Pomerantz LLP has filed a class action lawsuit against Photronics, Inc. over potential securities fraud. Investors who purchased or acquired Photronics securities during the class period have until September 4, 2026, to seek appointment as lead plaintiff. The suit follows a May 28, 2026, disclosure that second-quarter fiscal 2026 revenue and earnings fell well below internal projections, with IC revenue dropping 11% sequentially and third-quarter guidance missing market consensus. On that news, Photronics' stock price fell $19.49 per share, or 36.4%, to close at $34.02 per share.
Photronics IncClass action lawsuit and disappointing Q2 results with revenue and earnings below projections, stock fell 36.4%.
