INVESTOR ALERT: Photronics, Inc. (PLAB) Investors with Substantial Losses Have Opportunity to Lead Photronics Class Action Lawsuit

Purchasers or acquirers of Photronics, Inc. (NASDAQ: PLAB) securities between December 10, 2025 and May 27, 2026, inclusive (the "Class Period"), have until September 4, 2026 to seek appointment as lead plaintiff of the Photronics class action lawsuit. Captioned Cooper v. Photronics, Inc., No. 26-cv-01069 (D. Conn.), the Photronics class action lawsuit charges Photronics as well as certain of Photronics' top executive officers with violations of the Securities Exchange Act of 1934.

Photronics, together with its subsidiaries, engages in the manufacture and sale of photomask products and services. The Photronics class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Photronics' projected revenue outlook and anticipated growth, while also minimizing risks from post-holiday seasonality and macroeconomic fluctuations; and (ii) Photronics' high-end chip design release pipeline was experiencing severe, ongoing bottlenecks due to elevated foundry utilization rates and equipment cost pressures that rendered its forward growth expectations unachievable.

On May 28, 2026, Photronics announced its financial results for the second quarter of fiscal 2026, allegedly revealing revenue and earnings well below internal projections and highlighting a critical collapse of integrated circuit revenue by 11% sequentially. On this news, the price of Photronics stock dropped more than 36%, according to the complaint.

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Photronics securities during the Class Period to seek appointment as lead plaintiff in the Photronics class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Photronics class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Photronics class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Photronics class action lawsuit.