v3.26.1
SEGMENT REPORTING
 6 Months Ended
May 03, 2026
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE 15 - SEGMENT REPORTING

The Company operates and manages its business as one operating and reportable segment based on the organizational structure of the Company and information reviewed by the Company’s Chief Executive Officer, who is also the chief operating decision maker (“CODM”). The CODM allocates capital resources across the Company’s entire asset base to maximize profitability without regard to geography, legal entity, or end market basis and evaluates the performance based on consolidated net income attributable to Photronics, Inc. shareholders.

The following table presents selected financial information with respect to the Company’s single operating segment for the periods ended May 3, 2026 and May 4, 2025:

   
Three Months Ended
    
Six Months Ended
  
   
May 3, 2026
    
May 4, 2025
    
May 3, 2026
    
May 4, 2025
  
Revenue
  
$
209,940
    
$
210,992
    
$
435,006
    
$
423,130
  
Cost of goods sold
    
(144,183
)
    
(133,086
)
    
(290,547
)
    
(269,689
)
Gross Profit
    
65,757
      
77,906
      
144,459
      
153,441
  
                                 
Selling, general and administrative expense
    
(20,756
)
    
(18,099
)
    
(42,067
)
    
(37,201
)
Research and development expense
    
(2,822
)
    
(4,090
)
    
(5,410
)
    
(8,346
)
Other operating income
    
-
      
-
      
56
      
-
  
Operating Income
    
42,179
      
55,717
      
97,038
      
107,894
  
                                 
Other income (expense), net
    
11,677
      
(25,786
)
    
31,350
      
(805
)
Income tax provision
    
(10,606
)
    
(5,714
)
    
(24,961
)
    
(24,615
)
Net income attributable to noncontrolling interests
    
(11,821
)
    
(15,356
)
    
(29,059
)
    
(30,762
)
Net income attributable to Photronics, Inc. shareholders
   $
31,429
    
$
8,861
     $
74,368
    
$
51,712