Financial Data and Key Metrics Changes - The company achieved record revenue of $229 million in Q2 2023, representing a 9% sequential increase and a 12% year-over-year increase, marking the ninth consecutive quarter of revenue growth [14][10][61] - Gross and operating margins increased by more than 260 and 270 basis points, respectively, to 38.6% and 29.2%, which were 430 and 500 basis points higher than the margins reported in the same quarter last year [55][61] - Non-GAAP EPS was $0.54 for Q2, compared to $0.40 in the previous quarter and $0.38 in the same quarter last year [57][61] Business Line Data and Key Metrics Changes - Integrated Circuit (IC) revenue was $167.1 million, up 7% sequentially and 15% year-over-year, with strong demand across all regions [27][61] - Flat Panel Display (FPD) revenue also reached a record, improving 14% quarter-over-quarter and 6% year-over-year, driven by demand for AMOLED panels [38][61] - Demand for mainstream ICs in the 40 to 55-nanometer range was particularly strong, while some softness was observed in high-end segments [24][27] Market Data and Key Metrics Changes - Shipments to China represented 51% of second quarter revenue, with no material impact from geopolitical tensions reported so far [14][7][5] - The company noted that the photomask market demand is strong, driven by new designs and capacity expansions, which tend to make demand more sustainable [25][26] Company Strategy and Development Direction - The company is focused on maintaining its leading position as a photomask supplier, with strategic investments in technology and advanced process know-how [12][15] - The management emphasized the importance of working closely with customers to support their technology and product enrollment, particularly in the EUV product line [15][26] - The company plans to continue investing in growth while maintaining a strong balance sheet to provide liquidity against uncertainties [26][59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong design activity and a positive outlook for continued demand in the semiconductor environment [61][26] - The company is monitoring geopolitical tensions closely but has not experienced significant impacts on operations thus far [7][5] - There is an expectation for continued strong demand in the latter half of 2023, particularly from advanced DRAM customers [41][61] Other Important Information - The company generated $82 million in cash from operating activities and has a cash balance of $367 million, providing ample liquidity for growth investments [59][61] - The forecast for 2023 CapEx remains approximately $130 million, primarily for increased IC capacity and end-of-life tool replacements [42][59] Q&A Session Summary Question: What impact have geopolitical tensions had on operations? - Management stated that there has not been a material impact from export control regulations and geopolitical issues between China and the U.S. so far [7][5] Question: Can you quantify any headwinds from China? - Management acknowledged the geopolitical tensions but emphasized that they are working closely with suppliers to manage any potential impacts [7][5] Question: What is the outlook for memory demand? - Management noted that while memory demand has been sluggish, there is optimism among key customers about recovery in the second half of 2023 [41][61] Question: What is the CapEx plan for this year? - The majority of the planned $130 million CapEx is targeted at IC, with investments aimed at high-end mainstream business and tool replacements [42][59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-15451 PHOTRONICS, INC. (Exact name of registrant as specified in its charter) Connecticut 06-0854886 (State or other j ...

Photronics, Inc. (NASDAQ:PLAB) Q1 2023 Results Conference Call February 22, 2023 8:30 AM ET Company Participants Richelle Burr - Chief Administrative Officer Frank Lee - Chief Executive Officer John Jordan - Chief Financial Officer Chris Progler - Chief Technology Officer Eric Rivera - Chief Accounting Officer and Corporate Controller Conference Call Participants Thomas Diffely - D.A. Davidson Operator Good day, and thank you for standing by. Welcome to the Photronics First Quarter Fiscal 2023 Earnings Call ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-15451 PHOTRONICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization ...

Photronics, Inc. (NASDAQ:PLAB) Q4 2022 Results Conference Call December 13, 2022 8:30 AM ET Company Participants Richelle Burr - Executive Vice President, Chief Administrative Officer Frank Lee - Chief Executive Officer John Jordan - Executive Vice President, Chief Financial Officer Chris Progler - Chief Technology Officer Conference Call Participants Hans Chung - D.A. Davidson Gus Richard - Northland Capital Markets Operator Good day and thank you for standing by. Welcome to the Photronic's Fourth Quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-15451 PHOTRONICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Photronics Inc. (NASDAQ:PLAB) Q3 2022 Earnings Conference Call August 30, 2022 8:30 AM ET Company Participants Frank Lee - Chief Executive Officer John Jordan - Executive Vice President, Chief Financial Officer Chris Progler - Chief Technology Officer Richelle Burr - Executive Vice President, Chief Administrative Officer Conference Call Participants Patrick Ho - Stifel Gus Richard - Northland Capital Markets Operator Good day and thank you for standing by. Welcome to the Photronics Q3 Fiscal Year ’22 Earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 1, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 0-15451 PHOTRONICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Photronics, Inc. Q2 2022 Financial Results Conference Call May 25, 2022 PHOTRONICS, INC. PHOTRONICS, INC. Safe Harbor Statement This presentation and some of our comments 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. Actual events or results may differ materially from those presented. These statements include words like ...

Photronics Inc. (NASDAQ:PLAB) Q2 2022 Earnings Conference Call May 25, 2022 8:30 AM ET Company Participants Frank Lee - Chief Executive Officer John Jordan - Executive Vice President, Chief Financial Officer Chris Progler - Chief Technology Officer Conference Call Participants Patrick Ho - Stifel Hans Chung - DA Davidson Gus Richard - Northland Operator Good day and thank you for standing by. Welcome to the Photronics Q2 fiscal year 2022 earnings conference call. At this time, all participants are in a list ...