Camtek (NASDAQ:CAMT) Posts Quarterly Earnings Results, Meets Expectations

Camtek (NASDAQ:CAMT) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99, FiscalAI reports. Camtek had a net margin of 24.56% and a return on equity of 22.05%. The firm had revenue of $161.29 million during the quarter, compared to analyst estimates of $160.36 million. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 28.0% on a year-over-year basis.

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

• Camtek reported record third-quarter revenue of $161.3 million, up 28% year over year, and record operating income of $47.5 million. It forecast fourth-quarter revenue of about $180 million, 2026 revenue of about $595 million, and initial 2027 revenue above $800 million.
• Order momentum remains strong, with more than $800 million in orders received since the start of 2026 as of the company’s October investor event, and customers securing delivery slots into 2027. About 80% of orders were for advanced packaging, largely AI-related, while OSATs contributed slightly more than half.
• Third-quarter gross margin was 51.1%, slightly below expectations, as higher component and material costs and currency movements pressured costs. Camtek said supply constraints are also creating operational challenges, though it expects to meet delivery schedules and anticipates gradual margin improvement starting in 2027.
• Camtek expects service revenue to grow 35%–40% annually and plans to launch AI-based software products in 2027, with double-digit software revenue anticipated that year. It is targeting $1.2 billion in annual revenue within about three years, primarily through organic growth, with operating margins of 34%–36%.

Camtek Stock Up 4.2%

Shares of NASDAQ:CAMT traded up $3.83 during midday trading on Friday, hitting $95.75. 606,226 shares of the stock were exchanged, compared to its average volume of 505,845. The company has a market capitalization of $4.47 billion, a PE ratio of 36.27, a P/E/G ratio of 2.02 and a beta of 1.69. Camtek has a 52-week low of $89.13 and a 52-week high of $215.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 6.58 and a current ratio of 7.38. The business’s fifty day simple moving average is $137.70 and its two-hundred day simple moving average is $156.29.

Insider Transactions at Camtek

In other Camtek news, CFO Moshe Eisenberg sold 3,759 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $160.06, for a total transaction of $601,665.54. Following the transaction, the chief financial officer owned 16,884 shares in the company, valued at $2,702,453.04. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Karni Yarl Andorn sold 3,176 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $164.40, for a total transaction of $522,134.40. Following the sale, the director directly owned 1,343 shares of the company’s stock, valued at approximately $220,789.20. This represents a 70.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,843 shares of company stock valued at $4,514,249 in the last ninety days. 79.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CAMT has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price target on Camtek from $170.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Stifel Nicolaus set a $140.00 price objective on Camtek in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. B. Riley Financial lowered their target price on Camtek from $200.00 to $166.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $175.00 target price on shares of Camtek in a report on Tuesday, September 22nd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $166.33.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.