Camtek (NASDAQ:CAMT) Issues Quarterly Earnings Results

Camtek (NASDAQ:CAMT) announced its earnings results on Tuesday. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01, FiscalAI reports. Camtek had a net margin of 10.23% and a return on equity of 23.61%. The company had revenue of $121.66 million for the quarter, compared to the consensus estimate of $120.15 million. During the same period in the previous year, the business earned $0.79 EPS. The company’s revenue was up 2.6% on a year-over-year basis.

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 Stock Down 15.7%

Camtek stock traded down $32.48 during mid-day trading on Tuesday, hitting $174.98. 828,618 shares of the company’s stock were exchanged, compared to its average volume of 497,956. 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 stock has a market cap of $8.02 billion, a P/E ratio of 186.06, a P/E/G ratio of 4.84 and a beta of 1.61. Camtek has a 1-year low of $62.88 and a 1-year high of $215.99. The stock has a 50 day moving average of $172.62 and a two-hundred day moving average of $142.47.

Hedge Funds Weigh In On Camtek

Hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its position in Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Advisory Services Network LLC acquired a new position in Camtek during the third quarter worth $32,000. Global Retirement Partners LLC acquired a new position in Camtek during the fourth quarter worth $52,000. Advisors Asset Management Inc. increased its position in Camtek by 61.6% during the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after buying an additional 293 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Camtek during the fourth quarter worth $204,000. 41.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CAMT. Needham & Company LLC boosted their target price on shares of Camtek from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. B. Riley Financial reissued a “buy” rating on shares of Camtek in a research note on Monday, April 20th. Zacks Research raised shares of Camtek from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Oppenheimer upped their price target on shares of Camtek from $120.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen raised shares of Camtek from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Camtek currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.75.

About Camtek

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.