Photronics, Inc. (PLAB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 209.94M | 225.07M | 215.77M | 210.39M | 210.99M | 212.14M | 222.63M | 210.98M | 217M | 216.33M | 227.47M | 224.21M | 229.31M | 211.09M | 210.27M | 219.95M | 204.51M | 189.83M | 181.29M | 170.64M |
| Revenue Growth % | -0.5% | 6.09% | -3.08% | -0.28% | -2.77% | -1.94% | -2.13% | -5.9% | -5.37% | 2.48% | 8.18% | 1.94% | 12.13% | 11.2% | 15.98% | 28.89% | 28.01% | 24.83% | 21.44% | 8.07% |
| Cost of Goods Sold | 144.18M | 146.36M | 140.24M | 139.54M | 133.09M | 136.6M | 140.33M | 135.85M | 137.75M | 137.08M | 142.59M | 137.41M | 140.9M | 135.01M | 130M | 136.09M | 134.29M | 129.96M | 129.35M | 125.32M |
| COGS % of Revenue | 68.68% | 65.03% | 64.99% | 66.32% | 63.08% | 64.39% | 63.03% | 64.39% | 63.48% | 63.36% | 62.68% | 61.29% | 61.45% | 63.96% | 61.82% | 61.87% | 65.66% | 68.46% | 71.35% | 73.44% |
| Gross Profit | 65.76M | 78.7M | 75.53M | 70.86M | 77.91M | 75.53M | 82.3M | 75.14M | 79.25M | 79.25M | 84.88M | 86.8M | 88.4M | 76.08M | 80.27M | 83.86M | 70.22M | 59.86M | 51.94M | 45.33M |
| Gross Margin % | 31.32% | 34.97% | 35.01% | 33.68% | 36.92% | 35.61% | 36.97% | 35.61% | 36.52% | 36.64% | 37.32% | 38.71% | 38.55% | 36.04% | 38.17% | 38.13% | 34.34% | 31.54% | 28.65% | 26.56% |
| Gross Profit Growth % | -15.59% | 4.19% | -8.22% | -5.7% | -1.7% | -4.69% | -3.04% | -13.44% | -10.35% | 4.18% | 5.75% | 3.5% | 25.89% | 27.09% | 54.54% | 85.03% | 78.91% | 96.09% | 62.9% | 20.12% |
| Operating Expenses | 23.58M | 23.9M | 23.19M | 22.69M | 22.19M | 23.36M | 26.47M | 22.99M | 23.29M | 21.77M | 20.1M | 21.54M | 21.36M | 20.12M | 19.73M | 20.13M | 20.82M | 21.67M | 18.42M | 16.86M |
| OpEx % of Revenue | 11.23% | 10.62% | 10.75% | 10.79% | 10.52% | 11.01% | 11.89% | 10.9% | 10.73% | 10.06% | 8.84% | 9.61% | 9.31% | 9.53% | 9.38% | 9.15% | 10.18% | 11.41% | 10.16% | 9.88% |
| Selling, General & Admin | 20.76M | 21.31M | 20M | 18.42M | 18.1M | 19.1M | 21.01M | 19.44M | 19M | 18.32M | 16.73M | 18.03M | 17.88M | 16.82M | 15.68M | 15.96M | 16.61M | 15.73M | 14.32M | 15.08M |
| SG&A % of Revenue | 9.89% | 9.47% | 9.27% | 8.76% | 8.58% | 9% | 9.44% | 9.21% | 8.75% | 8.47% | 7.36% | 8.04% | 7.8% | 7.97% | 7.46% | 7.26% | 8.12% | 8.28% | 7.9% | 8.84% |
| Research & Development | 2.82M | 2.59M | 3.19M | 4.27M | 4.09M | 4.26M | 5.29M | 3.56M | 4.29M | 3.44M | 3.37M | 3.5M | 3.48M | 3.3M | 4.04M | 4.15M | 4.21M | 5.94M | 4.1M | 5.3M |
| R&D % of Revenue | 1.34% | 1.15% | 1.48% | 2.03% | 1.94% | 2.01% | 2.37% | 1.69% | 1.98% | 1.59% | 1.48% | 1.56% | 1.52% | 1.56% | 1.92% | 1.89% | 2.06% | 3.13% | 2.26% | 3.11% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 182K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23K | 0 | 0 | 0 | -1000K |
| Operating Income | 42.18M | 54.8M | 52.35M | 48.16M | 55.72M | 52.18M | 55.83M | 52.15M | 55.96M | 57.49M | 64.78M | 65.26M | 67.05M | 55.96M | 60.54M | 63.73M | 49.4M | 38.2M | 33.52M | 28.46M |
| Operating Margin % | 20.09% | 24.35% | 24.26% | 22.89% | 26.41% | 24.6% | 25.08% | 24.72% | 25.79% | 26.57% | 28.48% | 29.11% | 29.24% | 26.51% | 28.79% | 28.97% | 24.16% | 20.12% | 18.49% | 16.68% |
| Operating Income Growth % | -24.3% | 5.03% | -6.23% | -7.64% | -0.44% | -9.24% | -13.82% | -20.1% | -16.53% | 2.74% | 7.01% | 2.41% | 35.72% | 46.5% | 80.62% | 123.91% | 137.42% | 224.64% | 123.68% | 42.77% |
| EBITDA | 22.38M | 74.61M | 70.72M | 67.01M | 75.31M | 72.97M | 77.02M | 72.27M | 76.75M | 78.19M | 86.1M | 85.7M | 87.03M | 75.06M | 79.66M | 83.53M | 69.97M | 59.01M | 54.61M | 50.65M |
| EBITDA Margin % | 10.66% | 33.15% | 32.78% | 31.85% | 35.69% | 34.4% | 34.6% | 34.26% | 35.37% | 36.14% | 37.85% | 38.22% | 37.95% | 35.56% | 37.89% | 37.98% | 34.22% | 31.08% | 30.12% | 29.68% |
| EBITDA Growth % | -70.29% | 2.24% | -8.18% | -7.28% | -1.87% | -6.68% | -10.54% | -15.67% | -11.81% | 4.17% | 8.08% | 2.6% | 24.37% | 27.21% | 45.87% | 64.94% | 58.3% | 66.26% | 44.93% | 17.34% |
| D&A (Non-Cash Add-back) | -19.8M | 19.8M | 18.37M | 18.85M | 19.59M | 20.79M | 21.19M | 20.13M | 20.79M | 20.7M | 21.31M | 20.44M | 19.98M | 19.11M | 19.12M | 19.8M | 20.57M | 20.81M | 21.09M | 22.18M |
| EBIT | 42.18M | 54.8M | 52.35M | 48.16M | 55.72M | 52.18M | 54.87M | 62.35M | 76.7M | 53.83M | 83.55M | 64.48M | 80.75M | 41.6M | 71.69M | 67.99M | 49.4M | 43.8M | 38.38M | 33.26M |
| Net Interest Income | 0 | 6.81M | 5.24M | 4.83M | 5.33M | -47K | 6.72M | 6.08M | 5.77M | 5.16M | 5.42M | 3.63M | 2.85M | 2.52M | 427K | -221K | 177K | -561K | -536K | -566K |
| Interest Income | 0 | 6.81M | 5.24M | 4.83M | 5.33M | 0 | 6.8M | 6.13M | 5.88M | 5.25M | 5.53M | 3.76M | 2.99M | 2.58M | 782K | 401K | 177K | 334K | 512K | 494K |
| Interest Expense | 0 | 1K | 3K | 0 | 4K | 47K | 76K | 58K | 110K | 90K | 109K | 126K | 134K | 65K | 355K | 622K | 0 | 895K | 1.05M | 1.06M |
| Other Income/Expense | 11.68M | 19.73M | 23.61M | -9.43M | -25.79M | 24.98M | -1.03M | 10.15M | 20.62M | -3.75M | 18.66M | -911K | 13.57M | -14.43M | 10.8M | 3.64M | 8.02M | 4.71M | 3.81M | 3.73M |
| Pretax Income | 53.86M | 74.53M | 75.96M | 38.73M | 29.93M | 77.16M | 54.79M | 62.29M | 76.59M | 53.74M | 83.44M | 64.35M | 80.62M | 41.53M | 71.34M | 67.37M | 57.42M | 42.9M | 37.33M | 32.2M |
| Pretax Margin % | 25.65% | 33.12% | 35.21% | 18.41% | 14.19% | 36.37% | 24.61% | 29.53% | 35.29% | 24.84% | 36.68% | 28.7% | 35.16% | 19.68% | 33.93% | 30.63% | 28.08% | 22.6% | 20.59% | 18.87% |
| Income Tax | 10.61M | 14.36M | -2.66M | 9.59M | 5.71M | 18.9M | 14.57M | 14.12M | 20.21M | 14.66M | 20.29M | 16.1M | 21.34M | 12.58M | 16.07M | 18.15M | 14.39M | 11.18M | 8.7M | 7.84M |
| Effective Tax Rate % | 19.69% | 19.26% | -3.5% | 24.77% | 19.09% | 24.5% | 26.59% | 22.67% | 26.39% | 27.28% | 24.31% | 25.02% | 26.47% | 30.29% | 22.53% | 26.93% | 25.07% | 26.05% | 23.3% | 24.36% |
| Net Income | 31.43M | 42.94M | 61.8M | 22.89M | 8.86M | 42.85M | 33.87M | 34.39M | 36.25M | 26.18M | 44.61M | 26.96M | 39.93M | 13.99M | 37.06M | 31.23M | 27.43M | 23.06M | 19.81M | 17.08M |
| Net Margin % | 14.97% | 19.08% | 28.64% | 10.88% | 4.2% | 20.2% | 15.21% | 16.3% | 16.71% | 12.1% | 19.61% | 12.02% | 17.41% | 6.63% | 17.63% | 14.2% | 13.41% | 12.15% | 10.93% | 10.01% |
| Net Income Growth % | 254.69% | 0.21% | 82.47% | -33.43% | -75.56% | 63.68% | -24.08% | 27.56% | -9.21% | 87.19% | 20.38% | -13.68% | 45.56% | -39.36% | 87.07% | 82.89% | 160.61% | 187.01% | 206.67% | 58.46% |
| Net Income (Continuing) | 43.25M | 60.18M | 78.62M | 29.14M | 24.22M | 58.26M | 40.23M | 48.17M | 56.37M | 39.08M | 63.16M | 48.26M | 59.27M | 28.95M | 55.26M | 49.22M | 43.03M | 31.73M | 28.63M | 24.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 452.21M | 438.53M | 423.72M | 412.45M | 395.85M | 366.46M | 359.89M | 345.44M | 333.17M | 324.1M | 300.6M | 290.66M | 276.64M | 261.95M | 230.56M | 229.64M | 215.83M | 200.74M | 176.87M | 176.57M |
| EPS (Diluted) | 0.54 | 0.74 | 1.07 | 0.38 | 0.15 | 0.68 | 0.54 | 0.55 | 0.58 | 0.42 | 0.72 | 0.44 | 0.65 | 0.23 | 0.60 | 0.51 | 0.49 | 0.38 | 0.33 | 0.28 |
| EPS Growth % | 260% | 8.82% | 98.15% | -30.91% | -74.14% | 61.9% | -25% | 25% | -10.77% | 82.61% | 20% | -13.73% | 32.65% | -39.47% | 81.82% | 82.14% | 188.24% | 192.31% | 230% | 64.71% |
| EPS (Basic) | 0.54 | 0.74 | 1.07 | 0.38 | 0.15 | 0.69 | 0.55 | 0.56 | 0.59 | 0.43 | 0.73 | 0.44 | 0.65 | 0.23 | 0.61 | 0.51 | 0.49 | 0.38 | 0.33 | 0.28 |
| Diluted Shares Outstanding | 58.57M | 58.39M | 57.98M | 60.57M | 60.97M | 62.66M | 62.39M | 62.41M | 62.41M | 62.28M | 62.07M | 61.97M | 61.51M | 61.47M | 61.37M | 61.3M | 61.15M | 60.94M | 60.91M | 61.52M |
| Basic Shares Outstanding | 57.96M | 57.79M | 57.6M | 60.27M | 60.79M | 62.09M | 61.73M | 61.81M | 61.77M | 61.45M | 61.29M | 61.23M | 61.14M | 60.89M | 60.77M | 60.7M | 60.61M | 60.16M | 60.22M | 60.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |