The Hawk will be officially launched at Semicon Korea in February 2025MIGDAL HAEMEK, Israel, Nov. 27, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced that it has received over $50 million in initial orders from several customers for its new Hawk product, with additional orders in the pipeline. These orders will be delivered throughout 2025.The Hawk, based on a groundbreaking new platform, addresses high-end Advanced Packaging technologies including capabilities for inspection a ...

Financial Data and Key Metrics Changes - Camtek reported record quarterly revenue of $112 million, representing a 40% increase compared to Q3 2023 and a 10% sequential increase from Q2 2024 [8][17] - Gross profit for the quarter was $57.1 million, with a gross margin of 50.8%, similar to Q2 2024 and improved from 49% in Q3 2023 [18] - Operating profit was $34.2 million, compared to $22.2 million in Q3 2023, with an operating margin of 30.4% [20][21] - Net income for Q3 2024 was $37 million, or $0.75 per diluted share, compared to $25.2 million, or $0.51 per share in Q3 2023 [21] Business Line Data and Key Metrics Changes - Approximately 50% of sales were for high-performance computing (HPC) products, with 20% for advanced packaging applications [8] - The introduction of the Eagle G5 system has already garnered over $20 million in orders since its launch [11] Market Data and Key Metrics Changes - Geographic revenue split showed Asia accounting for 87% of revenue, while the U.S. and Europe contributed 13% [17] - The company expects revenue guidance for Q4 to be around $115 million, representing about 30% year-over-year growth [10] Company Strategy and Development Direction - The main growth driver in the semiconductor market is HPC modules for Generative AI, with expectations for continued demand into 2025 [9] - Camtek is adding new manufacturing capacity in Europe, expected to start operating in 2025, to meet anticipated demand [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business outlook for 2025, expecting it to be another year of growth [15] - The company noted that the bottleneck in the HPC segment is due to a lack of production capacity for 2.5D substrates, which is expected to be resolved in 2025 [14] Other Important Information - Cash and cash equivalents as of September 30, 2024, were $489 million, up from $454 million at the end of Q2 2024 [22] - Days sales outstanding improved to 57 days, down from over 100 days last year [23] Q&A Session Summary Question: Insights on HPC market and HBM overcapacity concerns - Management indicated that HPC demand, including chiplets and HBMs, is expected to grow together, with no significant slowdown anticipated [26] Question: Expectations for China revenue contribution - For 2024, China is expected to contribute around 30% to 35% of revenue, with a similar or slightly larger contribution anticipated for 2025 [28] Question: Impact of advanced packaging substrate constraints on revenue - Management remains confident about Q4 revenue and the first quarter of 2025, with positive trends in HPC continuing [31] Question: Details on new product applications and addressable market - The new product is aimed at high-end applications, including hybrid bonding, with expected revenue contributions ramping up throughout 2025 [34] Question: Growth drivers from domestic manufacturing initiatives - While long-term geographic diversity in manufacturing is ongoing, it is not expected to significantly impact short-term results [41] Question: Outlook for CMOS Image Sensors and other applications - Management noted increased interest in CMOS Image Sensors and other applications, indicating potential growth in these areas [50]

Camtek (CAMT) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this maker of automatic optical inspection and process enhancement systems would post earnings of $0.65 per share when it actually produced earnings of $0.66, delivering a surprise ...

Record revenues of $112 million; Q4 revenue guidance of ~$115 million, up 30% YoY, primarily driven by High Performance Computing applications MIGDAL HAEMEK, Israel, Nov. 12, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the third quarter, ended September 30, 2024. Highlights of the third quarter of 2024 Record revenues of $112.3 million, a 40% year-over-year (YoY) increase; GAAP operating income of $29.6 million (up 56% YoY) and non-GAAP operating i ...

Camtek (CAMT) is scheduled to report third-quarter 2024 results before market open on Nov. 12. CAMT projects third-quarter revenues in the band of $107-$110 million. The Zacks Consensus Estimate for the top line is pegged at $108.8 million, indicating a year-over-year improvement of 35.2%. The consensus mark for earnings is pegged at 70 cents per share, unchanged over the past 60 days. This figure indicates an increase of 37.3% from the year-ago quarter's reported figure. CAMT's earnings beat the Zacks Cons ...

The most recent trading session ended with Camtek (CAMT) standing at $74.35, reflecting a +0.19% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw a decrease of 0.33%. The the stock of maker of automatic optical inspection and process enhancement systems has fallen by 7.57% in the past month, lagging the Computer and Technology sector's gain of 2.1% and the S&P 500's ga ...

The new system was introduced in September 2024 at Semicon Taiwan MIGDAL HAEMEK, Israel, Nov. 4, 2024 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced that it has received orders from multiple customers totaling $20 million for its newly launched product, the Eagle G5, which was introduced at Semicon Taiwan in September 2024. The orders will be used primarily for 2D inspection of Advanced Packaging Fan-out applications. This state-of-the-art system is based on the Eagle family and ma ...

MIGDAL HA'EMEK, Israel, Oct. 30, 2024 /PRNewswire/ -- Camtek Ltd. (Nasdaq: CAMT) (TASE: CAMT) announced that it would be releasing its financial results for the third quarter 2024 on Tuesday, November 12, 2024. 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 r ...

In the latest market close, Camtek (CAMT) reached $77.66, with a +0.09% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq gained 0.56%. The maker of automatic optical inspection and process enhancement systems's stock has dropped by 9.67% in the past month, falling short of the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%. Investors will be eage ...

The most recent trading session ended with Camtek (CAMT) standing at $80.60, reflecting a -1.83% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq gained 0.18%. Heading into today, shares of the maker of automatic optical inspection and process enhancement systems had gained 10.42% over the past month, outpacing the Computer and Technology sector's gain of 3.5% and the S&P 500' ...