Exhibit 99.2

December 11, 2024 Q4 2024 Financial Results Conference Call

Safe Harbor Statement This presentation and some of our comments during this presentation may contain projections or other forward-looking statements regarding future events, our future financial performance, and/or the future performance of the industry. These statements are predictions and contain risks and uncertainties. We refer you to the risk factors in our Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause the actual results for the Company to differ materially from those contained in our projections or forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee the accuracy of any forecasts or estimates, and we are not obligated to update any forward-looking statements if our expectations change.

Q4 2024 Summary Strong Quarter to End the Year, Giving Us Momentum as We Enter 2025 $222.6M Revenue 25.1% Operating Margin $0.54 EPS $0.59 Non-GAAP EPS1 $68.4M Operating Cash Flow $640.7M Cash2 and Short-term investments (2%) Y/Y 6% Q/Q (340) bps Y/Y 40 bps Q/Q (25%) Y/Y (2%) Q/Q (2%) Y/Y 16% Q/Q (36%) Y/Y (9%) Q/Q 25% Y/Y 6% Q/Q Revenue improved sequentially with growth in both IC and FPD product lines; high-end IC demand from foundries in the US and Asia were the biggest drivers to growth; long-term demand driven by megatrends such as AI, IoT, and supply chain regionalization. Operating margin increased Q/Q as improved gross margin was partially offset by higher operating expenses; after adjusting for FX, non-GAAP EPS was $0.59, a 16% increase from Q3 2024. Strengthened balance sheet by increasing cash and short-term investments balance and reducing debt through solid cash flow generation, providing flexibility to support capital allocation strategy, with announced plans to expand US IC manufacturing capacity. Capital allocation strategy based upon investing in growth, returning cash to shareholders, and potential business development initiatives, all focused on increasing shareholder value. 1See reconciliation included in this presentation; 2Includes cash equivalents

2024 Summary Managed to Drive Strong Cash Flow Generation and Deliver Sustainable Shareholder Value $866.9M Revenue 25.6% Operating Margin $2.09 EPS $2.05 Non-GAAP EPS1 $261.4M Operating Cash Flow $640.7M Cash2 and Short-term investments (3%) Y/Y (280) bps Y/Y 3% Y/Y 1% Y/Y (14%) Y/Y 25% Y/Y Revenue lower due to general semiconductor industry softness following a record fiscal 2023. Operating margin compression due to impact from operating leverage on gross margin and higher opex; non-GAAP EPS was flat. Strengthened balance sheet due to cash flow generation, allowing us to increase cash balance while reducing debt. Multi-pronged capital allocation strategy to invest in growth, return cash to shareholders, and explore business development initiatives. 1See reconciliation included in this presentation; 2Includes cash equivalents

Revenue by Product Line $M Q424 Q/Q Y/Y High-End* 60.1 21% 4% Mainstream 103.7 (3%) (3%) Total 163.7 5% (1%) High-end sales improved on higher foundry demand from the US and Asia; memory was stronger Y/Y. Mainstream down due to mid-quarter softness that has since stabilized. Long-term growth drivers: New designs by customers to gain market share and support technology roadmap for megatrends such as AI. Regionalization driving investments for global chip capacity. Complex advanced leading-edge nodes require higher number of layers and masks. *IC: 28nm and smaller; FPD: G10.5+, AMOLED and LTPS Totals may differ due to rounding High-end flat Q/Q as strong G10.5+ sales offset by softer mobile display demand. Mainstream improved as we allocated capacity during soft high-end demand. Long-term growth drivers: Technology development drives higher-value mask demand. Mobile demand is expected to remain strong with rollout of new designs and emerging panel makers winning market share. AMOLED moving to larger G8.6 form factor driving need to collaborate on mask development. $M Q424 Q/Q Y/Y High-End* 48.4 Flat (9%) Mainstream 10.5 57% 8% Total 58.9 7% (7%) IC FPD

Balance Sheet and Cash Flow Metrics Balance Sheet Provides Resilience, Enables Growth Strategy and Shareholder Value Creation $M Q424 Y/Y Q/Q Cash, cash equivalents and Short-term investments 640.7 25% 6% Debt 18.0 (27%) (10%) Operating Cash Flow 68.4 (36%) (9%) Capital Expenditures 43.2 (18%) 77% Actively controlling cash, cash equivalents, and short-term investments to maintain liquidity and optimize returns, while also reducing Debt (comprised of US equipment leases). Continued strong operating cash flow from income generation and working capital management. Capex targets growth in IC capacity, tool replacement, & facility expansion. Strong balance sheet allows us to fund growth investments, return cash to shareholders, consider business development initiatives, and remain resilient to effects of industry downturns.

Q1 2025 Guidance Revenue ($M) 208 – 216 Operating Margin 23% - 25% Taxes ($M) 17 – 19 Diluted non-GAAP EPS $0.43 - $0.49 Diluted Shares (M) ~62 Full-year Capex (M) 200 Reflects typical Q1 seasonality, including Chinese New Year beginning in late January. Incorporation of chips in AI, IoT, 5G, and consumer products. New designs to capture market share. Advanced display technologies. Outlook clouded by geopolitical uncertainty and macro-economic headwinds. Disciplined cost controls and managing cash to maximize returns and deliver long-term shareholder value.

Corporate Overview

Photronics Overview (Nasdaq: PLAB) All data are last twelve months as of 10/31/2024 unless otherwise noted | IC: Integrated Circuit | FPD: Flat Panel Display Revenue By Product Group Revenue By Region Unmatched Global Footprint 11 STRATEGICALLY LOCATED MANUFACTURING FACILITIES IC FPD IC & FPD $867M $222M $261M $1.6B ~1,900 ~675 1969 Revenue Operating Income Operating Cash Flow Market Cap 12/3/2024 Employees Customers Founded

Phases of Photronics Revenue Growth Phase I: 1969 – 1986 Technology Startup Organic Growth Mostly US Pre-IPO Phase II: 1986 – 2002 M&A Growth Merchant Consolidation Global Expansion Phase IV: 2018 and Beyond Leverage China 1st Mover Advantage Long-Term Purchase Agreements Extend Technology Leadership Increase Market Share Strategic Capital Allocation Phase III: 2003 – 2017 Enter High-End Market Form Strategic Partnerships Invest in High-End Capability Establish FPD Presence Improve Balance Sheet A B C D A G7.5 Display Substrate B High-End IC Memory C High-End IC Logic D G10.5+ Display Substrate AMOLED Mobile “Made In China 2025” Technology inflections catalyze Future Demand:

Compelling Investment Thesis Trusted supplier due to rapid response of high-quality masks Broad technology suite andgeographic presence Supports organic growth initiatives Targets industry demand and technology trends Semiconductor industry expansion driving design activity across all nodes Advanced displays require additional layers and leadingmask technologies GLOBAL LEADER in the merchant photomask industry INVESTMENT STRATEGY To deliver sustainable cash flow generation POSITIVE DEMAND TRENDSdrive strategic growth investments Driving operational excellence through core competencies Competitive advantage in industry with high barriers to entry SOLID EXECUTIONdriven by a culture ofsustainable performance Demonstrated Success Delivering Value to Customers and Creating Value for Shareholders

Core Competencies Serve as Competitive Advantages Global Footprint Close to customer Aligned with end markets Flexible supply chain Technology Leader Process know-how Advanced Process-of-Record High barriers to entry Commercial Excellence Customer first Trusted partner Wafer yield enhancement Technology roadmap enabler Operational Excellence Responsive delivery High yields Cost control Supply chain optimization Teamwork and execution

Semiconductor: growing capacity and design activity More extensive use of semiconductors across multiple applications, driven by megatrends such as AI and IoT. Supply chain regionalization supported by governments globally driving investments in semiconductor fabs that creates redundant production capacity and drives photomask demand. Differentiation by design becoming competitive factor in mainstream (ASIC) and leading-edge applications. Expanding EUV adoption drives semi manufacturer photomask outsourcing of legacy technology nodes, increasing TAM for merchant suppliers. Display: advanced displays driving innovation Global panel makers innovating to win AMOLED market share. Growing panel competition drives innovation and greater mask value. AMOLED manufacturing moving to larger G8.6 form factor, requiring high-quality, advanced photomasks. Long-Term Trends Driving Photomask Demand Innovative Designs and Manufacturing Complexity Drives Photomask Demand

Supply Chain Regionalization Driving Global Semiconductor Investments Concerns around national security and supply chain reliability are driving regional investments in semiconductor manufacturing. Semiconductor fabs are capitalizing on government incentives to build capacity in US, Europe, and Asia. Regionalization creates additional semiconductor production, increasing global demand for photomasks. Photronics has operations in 4 of the top 5 countries for semiconductor manufacturing. Our IC Manufacturing Footprint Aligns with Global Semiconductor Production PLAB IC Locations Top 5 Semiconductor Countries: Taiwan, South Korea, Japan, China, US Unmatched Geographic Presence Positioned to Benefit from this Trend

Advanced Displays are Driving Innovation Innovation and Design Complexity Favors Us as Technology Leader AMOLED displays continue to gain market share in mobile displays, including smartphones, tablets, and PC. Emerging panel makers releasing new AMOLED displays to gain market share against established incumbents. Panel makers incorporating additional functionality into displays (e.g., biometric sensors), increasing value and complexity of mask set. New form factors (e.g., flexible or rollable displays) requiring AMOLED technology continue to be introduced. Panel makers are developing AMOLED production process to increase substrate size to G8.6, requiring larger, high-quality advanced masks. Mini- or Micro-LED are future technologies that could drive additional mask demand across many applications.

Clear Capital Deployment Priorities Supported by Strong Balance Sheet $M 2024 Cash and Short-term Investments 641 Debt 18 Operating Cash Flow 261 Capital Expenditures 131 Balance Sheet Provides Resilience, Enables Growth Strategy and Shareholder Value Creation Fund organic growth Increase IC capacity Maintain technical leadership Expand capacity to support customer demand Financial discipline to improve ROIC Share repurchase Repurchased 12M shares, returning $130M to shareholders since 2018 $100M remaining under current authorization Business development initiatives IC & FPD photomask industry, including strategic partnerships or joint ventures Adjacencies to increase revenue diversification

Strategic Investment Strategy Sustains Profitable Growth 17 Proven Approach to Profitably Grow Revenue, Capture Market Share, and Improve ROIC Win market share in growing IC and FPD markets Leverage global footprint to benefit from IC regionalization trends Capitalize on FPD technology leadership to continue improving mix Enter long-term purchase agreements and earn process-of-record Improved pricing environment in high-end and mainstream IC Dynamically align asset tool set to match end-market demand Increasing benefit from operating leverage GROW REVENUE IN EXCESS OF MARKET MARGIN EXPANSION IMPROVES PROFITS Operational Excellence Commercial Excellence Technology Leader Global Footprint WINNING THROUGH COMPETITIVE ADVANTAGES Organic growth through high-return targeted capacity expansionEnter LTPAs to mitigate investment risk and quickly ramp revenues STRATEGIC APPROACH TO CAPITAL INVESTMENTS

Appendix

Revenue by Product Group ($M) Total may differ due to rounding IC FPD Mainstream High-End Mainstream High-End Total Revenue IC Revenue FPD Revenue High-End: 28nm and smaller High-End: G10.5+, AMOLED and LTPS

Non-GAAP Financial Measures Non-GAAP Net Income attributable to Photronics, Inc. shareholders and non-GAAP diluted earnings per share are “non-GAAP financial measures” as such term is defined by Regulation G of the Securities and Exchange Commission, and may differ from similarly named non-GAAP financial measures used by other companies. The attached financial supplement reconciles Photronics, Inc. financial results under GAAP to non-GAAP financial information. We believe these non-GAAP financial measures that exclude certain items are useful for analysts and investors to evaluate our future on-going performance because they enable a more meaningful comparison of our projected performance with our historical results. These non-GAAP metrics are not a measure of consolidated operating results under U.S. GAAP and should not be considered as an alternative to Net income (loss), Net income (loss) per share, or any other measure of consolidated results under U.S. GAAP. The items excluded from these non-GAAP metrics, but included in the calculation of their closest GAAP equivalent, are significant components of the condensed consolidated statement of income and must be considered in performing a comprehensive assessment of overall financial performance. Please refer to the non-GAAP reconciliations on the following page.

Non-GAAP Financial Measures