Camtek (NASDAQ:CAMT) Posts Earnings Results, Beats Estimates By $0.01 EPS

Camtek (NASDAQ:CAMT) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01, FiscalAI reports. The firm had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $120.15 million. Camtek had a net margin of 9.63% and a return on equity of 22.95%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share.

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

Shares of CAMT traded down $0.96 during mid-day trading on Thursday, reaching $167.92. 253,523 shares of the company’s stock were exchanged, compared to its average volume of 506,814. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. Camtek has a 52-week low of $62.88 and a 52-week high of $215.99. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 193.25, a PEG ratio of 4.11 and a beta of 1.61. The company has a 50-day simple moving average of $172.72 and a two-hundred day simple moving average of $143.24.

Analyst Ratings Changes

CAMT has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Camtek from $161.00 to $163.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $185.00 price target on shares of Camtek in a report on Friday, April 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Camtek in a report on Wednesday, February 18th. Northland Securities set a $174.00 target price on Camtek in a report on Wednesday. Finally, Jefferies Financial Group raised their price target on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Camtek presently has an average rating of “Moderate Buy” and an average target price of $174.33.

Institutional Investors Weigh In On Camtek

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its holdings in shares of Camtek by 61.6% in the first quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 293 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Camtek by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,223 shares of the semiconductor company’s stock worth $8,749,000 after purchasing an additional 16,117 shares in the last quarter. Geode Capital Management LLC raised its stake in Camtek by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,420 shares of the semiconductor company’s stock valued at $3,333,000 after purchasing an additional 279 shares during the last quarter. Cetera Investment Advisers raised its stake 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 purchasing an additional 217 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Camtek by 8.3% in the 2nd quarter. Invesco Ltd. now owns 263,836 shares of the semiconductor company’s stock valued at $22,310,000 after purchasing an additional 20,237 shares in the last quarter. Institutional investors and hedge funds own 41.93% of the company’s stock.

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.