Photronics, Inc. (PLAB), a leading photomask manufacturer, saw its stock surge over 10% in the pre-market trading session on Wednesday. The company reported robust financial results for the fourth quarter and full fiscal year 2024, beating analysts' estimates and providing an upbeat outlook for the upcoming quarter.

In the pre-market session, Photronics' stock soared 10.58%, outperforming the broader market. This significant surge in the stock price can be attributed to the following factors:

1. Strong Q4 2024 Performance: Photronics reported Q4 2024 revenue of $222.6 million, exceeding analysts' expectations and reflecting a 6% sequential increase. The company's non-GAAP earnings per share of $0.59 also surpassed analysts' estimates, showcasing the company's ability to drive profitability even in challenging market conditions.

2. Positive Outlook: For the first quarter of fiscal 2025, Photronics provided revenue guidance in the range of $208 million to $216 million, indicating continued momentum in its operations. This upbeat outlook, coupled with the company's strong fourth-quarter performance, boosted investor confidence in Photronics' growth prospects.

3. Strategic Positioning: Photronics highlighted its competitive advantages and market leadership in the photomask industry. The company expressed confidence in its ability to capitalize on emerging trends such as AI, supply chain regionalization, and edge computing, which are expected to drive demand for photomasks in the future.