Industry Revenues:

• Semiconductor Industry: approx. 70%
• Flat Panel Display Industry: approx. 30%

TOP 3 Markets:

1. USA: approx. 40%
2. China: approx. 30%
3. South Korea: approx. 15%

Photronics, Inc. generates the majority of its revenues from the semiconductor industry, which is attributed to the increasing demand for semiconductor components in various technologies. The flat panel display industry also significantly contributes to the revenue, especially due to the demand for high-resolution displays.

The USA remains the largest market for Photronics, supported by the strong presence of technology companies and production facilities in the region. China and South Korea follow suit, as both countries are significant players in electronics and semiconductor production. These markets benefit from continuous expansion and investment in new technologies and production capacities.

Production Sites of Photronics, Inc.:

Photronics, Inc. operates production facilities in multiple countries to efficiently serve its global customers. The main production sites include:

• USA: Photronics has several plants in the United States focusing on the manufacturing of photomasks.
• Taiwan: One of the largest production sites, as Taiwan is a significant hub for the semiconductor industry.
• South Korea: Another important site serving the Asian markets.
• China: Photronics has also established production capacities in China to meet the growing demand in the region.
• Europe: Smaller production facilities exist to serve the European market.

This geographical diversification enables Photronics to flexibly respond to demand in different regions and minimize supply chain risks.

Revenue Growth: Estimated at 8-10% annually (2026, based on industry trends)

Photronics, Inc. is pursuing a growth strategy based on expanding its production capacities and entering new markets. The company is continuously investing in advanced technologies for photomask manufacturing to meet the increasing demands of the semiconductor industry.

Another focus is on geographical expansion, particularly in Asia where the demand for semiconductor products is growing. Photronics plans to enhance its presence in these markets to benefit from the increasing electronics production in the region.

Additionally, the company is leveraging strategic partnerships and alliances to expand its technological expertise and explore new business opportunities. This strategy is intended to strengthen Photronics' market position and ensure revenue growth in the coming years.

Important Materials: Quartz glass, chromium, photoresists
Main Supplier Countries: Japan, South Korea, Germany

Photronics, Inc. is a leading provider of photomasks used in semiconductor production. Specific materials such as quartz glass, chromium, and photoresists are crucial for the manufacturing of these photomasks.

Quartz glass is often imported from countries like Japan and Germany, as these countries have advanced technologies and production capacities. Chromium, another essential material, is also sourced from these regions because they can deliver high-quality products. Photoresists needed for coating the photomasks often come from South Korea and Japan, which are leading in the chemical industry.

These sources of imports are crucial for maintaining the high quality standards and production capacity of Photronics.

Market Share in the Photomask Industry: 20% (estimated, 2025)

R&D Expenses: 10% of revenue (2025)

Photronics, Inc. has a significant competitive advantage in the photomask industry, mainly due to its strong market position and continuous investments in research and development. The company holds an estimated market share of 20%, making it one of the leading providers in this sector.

The R&D expenses of 10% of revenue highlight Photronics' commitment to technological innovations. These investments enable the company to develop highly precise and advanced photomasks that are essential for the production of modern semiconductors.

Additionally, Photronics benefits from long-term partnerships with major semiconductor manufacturers, ensuring stable sources of income. The competitive advantage is further strengthened by the continuous demand for advanced semiconductors and the increasing complexity of chip designs.

Institutional Investor Share: 85% (estimated, based on historical data up to 2023)

Insider Buys/Sells: No significant transactions known in the last year (estimated, based on historical trends up to 2023)

The institutional investor share at Photronics, Inc. is traditionally high, as the company operates in a specialized sector that is attractive to institutional investors. These investors appreciate the stability and growth potential of the company in the photomask industry.

Insider transactions at Photronics are typically low, indicating stable corporate governance and a long-term strategy. This may also be due to management's confidence in the company's future development.

Market share of Photronics, Inc.: Estimated around 10% (2026)

Major competitors and their market shares:

1. ASML Holding N.V.: around 30%
2. Applied Materials, Inc.: around 25%
3. Lam Research Corporation: around 15%
4. KLA Corporation: around 12%
5. Photronics, Inc.: around 10%
6. Tokyo Electron Limited: around 8%

Photronics, Inc. is a significant player in the field of photomask manufacturing. The market share of Photronics is supported by its specialization in high-precision photomasks and its long-standing experience. The company's moat lies in its technological expertise and its ability to develop customized solutions for its customers.

Compared to larger competitors like ASML and Applied Materials, which have more comprehensive product portfolios and greater financial resources, Photronics' moat is less pronounced. These companies benefit from their market leadership in the semiconductor industry, giving them a significant advantage.

Photronics must continue to invest in research and development to maintain its position and potentially expand it. The competitive advantage could be strengthened through specialized technologies and strategic partnerships.

Revenue Growth: 8% (2025) Profit Growth: 10% (2025) Market Share in the Photomask Industry: 25% (2025)

Photronics, Inc. achieved solid revenue growth of 8% in 2025, driven by increasing demand for photomasks in the semiconductor industry. The company benefits from technological advancements and a strong market position, allowing it to maintain a market share of approximately 25%.

The 10% profit growth in the same year indicates that Photronics was able to enhance its efficiency and effectively manage costs. This positive development is supported by strategic investments in research and development as well as the exploration of new markets.

In the long term, Photronics could benefit from the growing demand for semiconductor products, especially due to the digitization trend and the expansion of 5G networks. However, investors should also consider the industry's volatility and potential risks associated with technological changes.

Dividend: No payout (as of 2023)

Photronics, Inc. has not paid any dividends in recent years. The company has traditionally focused on reinvesting its profits into the growth and development of its business segments, rather than distributing dividends to shareholders.

The reliability of payouts is therefore not guaranteed, as Photronics does not follow a dividend policy. Investors aiming for dividend yields should take this into account when making their investment decisions.