A securities class action has been filed against Photronics, Inc. (PLAB) on behalf of all investors who purchased or otherwise acquired Photronics securities between December 10, 2025 through May 27, 2026. This case has been filed in the USDC – CT.
On May 28, 2026, Photronics reported second quarter 2026 earnings, including revenue of $209 million, a year over year decline, and operating margins of 20.1%, down from 26.4% in the prior year. In a press release, the Company revealed that “[i]n the near term, certain design releases have been delayed due to elevated fab utilization rates, which are extending new product launch timelines, memory supply constraints and related cost pressures for OEMs, and geopolitical uncertainty.”
On this news, Photronics’ stock price fell $19.49 per share, or 36.4%, to close at $34.02 per share on May 28, 2026.