PLAB PHOTRONICS INC
FY2025 10-K
PHOTRONICS INC (PLAB) filed its fiscal year 2025 10-K annual report with the SEC on Dec 17, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: manufacturer of photomasks for semiconductor ICs and flat panel displays with 11 global manufacturing facilities
- • Emphasis on high-end photomasks supporting 28nm and smaller IC nodes and Gen 10.5+ AMOLED/LTPS FPDs, alongside mainstream photomasks
Management Discussion & Analysis
- • Revenue $849.3M YTD FY25, down 2.0% YoY, driven by IC decline of $23.0M (-3.6%) and FPD growth of $5.4M (+2.4%)
- • Gross margin 35.3% YTD FY25 vs 36.4% YTD FY24, Q4 FY25 margin 35.0% vs 33.7% Q3 FY25 and 37.0% Q4 FY24
Risk Factors
- • Tax provision risk due to complex U.S. and foreign tax laws with judgments on deferred tax assets recoverability and tax audit outcomes
- • Geopolitical exposure from earnings repatriation plans impacting the effective tax rate in multiple jurisdictions
Financial SummaryXBRL
Revenue
$849M
Net Income
$136M
Gross Margin
35.3%
Operating Margin
24.5%
Net Margin
16.1%
ROE
11.6%
Total Assets
$1.8B
EPS (Diluted)
$2.28
Operating Cash Flow
$248M
Source: XBRL data from PHOTRONICS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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