$PLAB
PHOTRONICS INC
CIK:0000810136|SEC Filings
Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Aug. 02, 2026 |
Aug. 03, 2025 |
Aug. 02, 2026 |
Aug. 03, 2025 |
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| Revenue | [1] | $ 216,047 | $ 210,394 | $ 651,054 | $ 633,524 | |
| Cost of goods sold | 144,313 | 139,539 | 434,862 | 409,228 | ||
| Gross profit | 71,734 | 70,855 | 216,192 | 224,296 | ||
| Operating expenses: | ||||||
| Selling, general, and administrative | 22,543 | 18,423 | 64,610 | 55,624 | ||
| Research and development | 3,707 | 4,271 | 9,116 | 12,618 | ||
| Total operating expenses | 26,250 | 22,694 | 73,726 | 68,242 | ||
| Other operating income, net | 20 | 0 | 76 | 0 | ||
| Operating income | 45,504 | 48,161 | 142,542 | 156,054 | ||
| Other income (expense): | ||||||
| Foreign currency transactions impact, net | 4,776 | (14,258) | 25,510 | (26,925) | ||
| Interest income and other income, net | 4,623 | 4,830 | 15,241 | 16,745 | ||
| Interest expense | (31) | 0 | (33) | (52) | ||
| Income before income tax provision | 54,872 | 38,733 | 183,260 | 145,822 | ||
| Income tax provision | 10,989 | 9,594 | 35,950 | 34,209 | ||
| Net income | 43,883 | 29,139 | 147,310 | 111,613 | ||
| Net income attributable to noncontrolling interests | 14,967 | 6,248 | 44,026 | 37,009 | ||
| Net income attributable to Photronics, Inc. shareholders | $ 28,916 | $ 22,891 | $ 103,284 | $ 74,604 | ||
| Earnings per share attributable to Photronics, Inc. shareholders: | ||||||
| Basic (in Dollars per share) | $ 0.5 | $ 0.4 | $ 1.78 | $ 1.24 | ||
| Diluted (in Dollars per share) | $ 0.49 | $ 0.39 | $ 1.76 | $ 1.23 | ||
| Weighted-average number of common shares outstanding: | ||||||
| Basic (in Shares) | 58,181 | 57,937 | 58,033 | 60,274 | ||
| Diluted (in Shares) | 58,718 | 58,068 | 58,618 | 60,567 | ||
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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
Aug. 02, 2026 |
Oct. 31, 2025 |
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|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | $ 549,513 | $ 492,256 | ||
| Short-term investments | 123,298 | 95,909 | ||
| Accounts receivable, net | [1] | 187,730 | 195,921 | |
| Inventories | 64,748 | 61,767 | ||
| Other current assets | 49,567 | 44,199 | ||
| Total current assets | 974,856 | 890,052 | ||
| Property, plant and equipment, net | 955,038 | 854,436 | ||
| Deferred income taxes | 37,682 | 40,207 | ||
| Other assets | 23,167 | 19,839 | ||
| Total assets | 1,990,743 | 1,804,534 | ||
| Current liabilities: | ||||
| Current portion of long-term debt | 3,889 | 11 | ||
| Accounts payable | 117,281 | 84,209 | ||
| Accrued liabilities | 76,113 | 81,653 | ||
| Total current liabilities | 197,283 | 165,873 | ||
| Long-term debt | 4 | 13 | ||
| Other liabilities | 49,754 | 41,341 | ||
| Total liabilities | 247,041 | 207,227 | ||
| Commitments and contingencies (Note 12) | ||||
| Equity: | ||||
| Preferred stock, $0.01 par value, 2,000 shares authorized, none issued and outstanding | 0 | 0 | ||
| Common stock, $0.01 par value, 150,000 shares authorized, 58,195 shares issued and outstanding as of August 2, 2026, and 57,633 shares issued and outstanding as of October 31, 2025 | 582 | 576 | ||
| Additional paid-in capital | 496,694 | 486,934 | ||
| Retained earnings | 874,668 | 772,199 | ||
| Accumulated other comprehensive loss | (91,250) | (86,120) | ||
| Total Photronics, Inc. shareholders' equity | 1,280,694 | 1,173,589 | ||
| Noncontrolling interests | 463,008 | 423,718 | ||
| Total equity | 1,743,702 | 1,597,307 | ||
| Total liabilities and equity | $ 1,990,743 | $ 1,804,534 | ||
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