智通财经APP获悉，周三，福尼克斯(PLAB.US)盘初飙升近48%，创历史新高，现报37.84美元。消息面 上，12月10日，该公司发布2025财年第四季度财报，调整后每股收益0.60美元，超过预期的0.46美元； 销售额2.1577亿美元，超过预期的2.05222亿美元。此外，该公司2026财年第一季度预计调整后每股收益 0.51至0.59美元，收入为2.17亿至2.25亿美元。 ...

Core Insights - U.S. stocks exhibited mixed performance, with the Nasdaq Composite declining by over 100 points on Wednesday [1] - Daktronics, Inc. reported quarterly earnings of 35 cents per share, surpassing the analyst consensus estimate of 27 cents per share, and quarterly sales of $229.253 million, exceeding the consensus estimate of $214.077 million [1] Company Performance - Daktronics shares surged by 15.7% to $20.80 following the positive earnings report [2] - Photronics, Inc. saw its shares increase by 44% to $37.00 after reporting better-than-expected fourth-quarter results and issuing optimistic first-quarter guidance [3] - Nextdoor Holdings, Inc. gained 24.6% to $2.5050 after a positive social media mention regarding its valuation [3] - Braze, Inc. rose by 17.5% to $36.00 after raising its FY2026 adjusted EPS and sales guidance [3] - Dave & Buster's Entertainment, Inc. jumped 14% to $20.50 following its third-quarter results [3] - SuperX AI Technology Limited's shares increased by 13.8% to $19.63 [3] - GE Vernova Inc. rose by 11.8% to $699.59 after raising its FY28 outlook and dividend, along with expanding its buyback authorization [3] - DBV Technologies S.A. gained 11.2% to $19.09 [3] - Warby Parker Inc. rose by 11% to $25.77 [3] - Dyne Therapeutics, Inc. increased by 10.5% to $20.38 after announcing a $350 million public offering [3] - ABIVAX Société Anonyme rose by 8.6% to $133.24 [3] - Olema Pharmaceuticals, Inc. gained 8.1% to $28.67 [3] - The Middleby Corporation rose by 6.3% to $137.15 after an upgrade from Jefferies [3] - EchoStar Corporation increased by 5.6% to $98.80 following an upgrade from Morgan Stanley [3]

Even up nearly 50% already today, Photronics stock still looks cheap enough to buy.Photronics (PLAB +43.13%) stock, which makes "photomasks" (devices for laying out circuit designs on semiconductor wafers) for the semiconductor industry, shocked investors with a big earnings beat this morning -- and the stock is up 46.5% as of 9:45 a.m. ET.Analysts forecast Photronics would earn only $0.44 per share on $204.5 million in Q4 2025, but the company actually earned $0.60 per share, with sales of $215.8 million. ...

Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $216 million, exceeding expectations and increasing 3% sequentially, but declining 3% year-over-year [4][13] - Non-GAAP diluted EPS was $0.60 per share, surpassing guidance [4][17] - Gross margin improved to 35%, and operating margin was 24%, both exceeding guidance [15][19] Business Line Data and Key Metrics Changes - Integrated Circuit (IC) revenue was $157 million, representing a 4% year-over-year decline, but high-end IC shipments reached a record 42% of total IC revenue [11][13] - Flat Panel Display (FPD) revenue was $58 million, declining 1% year-over-year due to order timing, but demand is expected to remain strong [12][14] Market Data and Key Metrics Changes - The high-end market remains strong, driven by investments in hyperscale data centers for AI rollouts, while the mainstream IC market is stabilizing but remains soft [10][11] - The company is experiencing strong demand in the U.S., which now represents 20% of total revenue, benefiting from reshoring efforts [13][11] Company Strategy and Development Direction - The company is executing strategic geographic expansions at existing facilities to enhance revenue contributions and diversify geographic revenue mix [5][6] - Investments are aligned with industry trends such as advanced node migration and regionalization, with a focus on higher-end nodes in the U.S. and Korea [6][8] - The company plans to increase capital expenditures to approximately $330 million in fiscal 2026 to drive future organic growth [19][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the high-end market's sustainability, supported by robust order patterns from existing core customers [10][58] - The company anticipates continued growth in high-end IC demand and is well-positioned to capitalize on outsourcing trends from captive manufacturers [50][49] Other Important Information - The company recognized a $16.8 million benefit from the reversal of a historical U.S. tax loss valuation allowance, reflecting improved performance and outlook [16][17] - Total cash and short-term investments increased to $588 million, including $422 million held in joint ventures [19] Q&A Session Summary Question: Market share relative to competitors - Management indicated that while a competitor has a larger market share in IC, Photronics is comparable in FPD, and they expect to capture more high-end shares due to growing U.S. demand [25][29] Question: Mainstream business and pricing competition - Management noted that the mainstream market in China is facing competition from local mask houses, but they are focusing on high-value product mixes to differentiate themselves [31][38] Question: G8.6 adoption in flat panel displays - Management expects gradual increases in G8.6 revenue contributions starting in fiscal 2026, as adoption expands in various applications [40][39] Question: Revenue potential from Allen, Texas facility - Management anticipates incremental revenue and profitability from the Allen facility, with revenue expected to start in the second half of fiscal 2026 [44][45] Question: Outsourcing trends from captive manufacturers - Management observed an increase in captives looking for outsourcing opportunities, which is expected to benefit Photronics due to its positioning in key regions [49][50]

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $216 million, a 3% sequential increase but a 3% decline year-over-year [3][10] - Non-GAAP diluted EPS was $0.60 per share, exceeding guidance, while GAAP EPS attributable to shareholders was $1.07 per share, benefiting from a $16.8 million tax valuation allowance reversal [11][12] - Gross margin improved to 35%, and operating margin was 24%, both exceeding expectations [11] Business Line Data and Key Metrics Changes - Integrated Circuit (IC) revenue was $157 million, down 4% year-over-year, with high-end IC shipments reaching a record 42% of total IC revenue [10][8] - Flat Panel Display (FPD) revenue was $58 million, reflecting a 1% decline year-over-year due to order timing, but demand is expected to remain strong [11][8] Market Data and Key Metrics Changes - The high-end market remains strong, driven by investments in hyperscale data centers for AI, while the mainstream IC market is stabilizing after a period of softness [7][10] - The U.S. market showed particularly strong demand, validating the company's expansion initiatives [10][8] Company Strategy and Development Direction - The company is executing strategic geographic expansions at existing facilities to enhance revenue contributions and diversify geographic revenue mix [3][4] - Investments are aligned with two industry trends: advanced node migration and regionalization, with a focus on higher-end nodes in the U.S. and Korea [4][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing more high-end market share due to reshoring efforts in the U.S. and strong demand for trusted products [22][23] - The company anticipates fiscal Q1 revenue between $217 million and $225 million, with operating margins between 23% and 25% [15] Other Important Information - The company plans to invest approximately $330 million in CapEx for fiscal 2026, focusing on organic growth and strategic opportunities [13][12] - Cash and short-term investments increased to $588 million, including $422 million held in joint ventures [13] Q&A Session Summary Question: Market share relative to competitors - Management indicated that while a competitor has a larger market share in IC, both companies are about the same size when considering FPD, where the competitor does not participate [19][22] Question: Competitive environment and mainstream business - Management noted that the mainstream market in China is facing competition from local mask houses, but the company is focusing on high-value products and key customers to differentiate itself [24][29] Question: Outsourcing trends and pricing - Management observed an increase in outsourcing opportunities from captive mask makers, particularly for high-end products, which generally command higher ASPs [42][39] Question: Long-term planning discussions with customers - Management reported an increase in long-term planning discussions with customers, indicating improved sentiment and order planning [43][45] Question: Revenue potential from new capacity - Management expects revenue from the Allen, Texas facility to begin in the second half of fiscal 2026, with incremental revenue and profitability anticipated [34][35]

分组1 - Photronics reported quarterly earnings of $0.6 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing a slight decrease from $0.59 per share a year ago, resulting in an earnings surprise of +27.66% [1] - The company achieved revenues of $215.77 million for the quarter ended October 2025, surpassing the Zacks Consensus Estimate by 4.45%, although this represents a decline from year-ago revenues of $222.63 million [2] - Over the last four quarters, Photronics has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] 分组2 - The stock has gained approximately 9% since the beginning of the year, while the S&P 500 has increased by 16.3%, indicating underperformance relative to the broader market [3] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $207.81 million, and for the current fiscal year, it is $2.03 on revenues of $846.88 million [7] - The Semiconductor Equipment - Photomasks industry, to which Photronics belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Investor Presentation December 2025 PHOTRONICS Safe Harbor Statement PHOTRONICS This presentation and some of our comments during this presentation may contain projections or other forward-looking statements regarding future events, our future financial performance, and/or the future performance of the industry. These statements are predictions and contain risks and uncertainties. We refer you to the risk factors in our Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and other subseque ...

Revenue Performance - Revenue for the fourth quarter of fiscal 2025 was $215.8 million, down 3.1% year-over-year but up 2.6% sequentially[6] - Full year revenue for fiscal 2025 was $849.3 million, a decrease of 2.0% compared to $866.9 million in fiscal 2024[6] - IC revenue for the fourth quarter was $157.4 million, down 4% year-over-year but up 7% sequentially[6] - FPD revenue for the fourth quarter was $58.3 million, down 1% year-over-year and down 7% sequentially[6] - For Q1 fiscal 2026, revenue is expected to be between $217 million and $225 million, with non-GAAP net income projected between $0.51 and $0.59 per diluted share[7] Net Income and Earnings Per Share - GAAP net income for the fourth quarter was $61.8 million, or $1.07 per diluted share, compared to $33.9 million, or $0.54 per diluted share in Q4 2024[6] - Non-GAAP net income for the fourth quarter was $34.6 million, or $0.60 per diluted share, compared to $37.1 million, or $0.59 per diluted share in Q4 2024[6] - U.S. GAAP net income attributable to Photronics, Inc. shareholders for the three months ended October 31, 2025, was $61.8 million, compared to $33.9 million for the same period in 2024, representing an increase of 82.5%[21] - Non-GAAP net income attributable to Photronics, Inc. shareholders for the year ended October 31, 2025, was $120.5 million, slightly down from $127.6 million in 2024, a decrease of 5.4%[21] - U.S. GAAP diluted earnings per share attributable to Photronics, Inc. shareholders for the three months ended October 31, 2025, was $1.07, up from $0.54 in the same period of 2024, an increase of 98.1%[21] - Non-GAAP diluted earnings per share attributable to Photronics, Inc. shareholders for the year ended October 31, 2025, was $2.01, compared to $2.05 in 2024, a decrease of 1.9%[21] Cash Flow and Investments - Cash generated from operating activities for the full year was $247.8 million, with $188.1 million invested in organic growth through capital expenditures[6] - Cash, cash equivalents, and short-term investments at the end of Q4 were $588.2 million, with $422.3 million associated with joint ventures[6] Foreign Exchange and Tax Effects - The estimated tax effects of foreign exchange (FX) gain/loss for the three months ended October 31, 2025, were $4.78 million, compared to $(1.94) million in the same period of 2024[21] - FX gain/loss for the three months ended October 31, 2025, was $(18.62) million, compared to $7.76 million in the same period of 2024[21] - The reversal of deferred tax valuation allowance for the year ended October 31, 2025, was $(16.75) million, consistent with the previous year[21] Shareholder Information - The weighted-average number of diluted common shares outstanding decreased to 57.98 million for the three months ended October 31, 2025, from 62.46 million in the same period of 2024[21] - Non-GAAP adjustments affected diluted earnings per share by $(0.47) for the three months ended October 31, 2025, compared to $0.05 in the same period of 2024[21] - The company reported a noncontrolling interest effect of $3.34 million for the three months ended October 31, 2025, compared to $(2.64) million in the same period of 2024[21] Strategic Outlook - The company anticipates that the extension of its capabilities in Korea will help diversify its geographic revenue mix and increase exposure to leading-edge chip designs[3]

Core Insights - Photronics, Inc. reported strong financial results for the fourth quarter and full year of fiscal 2025, achieving record high end revenue, particularly in the United States [2][3]. Full Year Fiscal 2025 Results - Total revenue for fiscal year 2025 was $849.3 million, a decrease of 2.0% year-over-year [7]. - GAAP net income attributable to Photronics, Inc. shareholders was $136.4 million, or $2.28 per diluted share, compared to $130.7 million, or $2.09 per diluted share in 2024 [7]. - Non-GAAP net income attributable to Photronics, Inc. shareholders was $120.6 million, or $2.01 per diluted share, down from $127.6 million, or $2.05 per diluted share in 2024 [7]. - Integrated Circuit (IC) revenue was $615.1 million, down 4% year-over-year, while Flat Panel Display (FPD) revenue was $234.2 million, up 2% year-over-year [7]. Fourth Quarter Fiscal 2025 Results - Revenue for the fourth quarter was $215.8 million, down 3.1% year-over-year but up 2.6% sequentially [7]. - GAAP net income attributable to Photronics, Inc. shareholders was $61.8 million, or $1.07 per diluted share, compared to $33.9 million, or $0.54 per diluted share in the fourth quarter of 2024 [7]. - Non-GAAP net income attributable to Photronics, Inc. shareholders was $34.6 million, or $0.60 per diluted share, compared to $37.1 million, or $0.59 per diluted share in the fourth quarter of 2024 [7]. - IC revenue for the fourth quarter was $157.4 million, down 4% year-over-year but up 7% sequentially [7]. - FPD revenue was $58.3 million, down 1% year-over-year and down 7% sequentially [7]. Cash Flow and Investments - Cash generated from operating activities for the year was $247.8 million, with cash invested in organic growth through capital expenditures totaling $188.1 million [7]. - For the fourth quarter, cash generated from operating activities was $87.8 million, with cash invested in capital expenditures amounting to $67.5 million [7]. Guidance for First Quarter Fiscal 2026 - Photronics expects revenue for the first quarter of fiscal 2026 to be between $217 million and $225 million, with non-GAAP net income attributable to shareholders projected to be between $0.51 and $0.59 per diluted share [5].

Core Viewpoint - Photronics, Inc. is set to announce its financial results for the fourth quarter of fiscal 2025 on December 10, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results announcement will take place on December 10, 2025, before the market opens [1] - A public conference call will be hosted on the same day at 8:30 a.m. Eastern time to discuss the financial performance and business conditions [2] - The call will be available live and on-demand on the Photronics website, with a suggestion for participants to register fifteen minutes prior to the call [2] Group 2: Company Overview - Photronics is a leading manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks, essential for the manufacturing process of ICs and FPDs [3] - The company has been a trusted supplier for over 56 years, having been founded in 1969 [3] - Photronics operates 11 strategically located manufacturing facilities across Asia, Europe, and North America [3]