Ongoing Photronics, Inc. (PLAB) Investigation: Protect Your Rights - Contact Levi & Korsinsky Ready to Announce with Confidence?
New York, New York--(Newsfile Corp. - May 28, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Photronics, Inc. ("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, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299323
Source: Levi & Korsinsky, LLP
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