Photronics' stock surged 8.02% during intraday trading on Wednesday, following the release of its first-quarter fiscal 2026 financial results.
The photomask manufacturer reported quarterly non-GAAP earnings of $0.61 per share, surpassing the analyst consensus estimate of $0.54 by 14.02%. Revenue for the quarter reached $225.066 million, exceeding expectations of $220.643 million by 2.00% and representing a 6.1% year-over-year increase. The company also achieved record high-end integrated circuit (IC) revenue for the second consecutive quarter.
Management highlighted that the company remains on track with its facility expansion plans, which are expected to diversify its geographic revenue mix. Photronics issued guidance for the second quarter, expecting revenue between $212 million and $220 million with non-GAAP diluted EPS between $0.49 and $0.55, contributing to positive investor sentiment.
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