Levi & Korsinsky notifies investors that it has commenced an investigation into Photronics, Inc. (NASDAQ: PLAB) concerning potential violations of the federal securities laws.
On February 27, 2026, President & CFO Eric Rivera guided investors to expect fiscal Q2 non-GAAP diluted EPS of $0.49 to $0.55 and operating margins of 22% to 24%. Rivera acknowledged that the Company operates with only 1-to-3 weeks of backlog visibility. The guidance did not quantify known cost headwinds, including accelerated depreciation tied to end-of-life tool purchases and rising capital expenditures. CEO George Macricostas told investors the Company was "optimistic" that "high-end strength will continue" to offset seasonal effects from Chinese New Year. When Q2 results arrived on May 28, 2026, non-GAAP diluted EPS was $0.42 -- well below the low end of the projected range. Revenue of $209.9 million landed beneath the Company's prior quarterly expectations for $212 to $220 million. PLAB shares fell approximately 30% in a single session.
If you suffered a loss on your Photronics, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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