Photronics, Inc.

Photronics, Inc. reported strong financial results for Q1 2026, with revenue of $225.1 million and net income attributable to shareholders of $42.9 million. The company generated a gross profit of $78.7 million, representing a gross margin of 35.0%, and operating income of $54.9 million, resulting in an operating margin of 24.4%. Operating cash flow was robust at $97.3 million, supporting capital expenditures of $47.6 million. The balance sheet remains solid with total assets of $1.90 billion, cash and equivalents of $544.1 million, and total liabilities of only $251.5 million, resulting in shareholders' equity of $1.21 billion. The company maintained strong liquidity with total current assets of $946.2 million against current liabilities of $206.6 million. Earnings per share were $1.00 for both basic and diluted calculations.

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