Pomerantz LLP has filed a class action lawsuit against Photronics, Inc. over potential securities fraud or unlawful business practices. Investors who purchased or acquired Photronics securities during the class period have until September 4, 2026, to seek appointment as lead plaintiff. The lawsuit follows a May 28, 2026, announcement in which Photronics reported second-quarter fiscal 2026 revenue and earnings well below internal projections, with IC revenue falling 11% sequentially, and provided third-quarter guidance below market consensus. On that news, Photronics' stock price dropped $19.49 per share, or 36.4%, to close at $34.02 per share.
Photronics IncClass action lawsuit and missed earnings/guidance causing 36.4% stock drop