Financial Performance & Guidance - Photronics' revenue for Fiscal Quarter 2 2025 was $211 million, a decrease of 3% year-over-year and 1% quarter-over-quarter[38] - The operating margin for Fiscal Quarter 2 2025 was 264%, a 60 bps increase year-over-year and a 180 bps increase quarter-over-quarter[38] - Diluted EPS for Fiscal Quarter 2 2025 was $015, a decrease of 74% year-over-year and 78% quarter-over-quarter[38] - Non-GAAP diluted EPS for Fiscal Quarter 2 2025 was $040, a decrease of 13% year-over-year and 23% quarter-over-quarter[38] - The company is guiding for Fiscal Quarter 3 2025 revenue between $200 million and $208 million, with an operating margin between 20% and 22%, and non-GAAP diluted EPS between $035 and $041[43] Revenue Breakdown - High-end products accounted for 38% of total revenue, while mainstream products accounted for 62% in Fiscal Quarter 2 2025[40] - IC high-end products accounted for 79% of IC total revenue, while IC mainstream products accounted for 21% in Fiscal Quarter 2 2025[41] - FPD high-end products accounted for 38% of FPD total revenue, while FPD mainstream products accounted for 62% in Fiscal Quarter 2 2025[41] - IC revenue in Fiscal Quarter 2 2025 was $1559 million, a increase of 1% quarter-over-quarter and a decrease of 3% year-over-year[40] - FPD revenue in Fiscal Quarter 2 2025 was $551 million, a decrease of 5% quarter-over-quarter and a decrease of 2% year-over-year[41] Strategic Initiatives & Market Position - Photronics is a global leader in the merchant photomask industry, with a broad technology suite and geographic presence[21] - The company's strategic investment strategy focuses on organic growth through targeted capacity expansion and long-term purchase agreements[34] - Supply chain regionalization is driving global semiconductor investments, increasing demand for photomasks[29] - Advanced displays, particularly AMOLED, are driving innovation and increasing the value and complexity of mask sets[33]