Accessibility StatementSkip Navigation MIGDAL HAEMEK, Israel, Sept. 12, 2025 /PRNewswire/ -- Camtek Ltd. (Nasdaq: CAMT; TASE: CAMT) announced today the pricing of $425 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering was upsized from the previously announced ...

Accessibility StatementSkip Navigation MIGDAL HAEMEK, Israel, Sept. 11, 2025 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT) announced today its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the "Notes") in a proposed private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Secur ...

Core Viewpoint - The average brokerage recommendation (ABR) for Camtek (CAMT) is 1.64, indicating a general suggestion to buy the stock, but reliance solely on this metric may not be advisable due to potential biases in brokerage recommendations [2][5][10]. Group 1: Brokerage Recommendations - Camtek has an ABR of 1.64, which is between Strong Buy and Buy, based on recommendations from 11 brokerage firms [2]. - Out of the 11 recommendations, seven are classified as Strong Buy and one as Buy, representing 63.6% and 9.1% of total recommendations respectively [2]. - Despite the positive ABR, studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [5][10]. Group 2: Analyst Bias and Zacks Rank - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [6][10]. - The Zacks Rank, a proprietary stock rating tool, categorizes stocks based on earnings estimate revisions and has shown a strong correlation with near-term stock price movements [8][11]. - The Zacks Rank for Camtek is currently 4 (Sell), indicating a decline in earnings estimates by 0.7% over the past month, which suggests growing pessimism among analysts regarding the company's earnings prospects [13][14]. Group 3: Timeliness and Reliability - The ABR may not always be up-to-date, while the Zacks Rank reflects timely revisions of earnings estimates, making it a more reliable indicator for predicting future stock prices [12]. - The recent consensus estimate change for Camtek, along with other factors, has led to its Zacks Rank of 4 (Sell), suggesting caution despite the favorable ABR [14].

Core Insights - Camtek's share price has declined nearly 15% week to date due to disappointing quarterly results [1] - The company reported an all-time high revenue of over $123 million for the second quarter, a 20% increase year-over-year, with adjusted net income rising 19% to almost $39 million or $0.79 per share [2] - The semiconductor industry is experiencing significant investor interest driven by the growth of AI functionalities, but Camtek's performance only met average analyst estimates for adjusted profitability [4] Financial Performance - Camtek achieved a revenue of just over $123 million in the second quarter, marking a 20% year-over-year increase [2] - The adjusted net income for the same period was nearly $39 million, reflecting a 19% increase [2] - The company expects third-quarter revenue of $125 million, which would represent an 11% year-over-year growth, but is lower than the second quarter's performance [6] Market Position and Strategy - Camtek is focusing on AI, particularly in its advanced packaging segment, to meet the increasing demand for inspection and measuring tools driven by AI's computing power requirements [5] - The semiconductor industry is currently under scrutiny as investors expected stronger performance from companies like Camtek amid the AI boom [4]

Financial Data and Key Metrics Changes - The company reported record revenues of $123.3 million for Q2, reflecting over 20% growth year over year [5][11] - Gross margin was maintained at around 51.9%, similar to the previous quarter, contributing to an operating income of over $37 million [12] - Net income for Q2 was $38.8 million, or $0.79 per diluted share, compared to $32.6 million, or $0.66 per share in the same quarter last year [13] - Cash and cash equivalents increased to $544 million from $523 million at the end of the previous quarter [14] Business Line Data and Key Metrics Changes - High-performance computing (HPC) applications contributed approximately 45-50% of total revenue, while advanced packaging applications accounted for about 20% [6][11] - The advanced packaging segment is rapidly evolving, driven by technological changes to support AI applications [8] Market Data and Key Metrics Changes - Geographic revenue split for the quarter was 90% from Asia and 10% from the rest of the world [11] - The company expects Q3 revenue to be approximately $125 million, indicating a strong sales pipeline and healthy order flow into Q4 [8][15] Company Strategy and Development Direction - The company has made significant strategic investments in developing innovative solutions to address emerging opportunities in advanced packaging and HPC [9][10] - The launch of the AUK and Eagle 5 systems is expected to generate approximately 30% of total revenue this year, with larger contributions projected for the next year [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong momentum heading into the third quarter, supported by a healthy order flow and pipeline [7][8] - The advanced packaging market supporting AI applications is expected to grow rapidly over the next few years, driven by new packaging technologies [8][9] Other Important Information - Operating expenses increased to $26.6 million due to exceptionally high shipping expenses related to geopolitical conflicts [12][13] - The company has successfully adopted its micro proof metrology system by a tier-one customer, with over 30 systems installed in production environments [10] Q&A Session Summary Question: What is the expectation for HPC contribution in the second half of the year? - Management expects HPC contribution to remain similar to the first half, around 45-50% [17][18] Question: What is the current expectation for China’s contribution to total revenue? - The contribution from China is expected to be slightly higher than the previous year's 30% [19] Question: How does Camtek view competition from KLA in the hybrid bonding market? - Management believes they are well-positioned to compete effectively against KLA, citing strong customer relationships and competitive technology [24][25] Question: What traction is being seen for the Eagle 5 and Hawk products? - The Hawk is noted for high throughput and addressing difficult applications, while the Eagle 5 is faster and offers better defect detection capabilities [28][30] Question: What are the growth prospects for 2026? - Management anticipates rapid growth in the HPC market, driven by technological changes and new applications [33][34] Question: What is the expected ratio of Hawk versus Eagle shipments for HBM4? - The ratio is customer-dependent, with both products being successful in the market [84] Question: Are OSATs showing signs of strengthening? - OSATs are increasingly involved in high-performance computing applications, with significant orders being seen [58][89]

Financial Data and Key Metrics Changes - Camtek reported record revenues of $123.3 million for Q2, reflecting over 20% growth year over year [6][12] - Gross margin was maintained at approximately 52%, contributing to a record operating income of over $37 million [6][12] - Operating profit for the quarter was $37.4 million, compared to $30.8 million in the same quarter last year [13] - Net income for Q2 was $38.8 million, or $0.79 per diluted share, compared to $32.6 million, or $0.66 per share in the prior year [14] Business Line Data and Key Metrics Changes - High-performance computing (HPC) applications contributed approximately 45-50% of total revenue, while advanced packaging applications accounted for about 20% [7] - The advanced packaging segment is rapidly evolving, driven by technological changes to support high-performance computing for AI applications [8] Market Data and Key Metrics Changes - Geographic revenue split for the quarter was 90% from Asia and 10% from the rest of the world [12] - The advanced packaging market supporting AI-related applications is expected to grow rapidly over the next few years [8] Company Strategy and Development Direction - Camtek has made significant strategic investments to develop innovative solutions addressing emerging opportunities in advanced packaging and inspection technologies [10] - The company anticipates that its new systems, AUK and Eagle 5, will generate approximately 30% of total revenue this year, with larger contributions expected next year [11] Management's Comments on Operating Environment and Future Outlook - Management expressed positive momentum heading into the third quarter, with expectations of approximately $125 million in revenue for Q3 [8][16] - The company expects continued growth in the high-performance computing market, driven by advancements in packaging technologies [36][54] Other Important Information - Operating expenses increased to $26.6 million due to exceptionally high shipping costs related to geopolitical conflicts, but these costs are expected to normalize [13][75] - Cash and cash equivalents as of June 30, 2025, were $544 million, up from $523 million at the end of the previous quarter [15] Q&A Session Summary Question: Update on business composition for the second half of the year - Management expects HPC contribution to remain similar to the first half, with a slight increase in China's contribution to total revenue [20][21] Question: Camtek's position against KLA in HPC markets - Management believes they are well-positioned to compete with KLA, citing strong customer relationships and competitive technology [25][26] Question: Traction for Eagle G5 and Hawk products - The Hawk provides high throughput and addresses challenging applications, while the Eagle G5 is faster and offers better defect detection capabilities [30][32] Question: Growth prospects for 2026 - Management anticipates rapid growth in the high-performance computing market, with expectations for another growth year in 2026 [36][54] Question: Impact of HBM4 on shipments - The ratio of Hawk versus Eagle shipments for HBM4 is customer-dependent, with both products being successful in the market [85] Question: OSATs and their strengthening - OSATs are increasingly involved in high-performance computing applications, with significant orders being received for these applications [58][89]

Company Performance - Camtek reported quarterly earnings of $0.79 per share, matching the Zacks Consensus Estimate, and an increase from $0.66 per share a year ago [1] - The company posted revenues of $123.32 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 1.40% and up from $102.59 million year-over-year [2] - Over the last four quarters, Camtek has surpassed consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Movement and Outlook - Camtek shares have increased approximately 19.8% since the beginning of the year, outperforming the S&P 500's gain of 7.6% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.81 for the coming quarter and $3.19 for the current fiscal year [4][7] - The estimate revisions trend for Camtek was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Electronics - Measuring Instruments industry, to which Camtek belongs, is currently ranked in the top 13% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the Month of August 2025 CAMTEK LTD. UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Translation of Registrant's Name into English) Ramat Gavriel Industrial Zone P.O. Box 544 Migdal Haemek 23150 ISRAEL (Address of Principal Corporate Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. For ...

Core Viewpoint - Camtek Ltd. anticipates continued growth in Q3 2025, projecting revenues of approximately $125 million, which translates to an annualized run rate of half a billion dollars [3][4]. Financial Highlights - Revenues for Q2 2025 were reported at $123.3 million, marking a 20% increase from $102.6 million in Q2 2024 [5][8]. - Gross profit on a GAAP basis for Q2 2025 was $62.2 million, representing 50.8% of revenues, up 22% from $51.1 million (49.9% of revenues) in Q2 2024 [5][8]. - Non-GAAP gross profit for the same period was $64.0 million (51.9% of revenues), also a 22% increase compared to $52.4 million (51.0% of revenues) in Q2 2024 [6][8]. - Operating income on a GAAP basis reached $32.0 million (25.9% of revenues), a 24% increase from $25.9 million (25.2% of revenues) in Q2 2024 [6][8]. - Non-GAAP operating income was $37.4 million (30.3% of revenues), up 21% from $30.8 million (30.0% of revenues) in Q2 2024 [7][8]. - Net income on a GAAP basis was $33.7 million, or $0.69 per diluted share, a 21% increase from $28.0 million ($0.57 per diluted share) in Q2 2024 [7][8]. - Non-GAAP net income totaled $38.8 million ($0.79 per diluted share), a 19% increase from $32.6 million ($0.66 per diluted share) in Q2 2024 [9][8]. Management Insights - CEO Rafi Amit highlighted that the company is experiencing record performance in 2025, driven by high-performance computing applications for AI, with a year-over-year revenue growth of 20% and strong gross margins around 52% [4][8]. - The Advanced Packaging segment is evolving rapidly, with expectations of an industry-wide upgrade cycle due to new technological requirements in AI [4][8]. - The company introduced new systems, Eagle G5 and Hawk, which have been well received in the market, aligning with the technological advancements needed for AI [4][8]. - Camtek aims to achieve its long-term revenue goal of half a billion dollars and maintains a healthy order flow into Q4 2025 [4][8]. Cash Position - As of June 30, 2025, the company reported cash and cash equivalents, short-term and long-term deposits, and marketable securities totaling $543.9 million, an increase from $522.6 million as of March 31, 2025 [9].

Company Overview - Camtek Ltd. is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry, focusing on inspecting integrated circuits (IC) and measuring IC features on wafers throughout the production process [4] - The company serves demanding semiconductor market segments, including Advanced Interconnect Packaging, Heterogeneous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF, catering to leading global IDMs, OSATs, and foundries [4] Financial Results Announcement - Camtek Ltd. will release its financial results for the second quarter of 2025 on August 5, 2025 [1] - A video conference call will be hosted on the same day at 9:00 am ET, featuring Rafi Amit (CEO), Moshe Eisenberg (CFO), and Ramy Langer (COO) [2] Participation and Replay Information - Participants can register for the Zoom call via a provided link, and a replay will be available shortly after the call concludes [2][3]