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Photronics, Inc. Stock News
$35.10
5.15%
today
Nasdaq,
Jan 06, 09:17 pm CET
Why the stock moved Beta
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BROOKFIELD, Conn., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced that Dr. Christopher Progler, Executive Vice President and Chief Technology Officer, will be stepping away from his current role with the company as part of a planned leadership transition following more than 20 years of service.
Photronics' Q4 earnings and Q1 outlook confirm my initial thesis of a return to YoY growth in FY 2026. The ongoing DRAM shortage driving captives to outsource more high-end photomask production to merchants positions Photronics for a multi-year cycle of revenue growth and EBIT margin expansion. Photronics' ongoing expansions in Korea and the US position it to capitalize on Micron's and Samsung'...
Photronics, Inc. delivered a solid quarter with strong high-end IC growth, but the 55% share price surge appears overdone. PLAB's capex is set to double to $330m in 2026, weighing on earnings and driving a fair value estimate of $24, 36% below current levels. Momentum is shifting as PLAB pivots to high-end AI-related photomasks, but elevated capex and only modest sales growth temper near-term e...
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Photronics beat on sales and beat on earnings this morning. Guidance for Q1 2026 looks strong as well.
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