PHOTRONICS INC Annual Report - How They Did This Year

Hey there, fellow investor! Let's dive into how Photronics Inc. (PLAB) performed in their fiscal year ending October 31, 2025.

First off, what exactly does Photronics do? Think of them as the unsung heroes behind your electronics. They make something called photomasks. Imagine these as super-precise stencils used to create the intricate patterns on integrated circuits (ICs), which are basically the chips that power everything from your phone to your computer, and also on flat-panel displays (FPDs), like the screens on your TV or tablet.

They operate in two main areas:

• High-end photomasks: These are for the most advanced stuff – cutting-edge chips (28 nanometers or smaller) and fancy displays like AMOLED and large-format screens (Generation 10.5+).
• Mainstream photomasks: These cater to chips that are still very important but not quite as bleeding-edge (larger than 28 nanometers) and slightly smaller or less complex display screens (Generation 8 and smaller).

As of May 2, 2025, the company had a market value of around $934.8 million, with about 59 million shares of common stock floating around. They are considered a "well-known seasoned issuer" and a "large accelerated filer" by the SEC.

They also have a joint venture called PDMCX in China with Dai Nippon Printing Co., Ltd. (DNP).

Key Takeaways:

• Photronics Inc. specializes in manufacturing photomasks for integrated circuits and flat-panel displays.
• Their business is segmented into high-end (advanced chips and displays) and mainstream (less advanced chips and displays) photomasks.
• As of May 2, 2025, the company's market value was approximately $934.8 million, with 59 million shares outstanding.
• Photronics maintains a global presence through a joint venture in China.