Camtek (NASDAQ:CAMT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Camtek (NASDAQ:CAMT) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01, FiscalAI reports. Camtek had a return on equity of 23.61% and a net margin of 10.23%.The company had revenue of $121.66 million for the quarter, compared to analyst estimates of $120.15 million. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue was up 2.6% compared to the same quarter last year.

Here are the key takeaways from Camtek’s conference call:

• Camtek reported Q1 revenue of $121.7 million, slightly above guidance, with 51% gross margin and $31 million of operating income, showing solid profitability despite higher operating expenses.
• Management said order intake was the strongest in the company’s history, including visibility into more than $260 million of expected revenue from two HBM manufacturers for 2026-2027. The company now expects a significant revenue surge in the second half of 2026 and added upside into early 2027.
• Camtek guided Q2 revenue to $129 million-$131 million and said it expects margins to improve later in the year as higher volumes and increased contribution from Eagle G5 and Hawk systems flow through the P&L.
• The company emphasized rapid adoption of its newer platforms, noting that Eagle G5 and Hawk represented about 30% of last year’s revenue and are expected to double revenue in 2026. Camtek also said its AI-enabled inspection and metrology capabilities are creating a larger addressable market of over $2 billion by 2027.
• Camtek ended Q1 with a strong $850 million cash balance, but accounts receivable rose to $131.7 million due to collections timing and inventory is expected to increase as it prepares for growth. Management also said China remains healthy, though growth there may not match last year’s exceptionally strong pace.

Camtek Price Performance

NASDAQ CAMT traded down $32.85 during trading hours on Tuesday, reaching $174.61. 867,444 shares of the company’s stock were exchanged, compared to its average volume of 498,167. The stock has a market cap of $8.00 billion, a PE ratio of 185.76, a price-to-earnings-growth ratio of 4.84 and a beta of 1.61. The company has a current ratio of 8.35, a quick ratio of 7.31 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $172.62 and a 200-day moving average of $142.47. Camtek has a one year low of $62.88 and a one year high of $215.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Camtek by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,239 shares of the semiconductor company’s stock valued at $557,000 after buying an additional 348 shares during the last quarter. Cetera Investment Advisers boosted its position in Camtek by 4.7% in the 2nd quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 217 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Camtek in the 4th quarter valued at $334,000. Virtu Financial LLC acquired a new position in shares of Camtek in the 3rd quarter valued at $244,000. Finally, Inceptionr LLC acquired a new position in shares of Camtek in the 3rd quarter valued at $230,000. 41.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price objective on shares of Camtek in a research note on Wednesday, February 18th. Wall Street Zen upgraded Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Zacks Research upgraded Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore restated an “outperform” rating and set a $190.00 price target on shares of Camtek in a research report on Wednesday, February 18th. Finally, Bank of America increased their price target on Camtek from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.75.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.