Photronics Jumps on Q4 Beat as AI-Driven Mask Demand Strengthens Outlook

Management guides to firm Q1 margins and expects the new Texas site to start generating revenue late in fiscal 2026.

Overview

Fourth-quarter EPS reached $0.60 versus a $0.45 forecast, with revenue of $216 million topping expectations.
Shares traded at $37.01, up about 44%, following the results and outlook.
Profitability remained strong with a 35% gross margin, a 24% operating margin, and $88 million in operating cash flow.
For fiscal Q1 2026, the company projected revenue of $217 million to $225 million, operating margins of 23% to 25%, and non-GAAP EPS of $0.51 to $0.59.
Executives cited robust orders from AI, data-center and advanced-IC customers, highlighted expansion in Korea, and reiterated that the Allen, Texas facility should contribute in the latter half of fiscal 2026.