Camtek (NASDAQ:CAMT) Announces Earnings Results

Camtek (NASDAQ:CAMT) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99, FiscalAI reports. The company had revenue of $161.29 million during the quarter, compared to analyst estimates of $160.36 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. Camtek’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS.

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 Performance

CAMT stock traded down $8.64 during midday trading on Thursday, hitting $92.81. 174,071 shares of the stock traded hands, compared to its average volume of 500,938. The firm has a market cap of $4.33 billion, a P/E ratio of 147.43, a PEG ratio of 2.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 7.38 and a quick ratio of 6.58. The stock’s fifty day simple moving average is $138.73 and its 200-day simple moving average is $156.56. Camtek has a 1-year low of $91.91 and a 1-year high of $215.99.

Insiders Place Their Bets

In other news, Director Karni Yarl Andorn sold 3,176 shares of the firm’s stock in a transaction dated 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 in the company, valued at $220,789.20. This trade represents a 70.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Moshe Eisenberg sold 3,759 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total value of $601,665.54. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,843 shares of company stock valued at $4,514,249. Insiders own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAMT shares. Stifel Nicolaus set a $140.00 target price on shares of Camtek in a research report on Wednesday. Morgan Stanley lowered Camtek from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $152.00 to $126.00 in a research note on Monday. Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Camtek in a report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Camtek currently has an average rating of “Hold” and an average price target of $166.33.

Trending Headlines about Camtek

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Camtek posted record Q3 revenue of $161.3 million, up 28% year over year and slightly above estimates. EPS of $0.99 was in line with the stated consensus (and narrowly beat Zacks’ $0.98 estimate). The company expects about $180 million in Q4 revenue. Q3 results
• Positive Sentiment: Management’s initial 2027 revenue outlook of more than $800 million—and target of $1.2 billion within about three years—signals confidence in continued demand, including from AI-related applications. This outlook may support investor expectations for growth. Revenue outlook
• Negative Sentiment: Analysts lowered price targets: Stifel cut its target to $140, while Needham reduced its target from $170 to $130 but kept a Buy rating. Although both targets remain above the $101.46 reference price, the reductions may signal more cautious expectations. Camtek has also faced valuation concerns amid a sharp recent pullback. Stifel target Recent pullback

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.