Photronics, Inc. reported fiscal 2025 fourth‑quarter revenue of $215.8 million and a non‑GAAP diluted earnings per share of $0.60, a $0.13 or 27% beat over the consensus estimate of $0.47. The quarter’s revenue fell 3.1% year‑over‑year, but the company’s GAAP net income rose to $61.8 million, driven largely by a $16.8 million tax benefit from the reversal of a U.S. tax loss valuation allowance. Non‑GAAP net income of $34.6 million was slightly lower than the $37.1 million reported in Q4 2024, reflecting a modest decline in overall revenue but offset by the tax benefit and improved operating efficiency.
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