Photronics Q3: Record Orders, AI, & Strong Guidance
Update: 2025-12-17
Description
Photronics, a leading provider of advanced integrated circuit photomasks, reported robust third-quarter results, exceeding Wall Street expectations. The companys revenue reached $215.8 million, surpassing the estimated $204.5 million. This success was driven by a record number of high-end orders, particularly in the US, and a favorable shift in product sales. Photronics adjusted earnings per share came in at $0.60, beating the estimated $0.45. Their adjusted EBITDA also significantly exceeded expectations, reaching $132.8 million. Looking ahead, Photronics projects revenue of $221 million and adjusted earnings per share of $0.55 for the fourth quarter of 2025, both higher than analyst estimates. This positive outlook indicates continued growth for Photronics as they focus on high-value products and capitalize on the increasing demand for advanced technology.
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