The Law Offices of Frank R. Cruz announces an investigation of Photronics, Inc. (“Photronics” or the “Company”) (NASDAQ: PLAB) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On May 28, 2026, Photronics reported second quarter 2026 earnings, including revenue of $209 million, a year over year decline, and operating margins of 20.1%, down from 26.4% in the prior year. In a press release, the Company revealed “[i]n the near term, certain design releases have been delayed due to elevated fab utilization rates, which are extending new product launch timelines, memory supply constraints and related cost pressures for OEMs, and geopolitical uncertainty.”

On this news, Photronics’ stock price fell as much as 35% during intraday trading on May 28, 2026, thereby injuring investors.