Photronics Q1 revenue falls 2% to $212.1 million; GAAP EPS rises to $0.68
Photronics reported first quarter fiscal 2025 revenue of $212.1 million, down 2% from a year earlier and 5% from the prior quarter. GAAP diluted EPS rose to $0.68 from $0.42, while non-GAAP diluted EPS was $0.52, down from $0.59 in the fourth quarter of 2024; the company's GAAP profit gain includes an FX gain of $18.4 million. For second quarter fiscal 2025, the company expects revenue of $208 million to $216 million and non-GAAP diluted EPS of $0.44 to $0.50.
Key points
- Q1 fiscal 2025 revenue was $212.1 million, down 2% year-over-year and 5% sequentially.
- GAAP net income attributable to shareholders was $42.9 million, or $0.68 per diluted share, versus $0.42 a year earlier.
- Non-GAAP diluted EPS was $0.52, compared with $0.48 a year earlier and $0.59 in the fourth quarter of 2024.
- Q2 fiscal 2025 guidance: revenue of $208 million to $216 million and non-GAAP diluted EPS of $0.44 to $0.50.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.