diluted EPS³

$0.54

$0.15

260%

_¹ Reported as “Revenue \[1\]”. ² Reported as “Net income attributable to Photronics, Inc. shareholders”. ³ Reported as “Earnings per share attributable to Photronics, Inc. shareholders”._

**Business Highlights**

-   Revenue trend: Q2 revenue of $209.9M was down 6.7% sequentially and (0.5%) year-over-year, weighed by softer integrated circuit (IC) demand while flat-panel display (FPD) sales strengthened.
-   Product mix shift: Growth in high-end FPD sales largely offset declines in IC revenue; high-end IC demand remained softer due to delayed design releases.
-   Capital investment: Fiscal 2026 capital expenditures are expected to be about $330M to expand high-end and mainstream capacity, with roughly $211M already committed.
-   Margins and costs: Gross margin contracted to 31.3% in Q2, pressured by an unfavorable product mix and higher labor, material and manufacturing costs.
-   FX and cash: Foreign-exchange movements in NTD and KRW significantly affected other income and cash balances, with a sizable portion of cash held in foreign subsidiaries.

Original SEC Filing: PHOTRONICS INC \[ PLAB \] - 10-Q - Jun. 11, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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