Photronics Reports Lower-Than-Expected Earnings and Revenue
Photronics Inc. posted second-quarter results below analyst estimates and issued third-quarter guidance that also missed expectations. The company's shares declined following the release.
finance.yahoo.comPhotronics Inc. reported second-quarter earnings of 42 cents per share, below the consensus estimate of 54 cents per share. 7 million. The company also provided guidance for the fiscal third quarter of 2026. 7 million, and non-GAAP diluted earnings per share of 39 to 45 cents, below the 56-cent consensus target.
Chairman and CEO George Macricostas addressed factors affecting the company's performance. He noted temporary headwinds across the supply chain. 32 percent on the same day.
Key Facts
Potential Impact
- 01
Investors received updated expectations for Photronics revenue and earnings.
- 02
Photronics management identified temporary supply-chain constraints.
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