Photronics reported third-quarter fiscal 2026 revenue of $216.0 million, up 2.7% from a year earlier and 2.9% from the prior quarter.
Net income attributable to shareholders rose to $28.9 million, or $0.49 a diluted share, from $22.9 million, or $0.39 a share, in the third quarter of 2025. That was down from $31.4 million, or $0.54 a share, in the second quarter of 2026.
On a non-GAAP basis, net income attributable to shareholders was $29.4 million, or $0.50 a share, compared with $29.4 million, or $0.51 a share a year earlier and $24.9 million, or $0.42 a share in the second quarter.
Integrated circuit revenue climbed to $154.7 million, a 5% increase both year over year and sequentially. Flat panel display revenue fell to $61.4 million, down 2% from both the prior-year quarter and the second quarter.
Cash, cash equivalents and short-term investments totaled $672.8 million at quarter-end, including $503.5 million tied to joint ventures. Operating cash flow was $76.3 million, while capital expenditures were $37.0 million.
For the fourth quarter, Photronics guided to revenue of $207 million to $227 million, operating margin of 19% to 24%, and non-GAAP diluted EPS of $0.40 to $0.56. Following these announcements, the company's shares moved 7.37%, and are now trading at a price of $31.48. If you want to know more, read the company's complete 8-K report here.
