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Photronics Inc. (PLAB) Fundamental Analysis & AI Grade 2026

PLAB Nasdaq Semiconductors & Related Devices CT CIK: 0000810136
Updated This Month • Analysis: Jun 12, 2026 • SEC Data: 2026-05-03
Combined AI Grade
B
78% Confidence
N/A
B
78% Conf
Pending
Analysis scheduled

📊 PLAB Key Takeaways

Revenue: $435.0M
Net Margin: 17.1%
Free Cash Flow: $50.8M
Current Ratio: 5.05x
Debt/Equity: 0.00x
EPS: $1.27
AI Grade: B with 78% confidence
Photronics Inc. (PLAB) receives a B fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $435.0M, net profit margin of 17.1%, and return on equity (ROE) of 6.0%, Photronics Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete PLAB stock analysis for 2026.

Is Photronics Inc. (PLAB) a Good Investment?

Claude

Photronics exhibits exceptional financial fortress characteristics with pristine balance sheet (0.00x debt, $511.5M cash) and strong profitability margins (33.2% gross, 17.1% net), but faces operational headwinds with declining revenue (-2.0% YoY) and sharply falling net income (-28.3% YoY). While cash generation remains solid ($50.8M FCF), the deteriorating profit trends and low returns on capital (6.0% ROE) indicate business challenges that outweigh balance sheet strength.

Photronics Inc. Key Strengths (PLAB)

Claude
  • + Impeccable balance sheet with minimal leverage (3.9M long-term debt), 5.05x current ratio, and 511.5M cash reserves providing financial flexibility
  • + Sustained robust profitability margins of 33.2% gross and 17.1% net despite revenue pressure, demonstrating pricing power and operational efficiency
  • + Reliable free cash flow generation of 50.8M (11.7% FCF margin) sufficient to fund capital requirements even in cyclical downturns

PLAB Stock Risks: Photronics Inc. Investment Risks

Claude
  • ! Significant profitability deterioration with net income declining 28.3% YoY while revenue fell 2.0%, indicating margin compression beyond revenue decline
  • ! Chronically low returns on equity (6.0%) and assets (3.9%) relative to 1.2B equity base suggest capital is not generating adequate returns
  • ! Capital-intensive model requiring 93.4M annual CapEx with declining profitability raises concerns about project ROI and future cash generation in cyclical semiconductor industry

Key Metrics to Watch

Claude
  • * Quarterly revenue trend direction and gross margin trajectory in semiconductor/photomask cycles
  • * Operating cash flow sustainability relative to capital expenditure commitments
  • * Return on equity progression and evidence of margin recovery as operations stabilize

Photronics Inc. (PLAB) Financial Metrics & Key Ratios

Revenue
$435.0M
Net Income
$74.4M
EPS (Diluted)
$1.27
Free Cash Flow
$50.8M
Total Assets
$1.9B
Cash Position
$511.5M

💡 AI Analyst Insight

Strong liquidity with a 5.05x current ratio provides a solid financial cushion.

PLAB Profit Margin, ROE & Profitability Analysis

Gross Margin 33.2%
Operating Margin 22.3%
Net Margin 17.1%
ROE 6.0%
ROA 3.9%
FCF Margin 11.7%

PLAB vs Technology Sector: How Photronics Inc. Compares

How Photronics Inc. compares to Technology sector averages

Net Margin
PLAB 17.1%
vs
Sector Avg 18.0%
PLAB Sector
ROE
PLAB 6.0%
vs
Sector Avg 22.0%
PLAB Sector
Current Ratio
PLAB 5.0x
vs
Sector Avg 2.5x
PLAB Sector
Debt/Equity
PLAB 0.0x
vs
Sector Avg 0.5x
PLAB Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Photronics Inc. Stock Overvalued? PLAB Valuation Analysis 2026

Based on fundamental analysis, Photronics Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
6.0%
Sector avg: 22%
Net Profit Margin
17.1%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Photronics Inc. Balance Sheet: PLAB Debt, Cash & Liquidity

Current Ratio
5.05x
Quick Ratio
4.69x
Debt/Equity
0.00x
Debt/Assets
12.3%
Interest Coverage
1,492.89x
Long-term Debt
$3.9M

PLAB Revenue & Earnings Growth: 5-Year Financial Trend

PLAB 5-year financial data: Year 2021: Revenue $663.8M, Net Income $29.8M, EPS $0.44. Year 2022: Revenue $824.5M, Net Income $33.8M, EPS $0.52. Year 2023: Revenue $892.1M, Net Income $55.4M, EPS $0.89. Year 2024: Revenue $892.1M, Net Income $118.8M, EPS $1.94. Year 2025: Revenue $892.1M, Net Income $125.5M, EPS $2.03.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Photronics Inc.'s revenue has grown significantly by 34% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.03 reflects profitable operations.

PLAB Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
11.7%
Free cash flow / Revenue

PLAB Quarterly Earnings & Performance

Quarterly financial performance data for Photronics Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2026 $209.9M $8.9M $0.15
Q1 2026 $212.1M $42.9M $0.68
Q3 2025 $210.4M $22.9M $0.39
Q2 2025 $211.0M $8.9M $0.15
Q1 2025 $212.1M $26.2M $0.42
Q3 2024 $211.0M $27.0M $0.44
Q2 2024 $217.0M $36.3M $0.58
Q1 2024 $211.1M $14.0M $0.23

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Photronics Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$144.3M
Cash generated from operations
Capital Expenditures
$93.4M
Investment in assets
Dividends
None
No dividend program

PLAB SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Photronics Inc. (CIK: 0000810136)

📋 Recent SEC Filings

Date Form Document Action
Jun 11, 2026 10-Q ef20070467_10q.htm View →
May 28, 2026 8-K ef20074970_8k.htm View →
Apr 21, 2026 4 xslF345X06/form4.xml View →
Apr 21, 2026 4 xslF345X06/form4.xml View →
Apr 20, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about PLAB

What is the AI rating for PLAB?

Photronics Inc. (PLAB) has an AI grade of B with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PLAB's key strengths?

Claude: Impeccable balance sheet with minimal leverage (3.9M long-term debt), 5.05x current ratio, and 511.5M cash reserves providing financial flexibility. Sustained robust profitability margins of 33.2% gross and 17.1% net despite revenue pressure, demonstrating pricing power and operational efficiency.

What are the risks of investing in PLAB?

Claude: Significant profitability deterioration with net income declining 28.3% YoY while revenue fell 2.0%, indicating margin compression beyond revenue decline. Chronically low returns on equity (6.0%) and assets (3.9%) relative to 1.2B equity base suggest capital is not generating adequate returns.

What is PLAB's revenue and growth?

Photronics Inc. reported revenue of $435.0M.

Does PLAB pay dividends?

Photronics Inc. does not currently pay dividends.

Where can I find PLAB SEC filings?

Official SEC filings for Photronics Inc. (CIK: 0000810136) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PLAB's EPS?

Photronics Inc. has a diluted EPS of $1.27.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PLAB's fundamental grade?

Based on our AI fundamental analysis in June 2026, Photronics Inc. has a B grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PLAB stock overvalued or undervalued?

Valuation metrics for PLAB: ROE of 6.0% (sector avg: 22%), net margin of 17.1% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is PLAB's AI grade for 2026?

Our dual AI analysis gives Photronics Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PLAB's free cash flow?

Photronics Inc.'s operating cash flow is $144.3M, with capital expenditures of $93.4M. FCF margin is 11.7%.

How does PLAB compare to other Technology stocks?

Vs Technology sector averages: Net margin 17.1% (avg: 18%), ROE 6.0% (avg: 22%), current ratio 5.05 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Jun 12, 2026 | Data as of: 2026-05-03 | Powered by Claude AI