Photronics Inc. Reports Q3 FY25 Results: U.S. GAAP Net Income at $22.9 Million, Up from $8.9 Million in Prior Quarter; EPS Increases Significantly
Photronics, Inc. has reported its financial results for the quarter ending August 3, 2025. The company achieved a U.S. GAAP Net Income attributable to shareholders of $22.9 million, marking a notable increase from the $8.9 million recorded in the prior quarter ending May 4, 2025. However, it represents a decrease compared to the $34.4 million reported for the same period last year. The financial results also highlight a significant foreign exchange (FX) loss of $14.3 million for the current quarter, which contrasts with a loss of $31.1 million in the previous quarter and a gain of $4.1 million in the same quarter of the previous year. Additionally, the effects of exchange rate changes on the company's cash and equivalents resulted in a favorable $10.1 million during FY25, improving from an unfavorable $6.5 million during the same period of FY24. Looking ahead, Photronics has shared its business outlook and guidance in its Q3 FY25 earnings press release and related materials, which are accessible via the company's website. The update reflects potential risks and uncertainties that could impact future operations, as previously discussed in the company's filings.
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