Q2 2025 Earnings Call Transcript May 28, 2025 Operator: Good day, and thank you for standing by. Welcome to the Photronics ...

Our fair value estimate for Soitec is EUR 67 per share. Our fair value estimate implies a price/earnings ratio of 27 times for fiscal 2026 and 18 times for fiscal 2027.

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Operating cash flow for the quarter was $31 million, representing 15% of total revenue. CapEx was $61 million, with a full-year 2025 target of $200 million.