Pomerantz LLP is investigating claims on behalf of investors of Photronics, Inc. regarding potential securities fraud or unlawful business practices. The investigation follows Photronics' May 28, 2026 earnings report, which disclosed second quarter revenue of $209 million, a year-over-year decline, and operating margins of 20.1%, down from 26.4% the prior year. The company cited delayed design releases due to elevated fab utilization rates, memory supply constraints, and geopolitical uncertainty. On that news, Photronics' stock fell $19.49 per share, or 36.4%, to close at $34.02 per share.
Photronics IncPhotronics reported declining revenue and operating margins, causing a 36.4% stock drop.