Every material Form 8-K Photronics filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Photronics reported third quarter fiscal 2026 revenue of $216.0 million, up 2.7% from a year earlier, and GAAP diluted EPS of $0.49 versus $0.39 a year ago. Operating income fell to $45.5 million from $48.2 million, and non-GAAP diluted EPS of $0.50 was slightly below $0.51 in the prior-year quarter. The company also gave fourth quarter guidance for revenue of $207 million to $227 million.
Revenue $216.0 million, up 2.7% year-over-year and 2.9% sequentially
GAAP diluted EPS $0.49 vs $0.39 a year ago and $0.54 in the second quarter; non-GAAP diluted EPS $0.50 vs $0.51 a year ago
Operating margin 21.1% vs 22.9% a year ago
Q4 fiscal 2026 guidance: revenue $207 million to $227 million, operating margin 19% to 24%, non-GAAP diluted EPS $0.40 to $0.56
Photronics reported second quarter fiscal 2026 revenue of $209.9 million, down 0.5% from a year earlier and 6.7% from the prior quarter. GAAP net income attributable to shareholders was $31.4 million, or $0.54 per diluted share, up from $0.15 a year earlier but down from $0.74 in the first quarter. The company expects third quarter revenue of $207 million to $215 million and non-GAAP diluted EPS of $0.39 to $0.45.
Revenue of $209.9 million was down 0.5% year-over-year and 6.7% sequentially
GAAP diluted EPS was $0.54, versus $0.15 a year earlier and $0.74 in the first quarter; non-GAAP diluted EPS was $0.42, versus $0.40 a year earlier
Operating margin was 20.1%, versus 24.4% in the first quarter and 26.4% a year earlier
Third quarter fiscal 2026 guidance: revenue of $207 million to $215 million, operating margin of 18% to 20%, and non-GAAP diluted EPS of $0.39 to $0.45
Photronics reported first quarter fiscal 2026 results for the quarter ended February 1, 2026, with revenue of $225.1 million, up 6.1% from a year earlier, and GAAP diluted earnings of $0.74 per share compared with $0.68 a year earlier. The company guided second-quarter revenue to $212 million to $220 million and non-GAAP diluted EPS to $0.49 to $0.55, both below first-quarter levels, which shareholders may weigh against the year-over-year gains.
Revenue was $225.1 million, up 6.1% year over year from $212.1 million and up 4.3% from the fourth quarter of 2025.
GAAP diluted EPS was $0.74 versus $0.68 a year earlier; non-GAAP diluted EPS was $0.61 versus $0.52.
Q2 fiscal 2026 guidance: revenue of $212 million to $220 million and non-GAAP diluted EPS of $0.49 to $0.55.
Cash, cash equivalents and short-term investments were $636.9 million at quarter end; a conference call is set for February 27, 2026 at 8:30 a.m. Eastern.
Photronics appointed CFO Eric Rivera as President effective January 12, 2026, while he keeps the CFO role and principal financial officer duties. The company also named Rui (Elie) Zhang Chief Accounting Officer and Todd Alesio Senior Vice President and Chief Administrative Officer, a reshuffle the company describes as organizational clarity rather than a change in direction.
Eric Rivera, 49, appointed President effective January 12, 2026, and continues as Chief Financial Officer
Rui (Elie) Zhang, 55, appointed Chief Accounting Officer and principal accounting officer; remains Corporate Controller
Todd Alesio, 48, appointed Senior Vice President and Chief Administrative Officer; remains Head of Global Human Resources
Photronics enlarged its Board of Directors from eight to nine members and elected Michelle Almeida as an independent director effective January 1, 2026. The appointment is a board governance change with no financial results or guidance included in the filing.
Board size increased from eight to nine members; Michelle Almeida elected effective January 1, 2026
Almeida is a Certified Public Accountant with over 25 years of finance experience, currently Vice President Corporate Finance and Treasurer at Compass Datacenters
She has not yet been appointed to any Board committees and will receive compensation similar to other non-employee directors
Photronics said Executive Vice President and Chief Technology Officer Christopher Progler stepped down effective December 29, 2025, as part of a planned leadership transition after more than 20 years of service. Under his employment agreement, he is entitled to a $445,805 payment and 360 days of medical and dental coverage, conditioned on signing a release, and he is considering an advisory role with the company.
Progler stepped down as EVP and Chief Technology Officer effective December 29, 2025
Severance equal to 12 months of base salary: $445,805, paid in 26 equal installments, conditioned on a release agreement
Medical and dental coverage continues for 360 days
Progler is considering an advisory engagement with the company; CEO George Macricostas thanked him for his service
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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