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Photronics (PLAB)

Market Price (5/12/2026): $55.04 | Market Cap: $3.2 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Photronics (PLAB)

Market Price (5/12/2026): $55.04
Market Cap: $3.2 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Stock price has recently run up significantly
6M Rtn6 month market price return is 144%, 12M Rtn12 month market price return is 183%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 137%

Key risks
PLAB key risks include [1] a significant increase in capital expenditure projected for 2026, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -20%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more.
3 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4 Stock price has recently run up significantly
6M Rtn6 month market price return is 144%, 12M Rtn12 month market price return is 183%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%
6 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 137%
7 Key risks
PLAB key risks include [1] a significant increase in capital expenditure projected for 2026, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Photronics (PLAB) stock has gained about 60% since 1/31/2026 because of the following key factors:

1. Photronics exceeded Q1 Fiscal 2026 earnings expectations with robust performance in its high-end integrated circuit (IC) segment. The company reported revenue of $225.1 million for the quarter ended February 1, 2026, an increase of 6.1% year-over-year, surpassing analyst estimates of $220.09 million. Non-GAAP diluted earnings per share (EPS) reached $0.61, beating the consensus estimate of $0.54 by $0.07 or 15.82%. This strong performance was primarily driven by record high-end IC revenue of $71 million, representing a 19% increase, which the company attributed to AI-driven chip packaging applications and advanced logic nodes.

2. Analysts demonstrated increased confidence in Photronics, leading to multiple rating upgrades and raised price targets. Craig-Hallum reiterated a "buy" rating and set a $48.00 price target in early March 2026. Zacks Research upgraded Photronics from a "hold" to a "strong-buy" rating on April 14, 2026, while Lake Street Capital reissued a "buy" rating and set a $55.00 target price later in April. The consensus among analysts shifted to a "Strong Buy" rating with an average price target of up to $51.50, reflecting positive outlooks for the company's future performance.

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Stock Movement Drivers

Fundamental Drivers

The 59.0% change in PLAB stock from 1/31/2026 to 5/11/2026 was primarily driven by a 59.4% change in the company's P/E Multiple.
(LTM values as of)13120265112026Change
Stock Price ($)34.5754.9659.0%
Change Contribution By: 
Total Revenues ($ Mil)8498621.5%
Net Income Margin (%)16.1%15.8%-1.4%
P/E Multiple14.623.359.4%
Shares Outstanding (Mil)5858-0.3%
Cumulative Contribution59.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/11/2026
ReturnCorrelation
PLAB59.0% 
Market (SPY)3.6%63.2%
Sector (XLK)23.8%67.8%

Fundamental Drivers

The 130.0% change in PLAB stock from 10/31/2025 to 5/11/2026 was primarily driven by a 82.3% change in the company's P/E Multiple.
(LTM values as of)103120255112026Change
Stock Price ($)23.9054.96130.0%
Change Contribution By: 
Total Revenues ($ Mil)8568620.7%
Net Income Margin (%)12.7%15.8%24.9%
P/E Multiple12.823.382.3%
Shares Outstanding (Mil)58580.2%
Cumulative Contribution130.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/11/2026
ReturnCorrelation
PLAB130.0% 
Market (SPY)5.5%47.3%
Sector (XLK)18.6%48.3%

Fundamental Drivers

The 200.8% change in PLAB stock from 4/30/2025 to 5/11/2026 was primarily driven by a 202.3% change in the company's P/E Multiple.
(LTM values as of)43020255112026Change
Stock Price ($)18.2754.96200.8%
Change Contribution By: 
Total Revenues ($ Mil)863862-0.1%
Net Income Margin (%)17.1%15.8%-7.3%
P/E Multiple7.723.3202.3%
Shares Outstanding (Mil)62587.4%
Cumulative Contribution200.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/11/2026
ReturnCorrelation
PLAB200.8% 
Market (SPY)30.4%49.0%
Sector (XLK)70.4%50.6%

Fundamental Drivers

The 280.1% change in PLAB stock from 4/30/2023 to 5/11/2026 was primarily driven by a 189.9% change in the company's P/E Multiple.
(LTM values as of)43020235112026Change
Stock Price ($)14.4654.96280.1%
Change Contribution By: 
Total Revenues ($ Mil)8468621.9%
Net Income Margin (%)13.0%15.8%22.0%
P/E Multiple8.023.3189.9%
Shares Outstanding (Mil)61585.4%
Cumulative Contribution280.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/11/2026
ReturnCorrelation
PLAB280.1% 
Market (SPY)78.7%53.5%
Sector (XLK)140.8%55.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PLAB Return69%-11%86%-25%36%68%381%
Peers Return48%-37%60%1%48%99%342%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
PLAB Win Rate58%42%50%25%50%100% 
Peers Win Rate65%32%65%47%60%80% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
PLAB Max Drawdown-2%-25%-16%-34%-29%-2% 
Peers Max Drawdown-6%-51%-7%-9%-31%-0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMAT, KLAC, VECO, FORM, MKSI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)

How Low Can It Go

EventPLABS&P 500
2025 US Tariff Shock
  % Loss-26.0%-18.8%
  % Gain to Breakeven35.1%23.1%
  Time to Breakeven89 days79 days
2024 Yen Carry Trade Unwind
  % Loss-19.5%-7.8%
  % Gain to Breakeven24.2%8.5%
  Time to Breakeven23 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.6%-9.5%
  % Gain to Breakeven40.0%10.5%
  Time to Breakeven44 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.4%-6.7%
  % Gain to Breakeven28.9%7.1%
  Time to Breakeven28 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.2%-24.5%
  % Gain to Breakeven35.5%32.4%
  Time to Breakeven129 days427 days
2020 COVID-19 Crash
  % Loss-42.1%-33.7%
  % Gain to Breakeven72.6%50.9%
  Time to Breakeven531 days140 days

Compare to AMAT, KLAC, VECO, FORM, MKSI

In The Past

Photronics's stock fell -26.0% during the 2025 US Tariff Shock. Such a loss loss requires a 35.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPLABS&P 500
2025 US Tariff Shock
  % Loss-26.0%-18.8%
  % Gain to Breakeven35.1%23.1%
  Time to Breakeven89 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-28.6%-9.5%
  % Gain to Breakeven40.0%10.5%
  Time to Breakeven44 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.4%-6.7%
  % Gain to Breakeven28.9%7.1%
  Time to Breakeven28 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.2%-24.5%
  % Gain to Breakeven35.5%32.4%
  Time to Breakeven129 days427 days
2020 COVID-19 Crash
  % Loss-42.1%-33.7%
  % Gain to Breakeven72.6%50.9%
  Time to Breakeven531 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-46.3%-17.9%
  % Gain to Breakeven86.3%21.8%
  Time to Breakeven746 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-24.9%-15.4%
  % Gain to Breakeven33.1%18.2%
  Time to Breakeven91 days125 days
2008-2009 Global Financial Crisis
  % Loss-97.3%-53.4%
  % Gain to Breakeven3597.1%114.4%
  Time to Breakeven4033 days1085 days
Summer 2007 Credit Crunch
  % Loss-26.0%-8.6%
  % Gain to Breakeven35.1%9.5%
  Time to Breakeven4488 days47 days

Compare to AMAT, KLAC, VECO, FORM, MKSI

In The Past

Photronics's stock fell -26.0% during the 2025 US Tariff Shock. Such a loss loss requires a 35.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Photronics (PLAB)

Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, and foundries, as well as to other high-performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.

AI Analysis | Feedback

Here are a few analogies for Photronics:

  • The ASML of photomasks for chips and displays.
  • The TSMC of patterning templates for electronics manufacturing.

AI Analysis | Feedback

  • Photomasks: These products are crucial for transferring circuit patterns onto semiconductor wafers, flat panel display substrates, and other electrical and optical components during the manufacturing process of integrated circuits and flat panel displays.

AI Analysis | Feedback

Photronics, Inc. (PLAB) sells its products primarily to other companies.

Based on publicly available information, Photronics does not disclose the names of its specific major customers. Financial filings indicate that no single customer accounted for 10% or more of the company's consolidated net sales in recent fiscal years, suggesting a diversified customer base.

However, Photronics broadly identifies the categories of companies it serves as:

  • Semiconductor manufacturers
  • Flat Panel Display (FPD) manufacturers
  • Designers (of integrated circuits and FPDs)
  • Foundries (semiconductor foundries)
  • Other high-performance electronics manufacturers

AI Analysis | Feedback

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AI Analysis | Feedback

George Macricostas, Chief Executive Officer and Executive Chairman

Mr. Macricostas was appointed Chief Executive Officer in May 2025 and also serves as the Executive Chairman of the Board. He is described as a seasoned investor and entrepreneur. Photronics was founded by his father, Constantine (Deno) Macricostas, in 1969.

Eric Rivera, President and Chief Financial Officer

Mr. Rivera was appointed President effective January 12, 2026, while continuing in his role as Chief Financial Officer and principal financial officer. He was promoted to CFO in May 2024, having served as interim CFO since February 2024 and Chief Accounting Officer since 2020. Mr. Rivera joined Photronics in 2016 as Corporate Controller. Prior to Photronics, he held various positions in accounting and financial reporting at IBM and Thomson Reuters. He is a Certified Public Accountant (CPA) and holds a Bachelor of Science degree in Accounting from Mercy University.

Dr. Christopher J. Progler, Executive Vice President, Chief Technology Officer, and Strategic Planning

Dr. Progler joined Photronics in 2001 as Corporate Chief Scientist. He was named Vice President & Chief Technology Officer in 2004, took on Strategic Planning responsibilities in 2011, and was promoted to Executive Vice President in January 2020. He has over 30 years of experience in advanced photolithography and mask making, with previous employers including IBM, Texas Instruments, and ST Microelectronics. Dr. Progler is recognized for his contributions to lithographic sciences and was elected a Fellow of SPIE – The International Society of Optical Engineering in 2004. As of January 2, 2026, Dr. Progler is transitioning from his current role as part of a planned leadership transition and is considering an advisory engagement with the company.

Rui (Elie) Zhang, Chief Accounting Officer and Corporate Controller

Ms. Zhang was appointed Chief Accounting Officer and principal accounting officer effective January 12, 2026. She continues to serve as Corporate Controller, a position she has held since 2024, and previously served as Assistant Controller.

Todd Alesio, Senior Vice President and Chief Administrative Officer, Head of Global Human Resources

Mr. Alesio was appointed Senior Vice President and Chief Administrative Officer effective January 12, 2026. He also continues to serve as Head of Global Human Resources. Mr. Alesio joined Photronics in November 2024.

AI Analysis | Feedback

The key risks to Photronics' business operations are primarily concentrated in the highly dynamic and competitive semiconductor and flat panel display (FPD) industries.
  1. Competitive Market Landscape, Technological Disruption, and Pricing Pressures: Photronics operates in a highly competitive industry, necessitating continuous innovation and significant capital investment in advanced manufacturing capabilities to maintain its market position. The rapid pace of technological change in the semiconductor and FPD sectors, including potential disruptive technologies or new fabrication methods, poses a constant threat to demand for photomasks. This competitive environment frequently leads to pricing pressures, which can strain the company's profit margins despite the need for substantial investment in cutting-edge technology.
  2. Cyclicality and Economic Uncertainties in the Microelectronics Industry: Photronics' business is inherently tied to the volatile microelectronics industry. Demand for photomasks is significantly influenced by overall economic conditions, trade tensions, and regulatory changes, as well as the cyclical nature of semiconductor and FPD manufacturing. Economic downturns or a slowdown in new product design and development by semiconductor or FPD manufacturers can lead to reduced demand for photomasks, directly impacting Photronics' revenue and profitability.
  3. Customer and Geographic Concentration, coupled with Geopolitical Tensions: The company faces risks due to its dependency on a limited number of significant customers and its substantial international operations, with a considerable portion of revenue derived from non-U.S. markets, particularly Taiwan. The loss of a major customer or a significant reduction in orders could materially impact revenues. Furthermore, ongoing geopolitical tensions, such as the U.S.-China technology rivalry and potential conflicts involving Taiwan, a critical manufacturing hub, pose significant risks by disrupting supply chains and potentially limiting market access.

AI Analysis | Feedback

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AI Analysis | Feedback

Photronics (PLAB) operates within the global photomask market, which is segmented by its primary applications in integrated circuit (IC) and flat panel display (FPD) manufacturing.

The global photomask market is projected to reach approximately USD 6.463 billion in 2026.

  • Photomasks for Integrated Circuits (ICs): The addressable market for photomasks used in semiconductor chip manufacturing is approximately 72% of the total global photomask market. Based on the 2026 projected market size, this equates to an addressable market of approximately USD 4.65 billion globally.

  • Photomasks for Flat Panel Displays (FPDs): The addressable market for photomasks used in flat panel display fabrication accounts for approximately 18% of the global photomask market. Based on the 2026 projected market size, this represents an addressable market of approximately USD 1.16 billion globally.

AI Analysis | Feedback

Photronics (PLAB) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:

  1. Surging Demand for High-End Integrated Circuits (IC), Driven by AI and Advanced Computing: Photronics is strategically positioned to benefit from the increasing global demand for high-performance computing and artificial intelligence (AI) chips. The company's expertise in manufacturing advanced photomasks for leading-edge nodes, such as 7nm, 5nm, and future 6-8nm, as well as 28nm and below, enables it to capture higher-margin business within the integrated circuit segment. This has already resulted in record high-end IC revenue, a trend anticipated to continue.
  2. Strategic Capital Investments and Capacity Expansion: The company is undergoing a period of elevated investment to expand and upgrade its manufacturing capacity, particularly for high-end photomasks in key regions like the United States and Korea. Photronics has outlined significant capital expenditures, estimated at approximately $330 million for fiscal year 2026, aimed at driving future organic growth. These investments also support semiconductor reshoring initiatives, with the Allen, Texas facility specifically mentioned to begin contributing revenue in the latter half of fiscal 2026.
  3. Growth in Advanced Flat Panel Display (FPD) Technologies: The Flat Panel Display segment is a significant contributor to Photronics' projected revenue growth. This is largely propelled by the increasing demand for advanced display technologies, especially high-end FPD products like AMOLED (Active-Matrix Organic Light-Emitting Diode) for both mobile devices and larger display formats (e.g., G8.6 and G10.5+ panels). Photronics is enhancing its capabilities in this area, including the installation of advanced mask writers for G8.6 AMOLED technology, which is expected to lead to richer pricing opportunities.
  4. Semiconductor Industry Regionalization and Reshoring Initiatives: The ongoing trend of regionalization and reshoring within the semiconductor industry, particularly in the United States, presents a favorable long-term driver for Photronics. The company's strategic investments in its U.S. facilities are in line with this trend, aiming to capitalize on localized semiconductor manufacturing efforts.
  5. Continuous Node Migration and New Chip Designs: A fundamental driver for photomask demand is the constant migration of customers to smaller design nodes (e.g., 22nm, 28nm, 32nm, and below) to achieve improved cost efficiencies and enhanced performance in their integrated circuits. Furthermore, the development of new designs and product roadmaps across both the IC and FPD segments consistently fuels the need for Photronics' photomask products.

AI Analysis | Feedback

Share Repurchases

  • Photronics completed a multi-year share repurchase program totaling 12,646,808 shares for US$165.98 million, which was initiated on September 14, 2020.
  • In fiscal 2025, Photronics utilized $97 million to repurchase 5 million shares at an average price of $19.52 per share.
  • As of March 2026, $27.6 million remains under the existing share repurchase authorization.

Capital Expenditures

  • Capital expenditures for the first quarter of fiscal 2026 were $47.6 million.
  • Management anticipates approximately $330 million in capital expenditures for fiscal 2026, a significant increase from around $190 million in fiscal 2025.
  • The primary focus of capital expenditures in fiscal 2026 is on expanding high-end and mainstream capacity in Asia (South Korea and China) and the U.S., including facility expansion and tool upgrades for node extension down to 8nm.

Better Bets vs. Photronics (PLAB)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Photronics Stock (+7.7%): Craig-Hallum PT Hike to $48 Signals Confidence03/05/2026
2Photronics Earnings Notes12/16/2025
3Photronics Stock Surges 61% In A Single Month, Should You Buy The Stock?12/11/2025
4How Does Photronics Stock Compare With Peers?12/11/2025
5Is Photronics Stock Built to Withstand More Downside?10/17/2025
6Why Photronics Stock Moved: PLAB Stock Has Gained 97% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)08/08/2025
7PLAB Dip Buy Analysis07/10/2025
8Photronics (PLAB) Valuation Ratios Comparison05/15/2025
9Photronics Total Shareholder Return (TSR): 24.2% in 2024 and 20.6% 3-yr compounded annual returns (above peer average)03/07/2025
10Photronics (PLAB) Operating Cash Flow Comparison02/17/2025
11ARTICLES 
12Small Cap Stocks Trading At 52-Week High12/11/2025
13Photronics Stock To $49?12/11/2025

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Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.0%0.0%0.0%
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Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.2%3.2%-3.0%
PLAB_2292024_Quality_Momentum_RoomToRun_10%02292024PLABPhotronicsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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Peer Comparisons

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Financials

PLABAMATKLACVECOFORMMKSIMedian
NamePhotroni.Applied .KLA Veeco In.FormFact.MKS  
Mkt Price54.96443.621,845.1961.21151.40319.71235.56
Mkt Cap3.2351.8241.63.711.821.516.7
Rev LTM86228,21413,0976558404,0722,467
Op Inc LTM2118,3915,4593080593402
FCF LTM666,1944,0104337402234
FCF 3Y Avg1386,6123,5344346382260
CFO LTM2678,7194,40257137557412
CFO 3Y Avg2948,2503,86263110503398

Growth & Margins

PLABAMATKLACVECOFORMMKSIMedian
NamePhotroni.Applied .KLA Veeco In.FormFact.MKS  
Rev Chg LTM-0.1%2.1%13.4%-7.7%9.6%11.5%5.8%
Rev Chg 3Y Avg0.7%2.4%8.0%0.8%5.8%4.3%3.4%
Rev Chg Q6.1%-2.1%11.5%-5.4%32.0%15.2%8.8%
QoQ Delta Rev Chg LTM1.5%-0.5%2.8%-1.3%7.0%3.6%2.1%
Op Inc Chg LTM-2.5%3.9%17.6%-65.8%72.7%11.0%7.5%
Op Inc Chg 3Y Avg-2.2%2.6%11.6%-2.1%118.9%5.7%4.2%
Op Mgn LTM24.5%29.7%41.7%4.6%9.5%14.6%19.5%
Op Mgn 3Y Avg26.0%29.3%39.4%9.6%5.7%14.1%20.0%
QoQ Delta Op Mgn LTM-0.1%-0.1%-0.3%-2.2%1.9%0.2%-0.1%
CFO/Rev LTM30.9%30.9%33.6%8.8%16.3%13.7%23.6%
CFO/Rev 3Y Avg33.6%30.1%33.9%9.2%14.4%13.2%22.3%
FCF/Rev LTM7.6%22.0%30.6%6.5%4.4%9.9%8.8%
FCF/Rev 3Y Avg15.7%24.2%31.0%6.3%6.0%10.1%12.9%

Valuation

PLABAMATKLACVECOFORMMKSIMedian
NamePhotroni.Applied .KLA Veeco In.FormFact.MKS  
Mkt Cap3.2351.8241.63.711.821.516.7
P/S3.712.518.45.614.05.39.1
P/Op Inc15.141.944.3124.0146.936.343.1
P/EBIT14.536.142.6116.8130.938.540.5
P/E23.344.951.7160.0172.465.958.8
P/CFO11.940.354.964.486.138.747.6
Total Yield4.3%2.6%2.4%0.6%0.6%1.8%2.1%
Dividend Yield0.0%0.4%0.4%0.0%0.0%0.3%0.1%
FCF Yield 3Y Avg8.2%4.4%3.1%2.8%1.5%4.8%3.7%
D/E0.00.00.00.10.00.20.0
Net D/E-0.2-0.00.0-0.0-0.00.2-0.0

Returns

PLABAMATKLACVECOFORMMKSIMedian
NamePhotroni.Applied .KLA Veeco In.FormFact.MKS  
1M Rtn22.4%11.0%6.2%52.9%22.3%19.0%20.6%
3M Rtn46.4%34.4%28.3%100.6%59.6%27.7%40.4%
6M Rtn144.5%89.3%52.0%97.1%182.7%101.7%99.4%
12M Rtn182.6%187.6%165.1%218.6%408.1%302.3%203.1%
3Y Rtn261.1%292.2%388.5%194.7%436.3%299.4%295.8%
1M Excs Rtn13.7%2.3%-2.5%44.1%13.6%10.2%11.9%
3M Excs Rtn40.0%27.9%21.9%94.2%53.1%21.3%34.0%
6M Excs Rtn132.0%80.3%43.1%99.7%168.9%96.1%97.9%
12M Excs Rtn150.4%156.0%133.5%176.7%374.3%285.8%166.4%
3Y Excs Rtn203.4%222.3%325.6%161.2%387.5%206.6%214.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Integrated circuits (IC)638651593460418
Flat-panel displays (FPD)229241232204191
Total867892825664610


Price Behavior

Price Behavior
Market Price$54.96 
Market Cap ($ Bil)3.2 
First Trading Date03/26/1990 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$42.88$31.15
DMA Trendupup
Distance from DMA28.2%76.4%
 3M1YR
Volatility70.1%73.0%
Downside Capture0.931.37
Upside Capture337.03317.77
Correlation (SPY)58.6%48.2%
PLAB Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.652.672.963.192.841.98
Up Beta3.423.443.513.292.741.80
Down Beta1.333.262.211.812.431.59
Up Capture228%341%483%966%1043%3507%
Bmk +ve Days15223166141428
Stock +ve Days15263665129376
Down Capture-323%142%202%208%181%113%
Bmk -ve Days4183056108321
Stock -ve Days7172860120368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PLAB
PLAB195.1%72.9%1.77-
Sector ETF (XLK)64.5%20.8%2.2950.2%
Equity (SPY)28.1%12.5%1.7848.4%
Gold (GLD)42.9%26.9%1.307.9%
Commodities (DBC)48.6%18.0%2.14-8.2%
Real Estate (VNQ)13.6%13.5%0.7016.9%
Bitcoin (BTCUSD)-22.4%41.7%-0.5026.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PLAB
PLAB35.4%54.9%0.75-
Sector ETF (XLK)22.0%24.8%0.7855.8%
Equity (SPY)12.9%17.1%0.5954.1%
Gold (GLD)21.2%17.9%0.9610.5%
Commodities (DBC)13.5%19.1%0.5812.1%
Real Estate (VNQ)3.6%18.8%0.0934.1%
Bitcoin (BTCUSD)8.5%56.0%0.3622.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with PLAB
PLAB18.4%49.2%0.53-
Sector ETF (XLK)25.1%24.4%0.9353.9%
Equity (SPY)15.0%17.9%0.7253.0%
Gold (GLD)13.4%15.9%0.708.8%
Commodities (DBC)9.5%17.7%0.4518.1%
Real Estate (VNQ)5.6%20.7%0.2435.0%
Bitcoin (BTCUSD)68.1%66.9%1.0715.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity3.0 Mil
Short Interest: % Change Since 415202610.2%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity57.8 Mil
Short % of Basic Shares5.3%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/25/202614.7%-7.2%13.9%
12/10/202545.4%33.7%29.7%
8/27/20257.6%-2.0%7.4%
5/28/2025-15.6%-11.2%-5.1%
2/26/20252.0%-2.6%4.7%
12/11/202410.8%3.6%-6.7%
8/30/2024-7.9%-14.6%-7.5%
5/22/2024-6.9%-5.4%-11.7%
...
SUMMARY STATS   
# Positive12710
# Negative121714
Median Positive9.2%23.4%21.8%
Median Negative-8.3%-7.2%-8.9%
Max Positive45.4%43.7%35.4%
Max Negative-23.6%-29.0%-31.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/11/202610-Q
10/31/202512/17/202510-K
07/31/202509/09/202510-Q
04/30/202506/11/202510-Q
01/31/202503/13/202510-Q
10/31/202412/19/202410-K
07/31/202409/05/202410-Q
04/30/202406/07/202410-Q
01/31/202403/07/202410-Q
10/31/202312/26/202310-K
07/31/202309/07/202310-Q
04/30/202306/08/202310-Q
01/31/202303/09/202310-Q
10/31/202212/23/202210-K
07/31/202209/07/202210-Q
04/30/202206/15/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue212.00 Mil216.00 Mil220.00 Mil-2.3% LoweredGuidance: 221.00 Mil for Q1 2026
Q2 2026 Non-GAAP Diluted EPS0.490.520.55-5.5% LoweredGuidance: 0.55 for Q1 2026

Prior: Q4 2025 Earnings Reported 12/10/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue217.00 Mil221.00 Mil225.00 Mil7.8% Higher NewGuidance: 205.00 Mil for Q4 2025
Q1 2026 Non-GAAP EPS0.510.550.5922.2% Higher NewGuidance: 0.45 for Q4 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Lee, Kang Jyh DirectSell420202645.9220,000918,50016,342,411Form
2Lee, Kang Jyh DirectSell417202645.1010,000451,00016,950,835Form
3Lee, Kang Jyh DirectSell415202645.005,000225,00017,363,250Form
4Rivera, EricPresident, CFODirectSell415202644.771,00044,7706,096,465Form
5Wang, Hsueh-ChunSVP/COO IC & US/EU Mnstrm OpsDirectSell413202644.2511,875525,4695,876,842Form

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