Overview

• Photomask maker's fiscal Q4 revenue beat analysts' expectations, despite 3% yr/yr decline

• Adjusted EPS for fiscal Q4 beat analyst expectations

• Company sees strong U.S. performance and expects Korea capability extension to diversify geographic revenue mix

Outlook

• Photronics expects Q1 2026 revenue between $217 mln and $225 mln

• Company anticipates Q1 2026 non-GAAP EPS of $0.51 to $0.59

Result Drivers

• U.S. PERFORMANCE - Strong U.S. market performance supported Q4 results, aligning with investment plans

• IC REVENUE - IC revenue down 4% year-over-year but up 7% sequentially, indicating some recovery

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for Photronics Inc is $32.95, about 28.3% above its December 9 closing price of $25.69

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX7G4wXv

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)