Photronics reports Q2 revenue $204.5M, up 28% YoY; EPS $0.49 vs $0.17 YoY; raises guidance

PHOTRONICS INC

2022-Q2 EPS reported $0.83 revenue$394,336,000

Q2 revenue $204.5M, up 8% sequentially and 28% YoY; net income $29.8M ($0.49 diluted EPS).
IC revenue $145.8M (+30% YoY); FPD revenue $58.7M (+23% YoY).
Gross margin expanded to 36% (vs 24.6% YoY); operating margin 25% (vs 13% YoY).
Guides Q3 revenue $205-215M and diluted EPS $0.45-0.55.
Fifth consecutive quarter of record revenue; updated long-term target model provided.

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