Robbins LLP has filed a class action lawsuit on behalf of investors who purchased Photronics securities between December 10, 2025 and May 27, 2026. The complaint alleges that the company created a false impression of reliable revenue projections and growth while downplaying risks from seasonality and macroeconomic factors. On May 28, 2026, Photronics reported second-quarter fiscal 2026 results with revenue and earnings well below internal projections, including an 11% sequential drop in IC revenue, and provided third-quarter guidance below consensus. The stock fell from $53.51 to $34.02 per share, a decline of about 36.42% in a single day. Shareholders seeking to serve as lead plaintiff must file by September 4, 2026.
Photronics IncClass action lawsuit alleges misleading statements about revenue projections and risks, causing a 36% stock drop.