Photronics Inc. (NASDAQ:PLAB) reported its second-quarter fiscal 2026 financial results on Thursday morning, revealing a top- and bottom-line miss against Wall Street expectations.

The global photomask technology manufacturer experienced a minor year-over-year revenue contraction alongside sequential declines.

Q2 Results Miss Wall Street Expectations

For the three months ended May 3, Photronics reported non-GAAP net income attributable to shareholders of $24.9 million, or 42 cents per diluted share.

According to analyst consensus, the figure missed the estimated 54 cents per share. However, the performance marked a modest increase over the non-GAAP earnings of 40 cents per share reported in the same period last year.

Quarterly sales reached $209.940 million, down from $211 million in the second quarter of 2025. The revenue total fell short of the analyst consensus estimate of $216.661 million, according to