MIGDAL HA'EMEK, Israel, July 22, 2025 /PRNewswire/ -- Camtek Ltd. (Nasdaq: CAMT) (TASE: CAMT) announced that it would be releasing its financial results for the second quarter 2025 on Tuesday, August 5, 2025.The Company will host a video conference call later that same day via Zoom, starting at 9:00 am ET. Rafi Amit, Chief Executive Officer, Moshe Eisenberg, Chief Financial Officer and Ramy Langer, Chief Operating Officer will host the call and will be available to answer questions after presenting the resu ...

Company Overview - Camtek is a market leader in metrology and inspection for advanced packaging with an installed base of over 3,000 tools[9, 16] - The company's systems ensure Known-Good-Die by providing inspection & metrology of 100% of the dice on the wafer[17] - As of March 31, 2025, Camtek had $522.6 million in cash[9] Market and Growth - Target markets are experiencing double-digit growth, including HBM & Chiplets (25-35% through 2030), Automotive SiC (22% through 2030), and HPC/AI (>12%)[20] - Approximately 45-50% of Camtek's revenues are derived from these segments[20] - The CoWoS market is projected to have a 51% CAGR from 2025-2029[39] Financial Performance - Camtek's revenue has grown significantly, reaching $429 million in 2024[10] - Operating income also increased to $130 million in 2024[12] - Q1 2025 revenue was $118.6 million, a 22% year-over-year increase, with a gross margin of 52.1% and operating income of $37.3 million, a 29% year-over-year increase[51] Future Outlook - Q2 2025 guidance projects revenue between $120-123 million, representing a 17%-20% increase year-over-year[57] - The company aims to reach a $500 million revenue target, with a gross margin of 51-53% and an operating margin of 30-33%[59]

Company Performance - Camtek (CAMT) closed at $84.10, reflecting a +2.45% increase from the previous day, outperforming the S&P 500's gain of 0.8% [1] - Over the past month, Camtek's shares have appreciated by 25.75%, significantly exceeding the Computer and Technology sector's gain of 8.5% and the S&P 500's gain of 5.12% [1] Upcoming Financial Results - Camtek is expected to report an EPS of $0.79, representing a 19.7% increase compared to the same quarter last year [2] - The consensus estimate projects revenue of $121.65 million, reflecting an 18.58% rise from the equivalent quarter last year [2] Full Year Projections - For the full year, earnings are projected at $3.2 per share and revenue at $488.2 million, indicating changes of +13.07% and +13.74% respectively from the prior year [3] - Recent adjustments to analyst estimates for Camtek suggest positive sentiment regarding the company's business and profitability [3] Valuation Metrics - Camtek currently has a Forward P/E ratio of 25.67, which is a discount compared to its industry's Forward P/E of 31.13 [5] - The PEG ratio for Camtek is 2.03, while the Electronics - Measuring Instruments industry has an average PEG ratio of 1.99 [6] Industry Context - The Electronics - Measuring Instruments industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 175, placing it in the bottom 29% of over 250 industries [6][7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Insights - The article highlights the importance of lesser-known companies in the AI ecosystem, which are crucial for the foundational growth of AI technology [1][2][18] - These companies, often referred to as "hidden gems," provide essential infrastructure and services that support the AI revolution, contrasting with the more visible chip designers and software giants [1][2][18] Company Summaries Camtek - Camtek specializes in inspection and metrology equipment essential for semiconductor manufacturing, ensuring AI chips function correctly [5][7] - The company reported a 22% year-over-year revenue increase to $118.6 million and a 38% rise in net income to $34.3 million for Q1 2025 [6] - Management projects Q2 revenue between $120 million and $123 million, indicating a growth rate of 17% to 20% [6] - Camtek's market cap is $3.8 billion, and it is recognized as a key player in the advanced packaging market for AI applications [8] FormFactor - FormFactor addresses the challenge of testing AI chips with thousands of connections at high speeds, using advanced wafer probe cards [9][12] - The company reported Q1 2025 revenue of $171.4 million, with Q2 guidance set at $190 million, despite facing export restrictions [10] - FormFactor's acquisition of FICT Limited enhances its capabilities in advanced probe card components, and a $75 million share buyback reflects management's confidence [11] - The company is well-positioned to meet the increasing demands for sophisticated testing as AI chip complexity rises [12] Vertiv Holdings - Vertiv focuses on cooling solutions for AI data centers, which are critical for managing the heat generated by large-scale AI computations [13][16] - The company achieved Q1 2025 net sales of $2 billion, a 24% increase year-over-year, with a backlog 25% higher than the previous year [14] - Vertiv's collaboration with Nvidia and iGenius to deploy a large AI supercomputer in Italy showcases its role in AI infrastructure [15] - Full-year 2025 sales guidance has been raised to between $9.3 billion and $9.6 billion, reflecting the growing demand for thermal management solutions in AI [16] Industry Overview - The article emphasizes the interconnected roles of Camtek, FormFactor, and Vertiv in the AI ecosystem, where each company plays a vital part in the manufacturing, testing, and operational phases of AI chip deployment [17] - As AI adoption accelerates, the demand for inspection equipment, testing technology, and cooling infrastructure is expected to intensify, highlighting the critical nature of these "pick-and-shovel" companies [18]

Company Overview - Camtek (CAMT) shares increased by 9% to close at $81.55, with a notable trading volume compared to normal sessions, and a total gain of 15.2% over the past four weeks [1] - The company is experiencing growth due to its diversified customer base and strong market position in advanced packaging, particularly in high-performance computing (HPC) applications that support AI [1] Earnings Expectations - Camtek is projected to report quarterly earnings of $0.79 per share, reflecting a year-over-year increase of 19.7% [2] - Expected revenues for the upcoming quarter are $121.65 million, which is an 18.6% increase from the same quarter last year [2] Stock Performance Insights - Trends in earnings estimate revisions are closely linked to short-term stock price movements, indicating potential strength in Camtek's stock [3] - The consensus EPS estimate for Camtek has remained stable over the last 30 days, suggesting that the stock's price may not continue to rise without changes in earnings estimates [4] Industry Context - Camtek is part of the Zacks Electronics - Measuring Instruments industry, where inTest Corporation (INTT) also operates, having seen a 4.8% increase in its stock price to $7.25, with a 15% return over the past month [4] - inTest's consensus EPS estimate has remained unchanged at -$0.04, representing a significant year-over-year decline of 150%, and it currently holds a Zacks Rank of 4 (Sell) [5]

Camtek (CAMT) closed the most recent trading day at $70.33, moving -4.23% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.13%. At the same time, the Dow lost 1.79%, and the tech-heavy Nasdaq lost 1.3%. Prior to today's trading, shares of the maker of automatic optical inspection and process enhancement systems had gained 10.42% outpaced the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 3.55%.The investment community will be payi ...

Financial Data and Key Metrics Changes - The company reported record revenues of $119 million for Q1, reflecting a year-over-year increase of over 20% [6] - Gross margin improved to over 52%, contributing to a record operating income of over $37 million, a nearly 30% increase compared to the same period last year [7] - Net income for Q1 was $38.7 million, or $0.79 per diluted share, compared to $31.3 million, or $0.64 per share in the same quarter last year [17] Business Line Data and Key Metrics Changes - Revenue distribution was approximately 45-50% from high-performance computing (HPC) applications and about 20% from other advanced packaging applications [7] - The company sold systems to over 35 different customers during the quarter, indicating a robust and diverse business model [9] Market Data and Key Metrics Changes - Geographic revenue split for the quarter was 91% from Asia and 9% from the rest of the world [15] - The company has not seen any material impact from geopolitical issues or tariff policies, as most sales are not targeted at the US market [9] Company Strategy and Development Direction - The primary growth engine for the upcoming years will be advanced packaging, particularly in HPC supporting AI applications [11] - The company is focused on maintaining competitiveness through technological leadership and has successfully launched two new models, the Eagle G5 and the Hawk, which are expected to account for a significant portion of revenue this year [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong momentum heading into Q2, guiding revenues in the range of $120 million to $123 million, representing approximately 18% year-over-year growth [10] - The company remains in close dialogue with customers to continuously assess and monitor the global business uncertainty [13] Other Important Information - The company generated $23.6 million in cash from operations, with cash and cash equivalents totaling $523 million at the end of the quarter [18] - Inventory levels increased to $141.5 million, primarily due to building inventory for the newly introduced products [19] Q&A Session Summary Question: Concerns about larger competitors like KLA entering the market - Management stated that they have engaged with KLA and demonstrated that their systems are highly competitive, emphasizing their ability to meet specific market requirements quickly [24] Question: Product positioning in HBM4 and customer preferences - Management indicated that customers typically prefer to buy new equipment rather than upgrade existing tools, and they believe they are well-positioned to meet customer needs with both the Hawk and Eagle models [28] Question: HPC revenue outlook for the full year - Management expects HPC to continue being a strong segment, maintaining a similar revenue range as in Q1 [31] Question: Growth outlook for the back half of the year - Management expressed confidence in solid business for Q3, supported by a healthy backlog and pipeline [36] Question: Update on new products and customer feedback - Management reported positive customer feedback and increased orders for both the Eagle G5 and Hawk, expecting significant revenues from these products [40] Question: Gross margin expectations moving forward - Management anticipates gross margins to remain in the 51-52% range, with improvements expected as new products ramp up [44] Question: Market share in HPC and competitive landscape - Management believes they have maintained or grown market share, particularly in 2D applications, and are well-positioned against competitors [68] Question: Order dynamics and revenue guidance - Management noted some uncertainty in the market but has not experienced material impacts on business operations [73] Question: Inorganic growth opportunities - Management is actively looking for acquisition opportunities but emphasized that organic growth remains a priority [80]

Financial Data and Key Metrics Changes - Q1 2025 revenues reached $119 million, reflecting a year-over-year increase of over 20% [5] - Gross margin improved to over 52%, contributing to a record operating income of over $37 million, a nearly 30% increase compared to the same period last year [6] - Net income for Q1 2025 was $38.7 million, or $0.79 per diluted share, compared to $31.3 million, or $0.64 per share in Q1 2024 [15] - Operating margin was 31.5%, compared to 29.9% in Q1 2024 [15] Business Line Data and Key Metrics Changes - Revenue distribution: 45-50% from high-performance computing (HPC) applications, about 20% from other advanced packaging applications, and the remainder from CMOS image sensors, compound semiconductors, and general 2D applications [6] - The company sold systems to over 35 different customers, indicating a robust and diverse business model [7] Market Data and Key Metrics Changes - Geographic revenue split for the quarter was 91% from Asia and 9% from the rest of the world [13] - The company has not seen any material impact from geopolitical issues or tariff policies, as most sales are not targeted at the US market [7] Company Strategy and Development Direction - The primary growth engine for the upcoming years will be advanced packaging, particularly in HPC supporting AI applications [9] - The company is positioned strongly in the advanced packaging market, with a focus on technological leadership and competitiveness [12] - New technologies are expected to drive new tool requirements, particularly with the transition to HBM4 [10] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are uncertainties in the market due to geopolitical issues, they have not experienced delays or order cancellations [8] - The company expects Q2 2025 revenue in the range of $120 million to $123 million, representing approximately 18% year-over-year growth [8] - Management remains optimistic about the growth potential in both HPC and advanced packaging markets [48] Other Important Information - The company generated $23.6 million in cash from operations, with cash and cash equivalents totaling $523 million at the end of the quarter [16] - Inventory levels increased to $141.5 million, primarily due to building inventory for newly introduced products [16] Q&A Session Summary Question: Concerns about competition from KLA - Management expressed confidence in their competitive position, highlighting their ability to meet specific market requirements faster than larger competitors [21][22] Question: Product positioning for HBM4 - Management indicated that customers typically prefer to buy new equipment rather than upgrade existing tools, and they are well-positioned with both the Hawk and Eagle product lines [25][26] Question: HPC revenue outlook for the full year - Management expects HPC to continue to be a strong segment, maintaining a similar revenue range as seen in Q1 [28] Question: Growth outlook for the back half of the year - Management is optimistic about growth, supported by a healthy backlog and pipeline [32] Question: Update on new products - Management reported positive customer feedback and increased orders for the new products, expecting significant revenue contributions in 2025 [36][37] Question: Gross margin outlook - Management expects gross margins to remain within the 51-52% range, with improvements anticipated as new products ramp up [40] Question: Impact of tariffs on competition - Management does not foresee any competitive advantage from tariffs, as they are monitoring the situation closely [41] Question: Trends in HPC and COAS - Management noted growth in both HPC and COAS markets, with optimism about future demand [45][46] Question: Market share in HPC - Management believes they have maintained or grown their market share, particularly in 2D applications [64] Question: Order dynamics and visibility - Management indicated that while there is some caution in the market, they have not experienced material impacts on business [70]

Core Insights - Camtek (CAMT) reported quarterly earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and up from $0.63 per share a year ago [1][2] - The company posted revenues of $118.64 million for the quarter, slightly missing the Zacks Consensus Estimate by 0.30%, but up from $97.01 million year-over-year [3] - The stock has underperformed the market, losing about 14.3% since the beginning of the year compared to the S&P 500's decline of -0.6% [4] Earnings Performance - The earnings surprise for the recent quarter was 2.60%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.78, with expected revenues of $120.85 million, and for the current fiscal year, the estimate is $3.16 on revenues of $485.55 million [8] Industry Context - Camtek operates within the Zacks Electronics - Measuring Instruments industry, which is currently ranked in the bottom 10% of over 250 Zacks industries [9] - The industry outlook can significantly impact stock performance, with research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9] Future Outlook - The estimate revisions trend for Camtek is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] - The upcoming earnings call will be crucial for assessing future earnings expectations and management's commentary [4][5]

Group 1 - Camtek Ltd. will release its financial results for the first quarter of 2025 on May 13, 2025 [1] - A video conference call will be hosted by the CEO, CFO, and COO on the same day at 9:00 am ET to discuss the results [2] - The call will be available for replay shortly after its conclusion through a provided link or on Camtek's website [3] Group 2 - Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry [4] - The company's systems inspect integrated circuits and measure features on wafers throughout the semiconductor production process [4] - Camtek serves demanding market segments including Advanced Interconnect Packaging, Heterogeneous Integration, and CMOS Image Sensors, among others [4]