Photronics, Inc.

NasdaqGS:PLAB Stock Report

Market Cap: US$2.9b

Photronics Future Growth

Future criteria checks 0/6

Photronics is forecast to grow earnings and revenue by 0.5% and 4.3% per annum respectively while EPS is expected to grow by 0.6% per annum.

Key information

0.5%

Earnings growth rate

0.63%

EPS growth rate

Semiconductor earnings growth26.1%
Revenue growth rate4.3%
Future return on equityn/a
Analyst coverage

Low

Last updated01 May 2026

Recent future growth updates

Recent updates

PLAB: Bullish Initiation And Advanced Display Capacity Will Support Steady Outlook

Analysts kept their fair value estimate for Photronics steady at $47.00, with a new bullish initiation highlighting confidence in the company's long term earnings profile and supporting assumptions such as a roughly 10.47% discount rate and a future P/E of about 25x. Analyst Commentary Analysts framing the new bullish initiation on Photronics are leaning on the existing fair value estimate of US$47.00, the assumed 10.47% discount rate, and a projected P/E of about 25x to shape their views on both upside potential and execution risks.

PLAB: Bullish Research And New Mask Writer Support Steady Fair Value Outlook

Analysts now hold their price target for Photronics at $47.00. This level is supported by recent bullish research that highlights the company’s position in its market and updated assumptions around discount rate, revenue growth, profit margin and future P/E.

PLAB: Completed Buybacks And 2026 Guidance Will Support Richer Earnings Multiple

Analysts have adjusted their price target on Photronics slightly lower, from $48 to $47, citing updated assumptions around revenue growth, profit margins, and a higher future P/E multiple following recent bullish initiation research. Analyst Commentary Bullish Takeaways Bullish analysts see room for valuation support at the updated US$47 target, citing assumptions that leave flexibility if execution on revenue and margin goals tracks in line with their models.

PLAB: Completed Buybacks And 2026 Guidance Will Support Higher Earnings Multiple

Analysts have lifted their price target on Photronics from $42 to $48, citing adjusted assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News Photronics confirmed earnings guidance for the second quarter of fiscal 2026, with expected revenue in a range of US$212 million to US$220 million (Corporate Guidance).

PLAB: Completed Buybacks And Fiscal 2026 Guidance Will Support Higher Earnings Multiple

Analysts have made modest adjustments to their price target for Photronics to reflect updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. These changes have led to a revised valuation level in dollar terms based on these updated inputs.

PLAB: Completed Buybacks And Q1 Guidance Will Support Higher Earnings Multiple

Analysts have modestly raised their price target on Photronics to US$42.00, reflecting slightly lower estimated discount rates and a small adjustment to the future P/E assumption, while keeping fair value unchanged. What's in the News Photronics reported that from August 4, 2025 to October 31, 2025, it repurchased 0 shares for US$0 under its existing buyback program, according to a buyback tranche update.

PLAB: Completed Buybacks And Solid Q1 Guidance Will Support Higher Earnings Multiple

Analysts have trimmed their price target for Photronics from US$43.50 to US$42.00, reflecting updated assumptions around slightly lower revenue growth, modestly softer profit margins, and a marginally higher future P/E multiple. What's in the News Photronics reported that between August 4, 2025 and October 31, 2025, it repurchased 0 shares for US$0 under its existing buyback program, indicating no additional activity in that tranche (Key Developments).

PLAB: Stable Margins And Guidance Will Support A Higher Future Earnings Multiple

Analysts have kept their price target for Photronics broadly steady around US$43.50, citing only minor adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E, rather than any shift in their overall view of the company. What's in the News Photronics issued earnings guidance for the first quarter of fiscal 2026, with expected revenue in the range of US$217 million to US$225 million (Key Developments).

Photronics, Inc.'s (NASDAQ:PLAB) Shares Bounce 38% But Its Business Still Trails The Market

Jan 03
Photronics, Inc.'s (NASDAQ:PLAB) Shares Bounce 38% But Its Business Still Trails The Market

PLAB: Stronger Long Term Margins Will Support A Higher Future Earnings Multiple

Analysts have raised their price target on Photronics by approximately $3.00 to $43.50 per share, citing slightly stronger projected revenue growth, modestly higher long term profit margins, and a richer expected future P/E multiple, despite a marginally higher discount rate. What's in the News The company issued earnings guidance for the first quarter of fiscal 2026, projecting revenue between $217 million and $225 million (company guidance filing).

PLAB: Higher Revenue Outlook Will Offset Modestly Lower Profitability Expectations

Analysts have raised their price target on Photronics from approximately 33 dollars to 40.50 dollars, citing stronger expected revenue growth and a higher future earnings multiple that more than offset modestly lower margin assumptions and a slightly higher discount rate. What's in the News Photronics issued new guidance for the first quarter of fiscal 2026, projecting revenue between 217 million dollars and 225 million dollars, based on company guidance.

Photronics: Good End To The Year, But Not That Good

Dec 11

US And Asian Upgrades Will Reshape Semiconductor Markets Amid Uncertainty

The upward revision in Photronics’ price target primarily reflects stronger expected revenue growth and a significant decrease in the forward P/E multiple, resulting in the consensus fair value rising from $31.00 to $33.00. What's in the News Increased equity buyback authorization by $25 million to a total of $193.64 million.

Photronics (NASDAQ:PLAB) Is Looking To Continue Growing Its Returns On Capital

Jun 16
Photronics (NASDAQ:PLAB) Is Looking To Continue Growing Its Returns On Capital

Photronics: Valuation Increasingly Attractive Despite Delayed Recovery Amidst Tariff Chaos

Apr 22

Lack Of Dividend Concerning For A Cash-Rich Value Company Like Photronics

Mar 04

Photronics, Inc.'s (NASDAQ:PLAB) Low P/E No Reason For Excitement

Feb 26
Photronics, Inc.'s (NASDAQ:PLAB) Low P/E No Reason For Excitement

Photronics (NASDAQ:PLAB) Shareholders Will Want The ROCE Trajectory To Continue

Jan 19
Photronics (NASDAQ:PLAB) Shareholders Will Want The ROCE Trajectory To Continue

Photronics: A Hidden AI Growth Gem

Dec 26

Is Now An Opportune Moment To Examine Photronics, Inc. (NASDAQ:PLAB)?

Dec 18
Is Now An Opportune Moment To Examine Photronics, Inc. (NASDAQ:PLAB)?

Earnings and Revenue Growth Forecasts

NasdaqGS:PLAB - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
10/31/2027928138N/AN/A2
10/31/2026884137N/AN/A2
2/1/202686213666267N/A
10/31/202584913660248N/A
8/3/202585610864228N/A
5/4/202585712090253N/A
2/2/2025863147175298N/A
10/31/2024867131130261N/A
7/28/2024872141159300N/A
4/28/2024885134173310N/A
1/28/2024897138172316N/A
10/31/2023892125171302N/A
7/30/2023875118130275N/A
4/30/2023871122146282N/A
1/29/2023846110119244N/A
10/31/2022825119163275N/A
7/31/2022796102170234N/A
5/1/202274687125196N/A
1/30/20227027073184N/A
10/31/20216645542151N/A
8/1/20216324251178N/A
5/2/20216193626140N/A
1/31/20216023264139N/A
10/31/20206103472143N/A
8/2/20206173768123N/A
5/3/20205973364132N/A
2/2/20205863533118N/A
10/31/201955130N/A68N/A
7/28/201953933N/A67N/A
4/28/201953739N/A90N/A
1/27/201953741N/A80N/A
10/31/201853542N/A131N/A
7/29/201851235N/A110N/A
4/29/201848726N/A88N/A
1/28/201846417N/A96N/A
10/29/201745113N/A97N/A
7/30/201743713N/A105N/A
4/30/201744917N/A104N/A
1/29/201746327N/A110N/A
10/30/201648346N/A122N/A
7/31/201651860N/A133N/A
5/1/201652664N/A140N/A
1/31/201653162N/A154N/A
11/1/201552445N/A133N/A
8/2/201550730N/A126N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLAB's forecast earnings growth (0.5% per year) is below the savings rate (3.5%).

Earnings vs Market: PLAB's earnings (0.5% per year) are forecast to grow slower than the US market (16% per year).

High Growth Earnings: PLAB's earnings are forecast to grow, but not significantly.

Revenue vs Market: PLAB's revenue (4.3% per year) is forecast to grow slower than the US market (11.2% per year).

High Growth Revenue: PLAB's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PLAB's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/05 04:49
End of Day Share Price 2026/05/05 00:00
Earnings2026/02/01
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Photronics, Inc. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Krish SankarBofA Global Research
Christian SchwabCraig-Hallum Capital Group LLC
Maxwell MichaelisLake Street Capital Markets, LLC