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Photronics Inc

Logo: Photronics Inc, Public domain, via Wikimedia Commons5

American photomask manufacturer

Photronics, Inc. is an American photomask manufacturer for integrated circuits and flat-panel displays.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$849.3MRevenue, fiscal 20256
$136.4MNet income, fiscal 20256
1969Founded1

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  • TickerPLAB on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersBrookfield1
  • Websitewww.photronics.com
  • Incorporated inCT7
  • Business address15 Secor Road, Po Box 5226, Brookfield, Ct 068047
  • Filer categoryLarge accelerated filer7
  • Legal formStock Corporation4
  • LEI549300OK5JVNIBNY6F634
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O C T Corporation System, 06040 Manchester, United States4
  • Registered withSecretary of the State's Commercial Recording Division, 00365974

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Photronics, Inc. is an American photomask manufacturer for integrated circuits and flat-panel displays. It was the third largest photomask supplier globally as of 2009. It is a member of the eBeam Initiative.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.3%Gross margin6
24.5%Operating margin6
16.1%Net margin6
-2.0%Revenue growth, 20256
11.6%Return on equity6
$59.7MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Mainstream Integrated Circuits brought in 44% of the revenue Photronics Inc broke down this way in fiscal 2025.

  1. Mainstream Integrated Circuits$376.2M644%down 8% from 2024
  2. High End Integrated Circuits$238.9M628%up 5% from 2024
  3. High End Flat Panel Displays$195.5M623%up 0% from 2024
  4. Mainstream Flat Panel Displays$38.7M65%up 16% from 2024
Products and services by year
Products and services202320242025
Mainstream Integrated Circuits$456.3M$409.7M$376.2M
High End Integrated Circuits$194.9M$228.5M$238.9M
High End Flat Panel Displays$200.8M$195.4M$195.5M
Mainstream Flat Panel Displays$40.0M$33.4M$38.7M

Regions

Taiwan brought in 33% of the revenue Photronics Inc broke down this way in fiscal 2025.

  1. Taiwan$283.8M633%down 2% from 2024
  2. China$221.0M626%down 5% from 2024
  3. South Korea$158.5M619%up 0% from 2024
  4. United States$148.9M618%up 2% from 2024
  5. Europe$34.1M64%down 13% from 2024
  6. Other$2.9M60%up 61% from 2024
Regions by year
Regions202320242025
Taiwan$316.9M$288.3M$283.8M
China$245.4M$232.9M$221.0M
South Korea$162.2M$158.0M$158.5M
United States$128.9M$146.7M$148.9M
Europe$36.6M$39.2M$34.1M
Other$2.1M$1.8M$2.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$549.5M
  • Research and development2¢$15.8M
  • Selling, general and admin9¢$75.6M
  • Other costs5¢$40.4M
  • Income tax4¢$31.6M
  • Profit16¢$136.4M

Out of $849.3M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending66¢$188.1M
  • Share buybacks34¢$97.4M

Out of $247.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue9101112136$849.3M in 2025+59% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $535.3M$535.3M20182019: $550.7M$550.7M2019+3%2020: $609.7M$609.7M2020+11%2021: $663.8M$663.8M2021+9%2022: $824.5M$824.5M2022+24%2023: $892.1M$892.1M2023+8%2024: $866.9M$866.9M2024−3%2025: $849.3M$849.3M2025−2%
Gross profit9101112136$299.8M in 2025+128% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $131.5M$131.5M20182019: $120.8M$120.8M2019−8%2020: $134.7M$134.7M2020+11%2021: $167.0M$167.0M2021+24%2022: $294.2M$294.2M2022+76%2023: $336.2M$336.2M2023+14%2024: $315.9M$315.9M2024−6%2025: $299.8M$299.8M2025−5%
Operating income9101112136$208.2M in 2025+217% since 2018
0$100.0M$200.0M$300.0M2018: $65.6M$65.6M20182019: $52.1M$52.1M2019−21%2020: $63.9M$63.9M2020+23%2021: $94.6M$94.6M2021+48%2022: $211.9M$211.9M2022+124%2023: $253.1M$253.1M2023+19%2024: $221.5M$221.5M2024−12%2025: $208.2M$208.2M2025−6%
Net income9101112136$136.4M in 2025+224% since 2018
0$50.0M$100.0M$150.0M2018: $42.1M$42.1M20182019: $29.8M$29.8M2019−29%2020: $33.8M$33.8M2020+14%2021: $55.4M$55.4M2021+64%2022: $118.8M$118.8M2022+114%2023: $125.5M$125.5M2023+6%2024: $130.7M$130.7M2024+4%2025: $136.4M$136.4M2025+4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-10-312024-10-312023-10-31
Revenue$849.3M$866.9M$892.1M
Cost of goods sold$549.5M$551.0M$555.9M
Gross profit$299.8M$315.9M$336.2M
Selling, general and administrative$75.6M$77.8M$69.5M
Research and development$15.8M$16.6M$13.7M
Total operating expenses$91.4M$94.3M$83.1M
Other operating expense-$240.0K-$92.0K$0
Operating income$208.2M$221.5M$253.1M
Foreign currency transactions impacts, net-$8.3M$2.2M$2.5M
Interest income and other income, net$22.0M$24.1M$14.9M
Interest expense-$55.0K-$334.0K-$433.0K
Income before income tax provision$221.8M$247.4M$269.9M
Income tax provision$31.6M$63.6M$70.3M
Net income$190.2M$183.8M$199.6M
Net income attributable to noncontrolling interests$53.8M$53.2M$74.1M
Net income attributable to Photronics, Inc. shareholders$136.4M$130.7M$125.5M
Basic (in Dollars per share)$2.29$2.12$2.05
Diluted (in Dollars per share)$2.28$2.09$2.03
Basic (in Shares)59.6M shares61.7M shares61.1M shares
Diluted (in Shares)59.9M shares62.4M shares61.8M shares

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The story

Photronics was founded in 1969 by Constantine Macricostas in Danbury, Connecticut.

From Wikipedia’s article on Photronics, shared under CC BY-SA 4.0.8

Leadership

Who has led Photronics Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael J. Luttati2006–2008
  2. Constantine S. Macricostas2008–2014
  3. Peter S. Kirlin2015–2022
  4. Kang Jyh Lee2022–2025
  5. George Macricostas2025–now

Chair

  1. Constantine S. Macricostas2015–2017
  2. George Macricostas2025

President

  1. Soo Hong Jeong2006–2014
  2. Constantine S. Macricostas2009–2014
  3. Peter S. Kirlin2013–2014
  4. Kang Jyh Lee2018–2022
  5. Eric Rivera2026–now

Chief financial officer

  1. Sean T. Smith2006–2017
  2. John P. Jordan2017–2024
  3. Eric Rivera2024–now

Chief operating officer

  1. Soo Hong Jeong2006–2014
  2. Han Kyung Park2024
  3. Hsueh-Chun Wang2024–now
197019801990200020102020
Board members and other officers (22)

Products and brands

  • semiconductor

Listed on Wikidata.1

Timeline

  1. Jul 10, 2025New chief executive George Macricostas becomes CEO18
  2. May 20, 2022New chief executive Kang Jyh Lee becomes CEO19
  3. May 28, 2015New chief executive Peter S. Kirlin becomes CEO20
  4. Dec 29, 2008New chief executive Constantine S. Macricostas becomes CEO21
  5. Jan 5, 2006New chief executive Michael J. Luttati becomes CEO22
  6. 1969Founded Founded1

Filings

417 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 218 insider forms, 18 large holders, 117 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Sep 29, 2026144 EDGAR
  5. Sep 29, 20264 EDGAR
  6. Sep 28, 20264 EDGAR
  7. Sep 25, 2026144 EDGAR
  8. Sep 24, 2026144 EDGAR
  9. Sep 24, 20264 EDGAR
  10. Sep 22, 2026144 EDGAR
  11. Sep 10, 202610-Q EDGAR
  12. Aug 26, 20268-K CURRENT REPORT FILING EDGAR
  13. Aug 14, 2026SCHEDULE 13G EDGAR
  14. Jul 31, 2026SCHEDULE 13G EDGAR
  15. Jul 14, 2026SCHEDULE 13G/A EDGAR
  16. Jun 11, 202610-Q EDGAR
  17. Jun 2, 2026SD EDGAR
  18. May 28, 20268-K EDGAR
  19. Apr 21, 20264 EDGAR
  20. Apr 21, 20264 EDGAR

The 417 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

118 open-market trades by officers, directors and large owners since October 2021: 1 buys and 117 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026Park Han KyungSVP & GM of FPD OpsSale9,500$30.37$288.5KForm 4
Sep 24, 2026Lee Kang JyhDirectorSale7,500$29.50$221.2KForm 4
Sep 22, 2026Lee Kang JyhDirectorSale10,000$29.70$297.0KForm 4
Apr 17, 2026ZHANG RUIVP, CAO & Corporate ControllerSale4,556$46.70$212.8KForm 4
Apr 16, 2026Lee Kang JyhDirectorSale20,000$45.92$918.5KForm 4
Apr 15, 2026Lee Kang JyhDirectorSale10,000$45.10$451.0KForm 4
Apr 14, 2026Wang Hsueh-ChunSVP/COO IC & US/EU Mnstrm OpsSale19,250$45.30$872.0KForm 4
Apr 14, 2026MACRICOSTAS CONSTANTINE SDirectorSale50,000$45.35$2.3MForm 4
Apr 13, 2026Lee Kang JyhDirectorSale5,000$45.00$225.0KForm 4
Apr 13, 2026Rivera EricPresident, CFOSale1,000$44.77$44.8KForm 4
Apr 9, 2026Wang Hsueh-ChunSVP/COO IC & US/EU Mnstrm OpsSale11,875$44.25$525.5KForm 4
Apr 9, 2026Rivera EricPresident, CFOSale41,517$44.00$1.8MForm 4
Apr 9, 2026Lee Kang JyhDirectorSale5,000$44.00$220.0KForm 4
Apr 8, 2026MACRICOSTAS GEORGECEOSale121,194$42.94$5.2MForm 4
Apr 8, 2026ZHANG RUIVP, CAO & Corporate ControllerSale1,752$43.50$76.2KForm 4
Apr 8, 2026Wang Hsueh-ChunSVP/COO IC & US/EU Mnstrm OpsSale10,000$42.69$426.9KForm 4
Apr 8, 2026Lee Kang JyhDirectorSale5,000$43.27$216.3KForm 4
Apr 6, 2026Lee Kang JyhDirectorSale5,000$40.53$202.7KForm 4
Apr 1, 2026TYSON MITCHELL GDirectorSale10,000$42.31$423.1KForm 4
Apr 1, 2026Wang Hsueh-ChunSVP/COO IC & US/EU Mnstrm OpsSale10,000$42.08$420.8KForm 4

All 118 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,486,185$308.6M0.0%+99,125
Dimensional Fund Advisors LP3,642,585$118.5M0.0%−320,080
American Century Companies Inc3,387,380$110.2M0.0%+567,453
Vanguard Portfolio Management LLC2,972,130$96.7M0.0%+127,393
Vanguard Capital Management LLC2,501,565$81.4M0.0%−1,526
State Street Corp2,339,871$76.1M0.0%+100,101
Geode Capital Management, LLC2,167,677$70.5M0.0%+313,074
Invesco Ltd.1,840,112$59.9M0.0%+412,594
Victory Capital Management Inc1,462,087$47.6M0.0%−476,540
Vaughan Nelson Investment Management, L.P.1,071,105$34.8M0.3%−114,300
Morgan Stanley1,015,694$33.0M0.0%−10,342
Charles Schwab Investment Management Inc972,738$31.6M0.0%−32,161
Northern Trust Corp888,983$28.9M0.0%+37,649
Boston Partners665,700$21.2M0.0%−119,539
Needham Investment Management LLC585,500$19.0M0.6%−19,500
Easterly Investment Partners LLC466,274$15.2M0.8%+62,576
Allianz Asset Management GmbH369,478$14.9M0.0%No change
Aqr Capital Management LLC414,691$13.5M0.0%−71,663
Vanguard Fiduciary Trust Co397,969$12.9M0.0%+19,321
Bank of New York Mellon Corp380,402$12.4M0.0%+2,287
Heartland Advisors Inc379,795$12.4M0.6%+9,120
Segall Bryant & Hamill, LLC374,171$12.2M0.1%+311,809
Tcw Group Inc355,820$11.6M0.1%+36,300
Bridgeway Capital Management, LLC352,834$11.5M0.2%−10,000
Royce & Associates LP341,476$11.1M0.1%−32,157

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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