Photronics (PLAB) Stock Up 26% After Blowing Past Earnings Estimates
TLDR
- Photronics reported Q3 EPS of $0.50, beating the $0.40 consensus estimate by $0.10, a 25% earnings surprise.
- Revenue came in at $216.05 million, topping estimates of $208.75 million by 3.5%.
- PLAB stock was up around 26% on the news, though it remains well below its 52-week high of $56.00.
- Analysts hold a consensus โBuyโ rating with an average price target of $49.33.
- The company faces active class-action lawsuits alleging it concealed weakening demand and production bottlenecks.
Photronics (PLAB) delivered a strong earnings beat on Wednesday, sending the stock surging over 25% on the day. The stock opened at $29.32 and jumped sharply after the results landed, though it still sits far below its 52-week high of $56.00.
The company reported Q3 earnings of $0.50 per share, clearing the consensus estimate of $0.40 by $0.10. That works out to a 25% earnings surprise.
Revenue for the quarter ended July 2026 came in at $216.05 million. That beat the consensus estimate of $208.75 million by about 3.5%.
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