The Portnoy Law Firm has announced a class action lawsuit on behalf of Photronics, Inc. investors who purchased securities between December 10, 2025 and May 27, 2026. The complaint alleges that during this period, defendants misled investors about the company's revenue outlook and growth prospects while downplaying risks from seasonality and macroeconomic factors. On May 28, 2026, Photronics reported second-quarter fiscal 2026 results that fell well below internal projections, with IC revenue dropping 11% sequentially and third-quarter guidance below market consensus, causing the stock to fall from $53.51 to $34.02 per share, a decline of about 36.42% in a single day. Investors have until September 4, 2026 to file a lead plaintiff motion.
Photronics IncClass action lawsuit alleging misleading revenue outlook and growth prospects, plus stock price drop of 36% after missing projections.