PLAB EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Photronics Investors of Securities Class Action Lawsuit Deadline on September 4, 2026

If you purchased or acquired securities in Photronics between December 10, 2025 and May 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

New York, New York--(Newsfile Corp. - August 31, 2026) - Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against Photronics, Inc. ("Photronics" or the "Company") (NASDAQ: PLAB) and reminds investors of the September 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: The true state of Photronics' high-end product pipeline, customer schedules, and the stability of the alleged demand for its products; notably, that the seasonal recovery and design release momentum following the Chinese New Year holiday the Company was claiming would develop had stalled. Photronics was experiencing a critical bottleneck in its design release pipeline that rendered its forward growth expectations unachievable.

On May 28, 2026, Photronics announced its financial results for the second quarter of fiscal 2026, revealing revenue and earnings well-below internal projections and highlighting a critical collapse of IC revenue by 11% sequentially. Management further provided third-quarter guidance below market consensus as the slowdown was expected to continue and margins were expected to continue their trend of compression. Management claimed that the projected seasonal recovery following the Chinese New Year holiday had failed to materialize due to extensive new product launch delays, elevated fab utilization rates, and geopolitical uncertainty.

Following this news, the price of Photronics' common stock declined dramatically. From a closing market price of $53.51 per share on May 27, 2026, Photronics' stock price fell to $34.02 per share on May 28, 2026, a decline of about 36.42% in the span of just a single day.

The lawsuit alleges that Photronics misled investors regarding the true state of its high-end product pipeline, customer schedules, and overall demand stability. While the Company claimed that design release momentum and a seasonal recove...