Revenue: As of FY2025, the actual value is USD 849.29 M, beating the estimate of USD 838.05 M.EPS: As of FY2025, the actual value is USD 2.28, beating the estimate of USD 1.68.EBIT: As of FY2025, the actual value is USD 208.22 M.<h3>Segment Revenue</h3><ul><li>IC Revenue: $615.1 million in FY25, a decrease of 3.6% from FY24 ($638.2 million) and a decrease of 5.6% from FY23 ($651.3 million).</li><li>FPD Revenue: $234.2 million in FY25, an increase of 2.4% from FY24 ($228.8 million) and a decrease of 2.7% from FY23 ($240.8 million).</li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit: $299.8 million in FY25, a decrease of 5.1% from FY24 ($315.9 million) and a decrease of 10.8% from FY23 ($336.2 million).</li><li>Gross Margin: 35.3% in FY25, down from 36.4% in FY24 and 37.7% in FY23.</li><li>Operating Income: $208.2 million in FY25, a decrease of 6.0% from FY24 ($221.5 million) and a decrease of 17.7% from FY23 ($253.1 million).</li><li>Operating Margin: 24.5% in FY25, down from 25.6% in FY24 and 28.4% in FY23.</li><li>Net Income: $190.2 million in FY25, an increase of 3.5% from FY24 ($183.8 million) and a decrease of 4.7% from FY23 ($199.6 million).</li><li>Net Income Attributable to Photronics, Inc. Shareholders: $136.4 million in FY25, an increase of 4.4% from FY24 ($130.7 million) and an increase of 8.7% from FY23 ($125.5 million).</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $247.8 million in FY25, a decrease of 5.2% from FY24 ($261.4 million) and a decrease of 18.0% from FY23 ($302.2 million).</li><li>Net Cash Used in Investing Activities: $238.9 million in FY25, an increase of 52.7% from FY24 ($156.5 million) and an increase of 135.3% from FY23 ($101.5 million).</li><li>Net Cash Used in Financing Activities: $115.3 million in FY25, an increase of 1393.5% from FY24 ($7.7 million) and an increase of 523.2% from FY23 ($18.5 million).</li></ul><h3>Unique Metrics</h3><ul><li>Research and Development Expenses: $15.8 million in FY25, a decrease of 4.8% from FY24 ($16.6 million) and an increase of 15.3% from FY23 ($13.7 million).</li><li>Capital Expenditures: $188.1 million in FY25, an increase of 43.7% from FY24 ($130.9 million) and an increase of 43.3% from FY23 ($131.3 million).</li></ul><h3>Outlook / Guidance</h3><ul><li>Capital Expenditures for FY26: Expected to be approximately $330 million, targeted towards high-end and mainstream “point” tools to increase operating capacity and efficiency.</li><li>Revenue Growth: The company expects advanced-generation designs to continue to move to production throughout fiscal 2026, positioning them to service an increasing volume of this business.</li><li>Investment in Technology: Continued investments in manufacturing processes and technology in regions where customers are located to support technological and production requirements.</li></ul>

Photronics | 10-K: FY2025 Revenue Beats Estimate at USD 849.29 M