Record revenues of $103 million; Q3 revenue guidance of $107-110 million, up ~35% YoY, driven by High Performance Computing applications MIGDAL HAEMEK, Israel, Aug. 1, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the second quarter, ended June 30, 2024. Highlights of the Second Quarter of 2024 Record revenues of $102.6 million, a 39% year-over-year (YoY) increase; GAAP operating income of $25.9 million (up 73% YoY) and non-GAAP operating income of $ ...

Core Viewpoint - Camtek Ltd. is expected to report its second-quarter 2024 results on August 1, with a history of surpassing consensus estimates in the previous four quarters, averaging an 8.4% surprise [1]. Financial Performance - In the last reported quarter, Camtek achieved non-GAAP earnings of 64 cents per share, an increase from 42 cents year-over-year, and exceeded the Zacks Consensus Estimate of 57 cents per share. Revenues rose 34% year-over-year to $97 million, surpassing the consensus mark of $94 million [2]. - For the upcoming second quarter, Camtek anticipates revenues between $100 million and $102 million, with the Zacks Consensus Estimate at $101.5 million, indicating a year-over-year growth of 37.5%. The consensus estimate for earnings is 65 cents per share, reflecting a 44.4% increase from the previous year [3]. Factors Influencing Performance - The expected strong performance in the second quarter is attributed to the increasing adoption of advanced interconnect packaging technologies, including heterogeneous integration (HI) and high bandwidth memory. Camtek's robust product portfolio is likely to enhance its performance across all end markets, supported by new advanced solutions in its metrology business [4]. - However, the overall financial performance may be negatively impacted by a decline in IT spending, as enterprises are delaying large IT investments due to a challenging global economic environment. Additionally, ongoing investments in research and development to align with HI technology roadmaps may also affect profitability [5]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for Camtek this season, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), which does not indicate a strong likelihood of surpassing earnings expectations [6].

MIGDAL HAEMEK, Israel, July 29, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced the receipt of orders for over $25 million from a tier-1 manufacturer specializing in High Bandwidth Memory (HBM). The orders are for advanced inspection and metrology systems for HBM with deliveries anticipated in the second half of 2024 and early 2025. Rafi Amit, Camtek's CEO commented, "These orders continue our strong momentum for HBM applications, positioning Camtek exceptionally well as a lead ...

Company Overview - Camtek is set to release its earnings report on August 1, 2024, with expected earnings of $0.65 per share, reflecting a year-over-year growth of 44.44% [1] - The consensus estimate for quarterly revenue is $101.45 million, which represents a 37.54% increase from the same period last year [1] - For the entire year, the Zacks Consensus Estimates forecast earnings of $2.61 per share and revenue of $409.15 million, indicating changes of +33.16% and +29.73%, respectively, compared to the previous year [10] Stock Performance - Camtek's shares have decreased by 18.29% over the past month, while the Computer and Technology sector and the S&P 500 have lost 5.32% and 1.16%, respectively [5] - The latest trading session saw Camtek's stock close at $100.97, with a slight increase of +0.06%, underperforming the S&P 500's daily gain of 1.11% [9] Valuation Metrics - Camtek currently has a PEG ratio of 1.95, compared to the average PEG ratio of 3.04 for Electronics - Measuring Instruments stocks [3] - The company has a Forward P/E ratio of 38.6, which is in line with the industry average [7] Analyst Estimates - Recent changes to analyst estimates for Camtek indicate a positive outlook for the company's business trends [6] - Camtek currently holds a Zacks Rank of 3 (Hold), with the Zacks Rank system showing a strong track record of exceeding expectations [11] Industry Context - The Electronics - Measuring Instruments industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 240, placing it within the bottom 5% of over 250 industries [12]

Core Viewpoint - Camtek Ltd. is set to release its financial results for the second quarter of 2024 on August 1, 2024, and will host a conference call to discuss these results [2][3]. Company Overview - Camtek Ltd. is a developer and manufacturer of high-end inspection and metrology equipment specifically for the semiconductor industry, focusing on inspecting integrated circuits (IC) and measuring IC features on wafers throughout the production process [5]. - 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 Integrated Device Manufacturers (IDMs), Outsourced Semiconductor Assembly and Test (OSAT) companies, and foundries [5]. - Camtek operates manufacturing facilities in Israel and Germany, along with eight offices worldwide, providing state-of-the-art solutions tailored to customer requirements [6].

In the latest market close, Camtek (CAMT) reached $112.06, with a -1.24% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.78%. Meanwhile, the Dow experienced a drop of 1.29%, and the technology-dominated Nasdaq saw a decrease of 0.7%. The investment community will be paying close attention to the earnings performance of Camtek in its upcoming release. The company is predicted to post an EPS of $0.65, indicating a 44.44% growth compared to the equivalent q ...

Camtek (CAMT) closed at $129.56 in the latest trading session, marking a +0.19% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.63%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.61 per share and revenue of $409.15 million. These totals would mark changes of +33.16% and +29.73%, respectively, from last year. Empirical research in ...

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Camtek recently received a $20 million order from a tier-1 Outsourced Semiconductor Assembly and Test (OSAT) provider. The OSAT provider will use Camtek's inspection and metrology tools in Advanced Packaging applications. These products will be delivered by the company in the second half of 2024. Camtek, as a major supplier for inspection and metrology of HBM, is poised to benefit from the growing HBM market. According to a report by Mordor Intelligence the HBM market size is projected to reach $7.95 billio ...