Jul 2026 (Q3 FY26) — Aug 26, 2026
Photronics Q3 FY26 — Beat on High-End IC Node Migration and Display Resilience
Read the full callPhotronics earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 216 | +2.7% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 21.1 | −1.8 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 28.9 | +26.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
1Y: $23.09 on 17 Oct 2025 → $28.35. High $54.96 (11 May 2026), low $20.28 (20 Nov 2025).
Overview
Call summaries
Photronics Q3 FY26 — Beat on High-End IC Node Migration and Display Resilience
Read the full callPhotronics Q2 FY26 — FPD strength offsets IC headwinds, strategic investments on track
Read the full callEvery analysed call
Financials
Net profit, year on year: +26% (quarter to aug 2026 against aug 2025).
| Line item | Oct 2024 | Feb 2025 | May 2025 | Aug 2025 | Oct 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 223 | 212 | 211 | 210 | 216 | 225 | 210 | 216 |
| Operating profit | 56 | 52 | 56 | 48 | 52 | 55 | 42 | 46 |
| Operating margin | 25.1% | 24.6% | 26.4% | 22.9% | 24.1% | 24.4% | 20.1% | 21.1% |
| Profit before tax | 55 | 77 | 30 | 39 | 76 | 75 | 54 | 55 |
| Tax rate | 26.6% | 24.5% | 19.1% | 24.8% | −3.5% | 19.3% | 19.7% | 20.0% |
| Net profit | 34 | 43 | 9 | 23 | 62 | 43 | 31 | 29 |
| EPS ($ per share) | — | 0.69 | 0.15 | 0.40 | — | 0.74 | 0.54 | 0.50 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 231 | 254 | 279 | 318 | 436 | 561 | 692 | 772 |
| Total liabilities | 205 | 208 | 226 | 294 | 254 | 251 | 231 | 207 |
| Fixed assets | 572 | 632 | 631 | 697 | 644 | 709 | 745 | 854 |
| Investments | — | — | — | 0 | 39 | 13 | 42 | 96 |
| Total assets | 1,110 | 1,119 | 1,188 | 1,294 | 1,316 | 1,526 | 1,712 | 1,805 |
| Line item | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 131 | 68 | 143 | 151 | 275 | 302 | 261 | 248 |
| Cash from investing | -91 | -151 | -66 | -103 | -148 | -102 | -156 | -239 |
| Cash from financing | -14 | -42 | -16 | -54 | -39 | -18 | -8 | -115 |
| Net cash flow | 21 | -123 | 72 | -2 | 43 | 179 | 99 | -106 |
| Capital expenditure | -93 | -178 | -71 | -109 | -112 | -131 | -131 | -188 |
| Free cash flow | 38 | -110 | 72 | 42 | 163 | 171 | 131 | 60 |
87 filings between Dec 1, 2025 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$24.17M
50 sales by 10 insiders
2% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 2 gifts, 1 disposition to issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lee Kang Jyh | — | $8.72M | Sep 29, 2026 |
| MACRICOSTAS GEORGE | — | $5.20M | Apr 8, 2026 |
| MACRICOSTAS CONSTANTINE S | — | $2.27M | Apr 14, 2026 |
| Wang Hsueh-Chun | — | $2.25M | Apr 14, 2026 |
| Rivera Eric | — | $1.87M | Apr 13, 2026 |
| Park Han Kyung | — | $1.28M | Sep 25, 2026 |
| Progler Christopher J | — | $1.12M | Dec 12, 2025 |
| TYSON MITCHELL G | — | $780.0K | Apr 1, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Rivera Eric President, CFO | Tax withheld | 2,897 | $89.3K |
| Oct 1, 2026 | ZHANG RUI VP, CAO & Corporate Controller | Tax withheld | 392 | $12.1K |
| Sep 29, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $307.5K |
| Sep 25, 2026 | Park Han Kyung SVP & GM of FPD Ops | Sale | 9,500 | $288.5K |
| Sep 24, 2026 | Lee Kang Jyh Director | Sale | 7,500 | $221.3K |
| Sep 22, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $297.0K |
| Apr 17, 2026 | Paladino Mary Director | Disposition to issuer | 22,548 | $1.08M |
| Apr 17, 2026 | ZHANG RUI VP, CAO & Corporate Controller | Sale | 4,556 | $212.8K |
| Apr 16, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $458.0K |
| Apr 16, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $460.5K |
| Apr 15, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $451.0K |
| Apr 14, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 19,250 | $872.0K |
| Apr 14, 2026 | MACRICOSTAS CONSTANTINE S Director | Sale | 50,000 | $2.27M |
| Apr 13, 2026 | Liao Daniel JL Director | Award | 3,722 | $0 |
| Apr 13, 2026 | LEWIS ADAM M Director | Award | 3,722 | $0 |
| Apr 13, 2026 | MACRICOSTAS CONSTANTINE S Director | Award | 3,722 | $0 |
| Apr 13, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $225.0K |
| Apr 13, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $43.0K |
| Apr 13, 2026 | Rivera Eric President, CFO | Sale | 1,000 | $44.8K |
| Apr 13, 2026 | TYSON MITCHELL G Director | Award | 3,722 | $0 |
| Apr 13, 2026 | Almeida Michelle Director | Award | 3,722 | $0 |
| Apr 13, 2026 | Rivera Eric President, CFO | Option exercise | 1,000 | $9.8K |
| Apr 13, 2026 | Garcia David A. Director | Award | 3,722 | $0 |
| Apr 9, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 11,875 | $525.5K |
| Apr 9, 2026 | Rivera Eric President, CFO | Sale | 40,635 | $1.79M |
| Apr 9, 2026 | Rivera Eric President, CFO | Sale | 882 | $38.8K |
| Apr 9, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $220.0K |
| Apr 9, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $43.0K |
| Apr 8, 2026 | MACRICOSTAS GEORGE CEO | Sale | 109,194 | $4.68M |
| Apr 8, 2026 | MACRICOSTAS GEORGE CEO | Sale | 5,500 | $238.0K |
| Apr 8, 2026 | MACRICOSTAS GEORGE CEO | Sale | 6,500 | $281.3K |
| Apr 8, 2026 | ZHANG RUI VP, CAO & Corporate Controller | Sale | 1,752 | $76.2K |
| Apr 8, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 10,000 | $426.9K |
| Apr 8, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $43.0K |
| Apr 8, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $216.4K |
| Apr 6, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $202.7K |
| Apr 6, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $43.0K |
| Apr 2, 2026 | MACRICOSTAS CONSTANTINE S Director | Gift | 37,000 | $0 |
| Apr 1, 2026 | MACRICOSTAS CONSTANTINE S Director | Gift | 13,000 | $0 |
| Apr 1, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $210.0K |
| Apr 1, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $53.8K |
| Apr 1, 2026 | TYSON MITCHELL G Director | Sale | 10,000 | $423.1K |
| Apr 1, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 1,714 | $72.2K |
| Apr 1, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 4,100 | $172.8K |
| Apr 1, 2026 | Wang Hsueh-Chun SVP/COO IC & US/EU Mnstrm Ops | Sale | 4,186 | $175.8K |
| Mar 26, 2026 | Lee Kang Jyh Director | Option exercise | 5,000 | $53.8K |
| Mar 26, 2026 | Lee Kang Jyh Director | Sale | 5,000 | $204.0K |
| Mar 23, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $390.0K |
| Mar 19, 2026 | Lee Kang Jyh Director | Sale | 10,000 | $358.0K |
| Feb 9, 2026 | ZHANG RUI VP, CAO & Corporate Controller | Award | 1,467 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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