---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-007732"
form_type: "8-K"
ticker: "PLAB"
cik: "0000810136"
company_name: "PHOTRONICS INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:32:47.790825+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Photronics Q1 revenue $211.1M (+11% YoY); GAAP EPS $0.23, non-GAAP $0.40; Q2 guidance $205-215M

## Summary
- GAAP net income $14.0M ($0.23 diluted EPS) vs $37.1M ($0.60) in Q4 2022; non-GAAP net income $24.4M ($0.40) vs $31.2M ($0.51).
- IC revenue $156.6M (+21% YoY); FPD revenue $54.5M (-9% YoY); total revenue up 0.4% sequentially.
- Q2 2023 guidance: revenue $205-215M, diluted EPS $0.38-0.48.
- Operating cash flow $27.7M; capex $31.1M; free cash flow negative $2.4M.
- Non-operating loss of $14.4M driven by FX; GAAP EPS impacted by $0.17 per share from FX adjustments.

## SEC filing metadata
- accession: 0001140361-23-007732
- form_type: 8-K
- ticker: PLAB
- cik: 0000810136
- company_name: PHOTRONICS INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810136/000114036123007732/0001140361-23-007732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810136/000114036123007732/brhc10048518_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-007732
- JSON: https://secwatch.observer/filing/0001140361-23-007732.json
- Plain text: https://secwatch.observer/filing/0001140361-23-007732.txt

## Key facts
- Earnings Releases
  PHOTRONICS INC reported first quarter fiscal 2023 ended January 29, 2023 results: revenue $211.1 million, net income $14.0 million ($0.23 per diluted share), EPS $0.23 per diluted share.
  - Period: first quarter fiscal 2023 ended January 29, 2023
  - Revenue: $211.1 million
  - Net income: $14.0 million ($0.23 per diluted share)
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: First Quarter 2023 Results • Revenue was $211.1 million up 0.4% sequentially and 11% year-over-year • GAAP net income attributable to Photronics, Inc. shareholders was $14.0 million ($0.23 per diluted share)
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036123007732/0001140361-23-007732-index.htm

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