---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-045331"
form_type: "8-K"
ticker: "PLAB"
cik: "0000810136"
company_name: "PHOTRONICS INC"
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:51:07.778507+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Photronics reports record FY2022 revenue of $824.5M; Q4 EPS $0.60; Q1 guidance $0.40-0.48

## Summary
- Full year revenue $824.5M (+24% YoY), net income $118.8M ($1.94 diluted EPS) vs $55.4M ($0.89) in 2021.
- Q4 revenue $210.3M (-4% seq, +16% YoY), net income $37.1M ($0.60 diluted) vs $31.2M ($0.51) in Q3 2022.
- IC revenue $156.2M (-3% seq); FPD revenue $54.1M (-8% seq); management cites soft high-end logic and FPD demand.
- Q1 2023 guidance: revenue $203-213M, diluted EPS $0.40-0.48; cash from ops $275M in FY2022; debt reduced significantly.
- Record revenue for fifth consecutive year; cash and short-term investments $359M; capex of $112M invested in growth.

## SEC filing metadata
- accession: 0001140361-22-045331
- form_type: 8-K
- ticker: PLAB
- cik: 0000810136
- company_name: PHOTRONICS INC
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/0001140361-22-045331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/brhc10045360_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-045331
- JSON: https://secwatch.observer/filing/0001140361-22-045331.json
- Plain text: https://secwatch.observer/filing/0001140361-22-045331.txt

## Key facts
- Earnings Releases
  PHOTRONICS INC reported first quarter of 2023 results: revenue between $203 million and $213 million, net income between $0.40 and $0.48 per diluted share. Guidance initiated.
  - Period: first quarter of 2023
  - Revenue: between $203 million and $213 million
  - Net income: between $0.40 and $0.48 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter of 2023, Photronics expects revenue to be between $203 million and $213 million and net income attributable to Photronics, Inc. shareholders to be between $0.40 and $0.48 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/0001140361-22-045331-index.htm
- Earnings Releases
  PHOTRONICS INC reported fourth quarter ended October 31, 2022 results: revenue $210.3 million, net income $37.1 million ($0.60 per diluted share).
  - Period: fourth quarter ended October 31, 2022
  - Revenue: $210.3 million
  - Net income: $37.1 million ($0.60 per diluted share)
  - Result: reported results
  source text: to $359 million, with $275 million generated from operating activities and $112 million invested in growth through capital expenditures Fourth Quarter 2022 Results • Revenue was $210.3 million, down 4% sequentially and up 16% compared with the same period of last year • Net income attributable to Photronics, Inc. shareholders was $37.1 million ($0.60 per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/0001140361-22-045331-index.htm
- Earnings Releases
  PHOTRONICS INC reported fiscal 2022 full year ended October 31, 2022 results: revenue $824.5 million, net income $118.8 million ($1.94 per diluted share).
  - Period: fiscal 2022 full year ended October 31, 2022
  - Revenue: $824.5 million
  - Net income: $118.8 million ($1.94 per diluted share)
  - Result: reported results
  source text: uncertainty. The global Photronics team performed well in 2022 and we believe we will continue to achieve our goals in 2023 and beyond.” Full Year 2022 Results • Revenue of $824.5 million was up 24% over the previous year and was the fifth consecutive year of record revenue • Net income attributable to Photronics, Inc. shareholders was $118.8 million ($1.94 per
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036122045331/0001140361-22-045331-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.