Photronics, Inc. (PLAB)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-11-05
$25.50-6.87%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-11-05
QuarterlyIQ Insights · PLAB
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -37.5% |
| Our one-year growth estimate | diamond | 4.5% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 42.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 50 industry peers
PLAB — earnings miss
Dated 2026-05-28
Results of Operations and Financial Condition. On May 28, 2026, Photronics, Inc. (the “Company”) issued a press release reporting second quarter fiscal 2026 financial results. On May 28, 2026, the Company will conduct a conference call with respect to its financial results and other matters during which it will also disclose a slide presentation. A copy of the press release reporting the second quarter fiscal 2026 earnings is furnished as Exhibit 99.1 to this report and a copy of the slide pr…
Why it matters: IC revenue fell in Q2, then recovered in Q3. Another rise would support progress in its core business.
Supportive ifQ4 IC revenue is above Q3's $154.7 million.
Worry ifQ4 IC revenue falls below Q3's $154.7 million.
Why it matters: These investments aim to strengthen Photronics at the high end of the market. Delays would weaken that plan.
Supportive ifManagement reports that U.S. and Korea facility investments remain on track, with no delay to the expansion plans.
Worry ifManagement reports a delay, pause, or cut to the U.S. or Korea facility plans.
Why it matters: Some Q2 design releases came back in Q3. More returns would show that this headwind is easing.
Supportive ifManagement says more delayed design releases resumed in Q4 than in Q3.
Worry ifManagement says delayed releases remain stalled, or new delays rose in Q4.
Why it matters: Q3 margin rose to 21.1% from 20.1% in Q2. A result below the Q4 guide would reverse that progress.
Worry ifQ4 operating margin is below 19%, the low end of the 19% to 24% guide.
Less concerning ifQ4 operating margin is at least 21.1%, matching or exceeding Q3's margin.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$196 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $687 loss on $10,000 · 6.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,360 loss on $10,000 · 53.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Photronics guided to $207 million to $227 million for Q4. A result above Q3 revenue would extend the recent recovery.
Supportive ifQ4 revenue is above $216 million, higher than Q3 revenue of $216.0 million.
Worry ifQ4 revenue is below $207 million, below the bottom of the guided range.