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

Camtek (NASDAQ:CAMT) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99, FiscalAI reports. Camtek had a net margin of 7.40% and a return on equity of 21.58%. The company had revenue of $161.29 million during the quarter, compared to analyst estimates of $160.36 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter 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 Performance

Shares of NASDAQ CAMT traded down $10.60 during mid-day trading on Wednesday, hitting $101.77. The company had a trading volume of 572,422 shares, compared to its average volume of 500,508. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 159.33, a P/E/G ratio of 2.16 and a beta of 1.69. Camtek has a 1 year low of $91.91 and a 1 year high of $215.99. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average price is $139.64 and its 200-day moving average price is $156.77.

Insider Buying and Selling at Camtek

In related news, CEO Rafi Amit sold 6,250 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $170.52, for a total transaction of $1,065,750.00. Following the sale, the chief executive officer owned 55,350 shares of the company’s stock, valued at approximately $9,438,282. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Moshe Eisenberg sold 645 shares of Camtek stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $172.67, for a total value of $111,372.15. Following the transaction, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at $2,803,988.13. The trade was a 3.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,843 shares of company stock worth $4,514,249 in the last three months. 79.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. B. Riley Financial dropped their target price on shares of Camtek from $200.00 to $166.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Stifel Nicolaus set a $170.00 price objective on Camtek in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research note on Tuesday, August 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $175.00 price objective on shares of Camtek in a report on Tuesday, September 22nd. Finally, Needham & Company LLC decreased their price objective on Camtek from $190.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 16th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $172.17.

Key Stories Impacting Camtek

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Camtek reported record Q3 revenue of $161.3 million, up 28% year over year and slightly above analyst estimates. EPS was $0.99, matching one consensus estimate and narrowly beating another. Camtek Q3 results
• Positive Sentiment: Management expects approximately $180 million in Q4 revenue and gave an initial 2027 outlook for revenue above $800 million, signaling continued growth. Camtek Q3 results and outlook
• Negative Sentiment: Morgan Stanley downgraded Camtek to Underweight from Equalweight, with a $126 price target. The firm reportedly sees optimism as largely reflected in the valuation and cited risks around 2D inspection and pricing pressure, weighing on the outlook despite the company’s position in 3D chip metrology. Morgan Stanley’s Camtek assessment

About Camtek

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.