Shares of Photronics (PLAB) soared over 5% in pre-market trading on Wednesday, following the company's impressive first-quarter fiscal 2025 earnings report. Photronics reported quarterly revenue of $212.14 million, beating analysts' expectations of $210 million. Adjusted earnings per share came in at $0.52, surpassing the consensus estimate of $0.47.

The strong results were driven by robust demand for Photronics' high-end photomask products used in advanced semiconductor manufacturing. Within the Integrated Circuits (IC) and Flat Panel Display (FPD) segments, the company observed favorable demand for its cutting-edge offerings, while more mature mainstream products were impacted by general market softness.

Photronics CEO Frank Lee expressed optimism about the company's strategic positioning, highlighting its market-leading position in FPD and leveraging its IC expertise to gain market share. While remaining cautious about the overall 2025 outlook, Lee emphasized the company's focus on cost management and optimizing product mix to deliver strong margins.