Why Photronics Stock Is Plummeting Today

Photronics (NASDAQ: PLAB) banal is getting hammered successful Thursday's trading. The photomasks specialist's terms was down 33.2% arsenic of 11 a.m. ET and had been disconnected arsenic overmuch arsenic 35.2% earlier successful the session.

Before this morning's marketplace open, Photronics released results for the 2nd 4th of its 2026 fiscal twelvemonth -- which ended May 3. Sales and net for the play came successful beneath Wall Street's targets, and the company's guardant guidance didn't bash thing to assuage capitalist concerns.

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Photronics's fiscal Q2 results were disappointing

In fiscal Q2, Photronics posted non-GAAP (adjusted) net per stock of $0.42 connected gross of $209.9 million. The show came successful importantly beneath the mean expert estimates, which had called for per-share net of $0.31 and income of astir $203.8 million. Wall Street had been targeting humble income maturation successful the quarter, but gross really coiled up being down 0.5% twelvemonth implicit twelvemonth successful the period.

Photronics' guidance for fiscal Q3 wasn't breathtaking

For the existent quarter, Photronics is guiding for income betwixt $207 cardinal and $215 million. For comparison, the concern posted income of $210.3 cardinal successful past year's quarter. Meanwhile, adjusted net per stock are projected to beryllium betwixt $0.39 and $0.45 -- suggesting a important diminution from per-share net of $0.51 successful past year's quarter. While the institution had seen valuation enactment successful conjunction with bullish momentum for the broader semiconductor space, its caller quarterly study and guidance suggest that the concern isn't seeing a important request upswing contempt manufacture tailwinds.

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