Equity Profile

PLAB

Photronics, Inc.

Information TechnologySemiconductor Materials & Equipment$1.7B

May28Thu

Post-Earnings Recap

ReportedQ2-2026Pre-Market7:00 AM EDT

Photronics, Inc. Misses on EPS, Stock Down 36.42%

Metric	Actual	Expected	Surprise
EPS	$0.42	$0.53	-20.00%
Revenue	—	$216M	—

management commentary, guidance changes, and full analysis available with Pro.

Photronics, Inc. Misses on EPS, Stock Down 36.42%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.42	$0.53	-20.00%
Revenue	—	$216M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Photronics, Inc. reported disappointing earnings with an EPS of $0.42, falling short of the expected $0.53. The stock reacted sharply, dropping 36.42%, reflecting investor concerns about the company's performance. The lack of revenue data and guidance further adds to uncertainty regarding the company's future outlook.

Company Snapshot

Photronics, Inc. (PLAB) is a leading manufacturer of photomasks used in semiconductor production, playing a crucial role in the technology supply chain....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.53

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

$216M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Photronics, Inc. (PLAB) is a leading manufacturer of photomasks used in semiconductor production, playing a crucial role in the technology supply chain. With a market cap of $3 billion, the company is positioned in the Information Technology sector, which is increasingly important as demand for advanced semiconductor technologies grows, driven by trends like AI and cloud computing.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+2.69%

Avg Stock Reaction

+4.00%

Last Quarter Recap

In Q1-2026, Photronics reported an EPS of $0.61, surpassing expectations by nearly 13%. The stock reacted positively, gaining over 14% the following day.

Management Promises & Guidance

Continued focus on expanding production capacity.
Commitment to innovation in photomask technology.
Plans to enhance customer relationships in key markets.

Expectations

Wall Street Expectations

Analysts expect steady performance from Photronics in the upcoming earnings report, with a consensus EPS of $0.53 and revenue of $216 million. Investors are keen to see if the company can maintain its growth trajectory.

Bull Case

If Photronics beats EPS expectations and shows strong revenue growth, it could signal robust demand in the semiconductor market, leading to a significant stock price increase.

Bear Case

Conversely, if the company misses on earnings or revenue, it may indicate weakening demand or operational challenges, potentially resulting in a sharp decline in stock price.

Key Metrics to Watch

EPS

$0.53

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$216M

Revenue figures will provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.53, and if so, by how much?

A strong EPS performance could validate the company's growth strategy and boost investor confidence.

What are the revenue figures compared to the $216 million consensus?

Revenue performance will indicate market demand and the company's ability to capitalize on growth opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent technological advancements in semiconductor manufacturing that could boost demand for Photronics' products.

Supporting Evidence

The company's recent innovations may not be fully reflected in analyst estimates.

Options pricing suggests a larger potential move than historical averages, indicating market anticipation.

Insider selling could be misinterpreted as a lack of confidence, while it may simply reflect personal financial decisions.

Key Risk

If revenue exceeds $220 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to navigate a competitive semiconductor landscape.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.51 would signal potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±22.1%

Historical Avg

±17.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±22.1% while PLAB has averaged ±17.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

56.9%

Calls (176K)P/C Ratio: 0.26Puts (73K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$7.6M

168,198 sh

5 insiders

Net

$7.6M

Net selling

Most Active Insiders· 12 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Photronics beats expectations, history suggests a potential stock increase of around 13.2%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline of about 6.0%, indicating market concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production capacity and any new contracts.
2Details on customer demand trends in key markets.
3Insights into cost management and pricing strategies.
4Any commentary on competition and market positioning.
5Future guidance on revenue expectations.

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Company Snapshot

Photronics, Inc. (PLAB) is a leading manufacturer of photomasks used in semiconductor production, playing a crucial role in the technology supply chain....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.53

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

$216M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+2.69%

Avg Stock Reaction

+4.00%

Last Quarter Recap

In Q1-2026, Photronics reported an EPS of $0.61, surpassing expectations by nearly 13%. The stock reacted positively, gaining over 14% the following day.

Management Promises & Guidance

Continued focus on expanding production capacity.
Commitment to innovation in photomask technology.
Plans to enhance customer relationships in key markets.

Expectations

Wall Street Expectations

Bull Case

If Photronics beats EPS expectations and shows strong revenue growth, it could signal robust demand in the semiconductor market, leading to a significant stock price increase.

Bear Case

Conversely, if the company misses on earnings or revenue, it may indicate weakening demand or operational challenges, potentially resulting in a sharp decline in stock price.

Key Metrics to Watch

EPS

$0.53

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$216M

Revenue figures will provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.53, and if so, by how much?

A strong EPS performance could validate the company's growth strategy and boost investor confidence.

What are the revenue figures compared to the $216 million consensus?

Revenue performance will indicate market demand and the company's ability to capitalize on growth opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent technological advancements in semiconductor manufacturing that could boost demand for Photronics' products.

Supporting Evidence

The company's recent innovations may not be fully reflected in analyst estimates.

Options pricing suggests a larger potential move than historical averages, indicating market anticipation.

Insider selling could be misinterpreted as a lack of confidence, while it may simply reflect personal financial decisions.

Key Risk

If revenue exceeds $220 million, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to navigate a competitive semiconductor landscape.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong operational performance and positive market demand.

Bear Confirmed If

An EPS below $0.51 would signal potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±22.1%

Historical Avg

±17.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±22.1% while PLAB has averaged ±17.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

56.9%

Calls (176K)P/C Ratio: 0.26Puts (73K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$7.6M

168,198 sh

5 insiders

Net

$7.6M

Net selling

Most Active Insiders· 12 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Photronics beats expectations, history suggests a potential stock increase of around 13.2%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline of about 6.0%, indicating market concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production capacity and any new contracts.
2Details on customer demand trends in key markets.
3Insights into cost management and pricing strategies.
4Any commentary on competition and market positioning.
5Future guidance on revenue expectations.