---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-026351"
form_type: "8-K"
ticker: "PLAB"
cik: "0000810136"
company_name: "PHOTRONICS INC"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:46:29.613186+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Photronics Q2 revenue $229.3M (record), GAAP EPS $0.65, non-GAAP $0.54; Q3 guidance $224-234M

## Summary
- Revenue $229.3M, up 9% sequentially and 12% YoY; IC revenue $167.1M (+15% YoY), FPD $62.3M (+6% YoY).
- GAAP net income $39.9M ($0.65 diluted EPS) vs $14.0M ($0.23) in Q1 and $27.4M ($0.45) in Q2 2022.
- Non-GAAP net income $32.9M ($0.54 diluted EPS) vs $24.4M ($0.40) in Q1 and $23.1M ($0.38) in Q2 2022.
- Cash from operations $82M; capex $27M; cash $367.5M, debt $28M; net cash $339.1M.
- Q3 FY2023 guidance: revenue $224-234M, non-GAAP EPS $0.48-0.54 per diluted share.

## SEC filing metadata
- accession: 0001140361-23-026351
- form_type: 8-K
- ticker: PLAB
- cik: 0000810136
- company_name: PHOTRONICS INC
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810136/000114036123026351/0001140361-23-026351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810136/000114036123026351/brhc20053410_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-026351
- JSON: https://secwatch.observer/filing/0001140361-23-026351.json
- Plain text: https://secwatch.observer/filing/0001140361-23-026351.txt

## Key facts
- Earnings Releases
  PHOTRONICS INC reported second quarter of fiscal year 2023 ended April 30, 2023 results: revenue $229.3 million, net income $39.9 million ($0.65 per diluted share), EPS $0.65 per diluted share. Guidance initiated.
  - Period: second quarter of fiscal year 2023 ended April 30, 2023
  - Revenue: $229.3 million
  - Net income: $39.9 million ($0.65 per diluted share)
  - EPS: $0.65 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: our long-term financial goals. I am confident that our team will continue to perform well to create value for our shareholders.” Second Quarter Fiscal 2023 Results • Revenue was $229.3 million up 9% sequentially and 12% year-over-year • GAAP net income attributable to Photronics, Inc. shareholders was $39.9 million ($0.65 per diluted share), compared with $14.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/810136/000114036123026351/0001140361-23-026351-index.htm

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