Camtek (NASDAQ:CAMT) Releases Earnings Results, Beats Expectations By $0.01 EPS

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

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 NASDAQ CAMT traded down $6.32 during midday trading on Wednesday, hitting $168.31. The stock had a trading volume of 396,991 shares, compared to its average volume of 503,166. The company has a quick ratio of 7.31, a current ratio of 8.35 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $172.77 and a 200-day simple moving average of $142.88. The company has a market capitalization of $7.71 billion, a PE ratio of 177.97, a P/E/G ratio of 4.88 and a beta of 1.61. Camtek has a 1 year low of $62.88 and a 1 year high of $215.99.

Wall Street Analysts Forecast Growth

Several analysts have commented on CAMT shares. Zacks Research raised Camtek from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Evercore reaffirmed an “outperform” rating on shares of Camtek in a research note on Wednesday. Bank of America increased their target price on Camtek from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Stifel Nicolaus reissued a “hold” rating and issued a $185.00 price target on shares of Camtek in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Camtek from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.25.

Key Camtek News

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Needham raised its price target on Camtek to $190 from $175 and reiterated a Buy rating, signaling confidence in additional upside. Benzinga article
• Positive Sentiment: Camtek beat first-quarter EPS and revenue estimates, and its second-quarter revenue guidance came in above Wall Street expectations. PR Newswire release
• Neutral Sentiment: Analyst and earnings-call coverage added attention to the report, but the market’s reaction suggests investors are weighing strong revenue trends against weaker profitability. Seeking Alpha transcript
• Negative Sentiment: The quarter showed lower year-over-year earnings and operating income, which likely drove the selloff despite the top-line beat and raised outlook. Quiver Quantitative article

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Camtek by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock valued at $4,209,000 after buying an additional 162 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Camtek by 202.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Cetera Investment Advisers grew its position 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 acquiring an additional 217 shares in the last quarter. Advisors Asset Management Inc. increased its stake 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 purchasing an additional 293 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Camtek during the third quarter worth about $32,000. 41.93% of the stock is owned by institutional investors and hedge funds.

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.