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Photronics reports Q2 earnings with declining revenues but forecasts Q3 stability under new CEO.
Photronics Inc. reported Q2 2025 earnings with total revenue of $211 million, a 3% year-over-year decline.
IC segment revenue fell 3%, while FPD revenue dropped 2%.
Gross margins remained at 37%, and operating margins rose to 26%.
The company forecasts Q3 revenue of $200-$208 million, with non-GAAP EPS of $0.35-$0.41.
CEO Frank Lee has retired, replaced by George Makrokostas.
Despite near-term economic challenges, Photronics remains committed to long-term growth.
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Photronics informa ganancias del segundo trimestre con ingresos decrecientes, pero pronostica estabilidad del tercer trimestre bajo el nuevo CEO.