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Get filing alertsPhotronics reports Q3 FY2026 revenue of $216.0M, non-GAAP EPS of $0.50; guides Q4 flat
Filed August 26, 2026 · Period ending August 26, 2026 · ~1 min read
Key Changes
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Q3 FY2026 revenue $216.0M, up 2.7% YoY and 2.9% sequentially; non-GAAP diluted EPS $0.50 (flat YoY, up from $0.42 prior quarter). GAAP diluted EPS $0.49, up from $0.39 prior year but down from $0.54 prior quarter.
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IC revenue $154.7M, up 5% both YoY and sequentially, with high-end IC reaching record 44% of total IC revenue. FPD revenue $61.4M, down 2% both YoY and sequentially.
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Q4 FY2026 guidance: revenue $207M-up to $227M (midpoint $217M, roughly flat with Q3), operating margin 19%-24%, non-GAAP diluted EPS $0.40-$0.56.
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Cash and short-term investments $672.8M at quarter-end, of which $503.5M associated with 50.01%-owned joint ventures. Operating cash flow $76.3M, capex $37.0M.
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Gross margin 33.2%, operating margin 21.1% in Q3 FY2026, reflecting profitability on the $216.0M revenue base.
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Summary
Photronics reported third quarter fiscal 2026 results showing modest sequential and year-over-year revenue growth, driven by strength in its IC segment. Revenue of $216.0 million was up 2.7% year-over-year and 2.9% sequentially, with the sequential recovery attributed to delayed semiconductor design releases from Q2 now materializing.
Non-GAAP diluted EPS of $0.50 was flat year-over-year but up from $0.42 in the prior quarter, while GAAP EPS of $0.49 improved year-over-year but declined sequentially. The IC segment drove the quarter's performance, with revenue up 5% both year-over-year and sequentially to $154.7 million, benefiting from high fab utilization and node migration trends.
High-end IC business reached a record 44% of total IC revenue, underscoring the company's positioning at advanced technology nodes. The FPD segment declined 2% to $61.4 million. For Q4, Photronics guided revenue to $207 million to up to $227 million (midpoint roughly flat with Q3) and non-GAAP EPS to $0.40 to $0.56, suggesting stable near-term demand. The company ended the quarter with $672.8 million in cash and short-term investments, though $503.5 million is tied to joint ventures, and generated $76.3 million in operating cash flow against $37.0 million in capex.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Photronics reported Q3 fiscal 2026 financial results via press release and investor presentation on August 26, 2026.
Added in current filing · verify on EDGAR →
On August 26, 2026, Photronics, Inc. (the “Company”) issued a press release reporting third quarter fiscal 2026 financial results.
Photronics disclosed third quarter fiscal 2026 financial results through a press release and accompanying investor presentation. The 8-K itself does not contain the actual financial figures; those are in the attached exhibits (99.1 press release and 99.2 slide deck).
Event · Exhibit 99.1
Photronics reported Q3 FY2026 results with revenue of $216.0M, GAAP EPS of $0.49, and non-GAAP EPS of $0.50; guided Q4 revenue to $207M-up to $227M.
Added in current filing · view on EDGAR →
Gross profit 71,734 ... Gross margin % 33.2 % ... Operating income 45,504 ... Operating margin % 21.1 %
Photronics reported a gross margin of 33.2% and an operating margin of 21.1% for the third quarter of fiscal 2026. These margins reflect the company's profitability on revenue of $216.0 million, with gross profit of $71.7 million and operating income of $45.5 million.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify