Photronics Inc (PLAB) FinancialsPLABPhotronics Inc

Photronics, Inc. (PLAB) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is IC-Mainstream, accounting for 43.3% of total sales, equivalent to $90.85M. Other significant revenue streams include IC-High-end and FPD-High-end. Understanding this composition is critical for investors evaluating how PLAB navigates market cycles within the Semiconductor Equipment & Testing industry.

Evaluating the bottom line, Photronics, Inc. maintains a gross margin of 33.21%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 21.89%, while the net margin is 22.63%. These profitability ratios, combined with a Return on Equity (ROE) of 13.72%, provide a clear picture of how effectively PLAB converts its operational activities into shareholder value.

In the context of the broader market, PLAB competes directly with industry leaders such as CTS and PLUG. With a market capitalization of $1.73B, it holds a significant position in the sector. When comparing efficiency, PLAB's gross margin of 33.21% stands against CTS's 40.50% and PLUG's -9.73%. Such benchmarking helps identify whether Photronics, Inc. is trading at a premium or discount relative to its financial performance.

Photronics has shown a revenue growth of 2.7% year-over-year in Q3 2026, with a gross margin improvement from 31.3% to 33.2%. However, the net income for Q3 2026 was $28.9 million, which is lower than previous quarters, indicating some volatility in profitability.