Core Viewpoint - Camtek (CAMT) reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, and showing an increase from $0.57 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 4.05%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Camtek's revenues for the quarter ended December 2024 were $117.29 million, surpassing the Zacks Consensus Estimate by 1.97%, compared to $88.69 million in the same quarter last year [3] - The company has also exceeded consensus revenue estimates in all four of the last quarters [3] Stock Performance - Camtek shares have increased approximately 8.2% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $116.83 million, and for the current fiscal year, it is $3.18 on revenues of $489 million [8] - The estimate revisions trend for Camtek is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Electronics - Measuring Instruments industry, to which Camtek belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [9]

Q4 revenues of $117 million; Q1 2025 revenue guidance of $118-120 million, up ~23% YoY MIGDAL HAEMEK, Israel, Feb. 12, 2025 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the fourth quarter and year ended December 31, 2024. 2024 Fourth Quarter Financial Highlights Record revenues of $117.3 million, a 32% YoY increase; GAAP operating income of $31.3 million (up 82% YoY) and non-GAAP operating income of $36.3 million (up 42% YoY), representing operating ma ...

In the latest trading session, Camtek (CAMT) closed at $86.35, marking a +0.98% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.92%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.03%.Heading into today, shares of the maker of automatic optical inspection and process enhancement systems had gained 6.18% over the past month, outpacing the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.81% in that time.The upcoming earnings ...

Camtek (CAMT) shares soared 3.4% in the last trading session to close at $107.14. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 24.3% gain over the past four weeks.The optimism surrounding the stock can be attributed to the rising adoption of Camtek’s advanced interconnect packaging technologies, such as heterogeneous integration, which includes chiplet modules and high bandwidth memory. Winning multiple system orders from seve ...

Company Performance - Camtek (CAMT) ended the recent trading session at $90.84, demonstrating a -0.23% swing from the preceding day's closing price, lagging behind the S&P 500's 0.16% gain [1] - Over the past month, shares of Camtek gained 24.44%, outperforming the Computer and Technology sector's loss of 0.17% and the S&P 500's loss of 2.8% [1] Upcoming Earnings - Camtek is forecasted to report an EPS of $0.74, showcasing a 29.82% upward movement from the corresponding quarter of the prior year [2] - The consensus estimate for quarterly revenue is $115.03 million, up 29.69% from the year-ago period [2] Analyst Estimates - Recent modifications to analyst estimates for Camtek reflect the latest short-term business trends, with positive revisions indicating analyst optimism about the company's business and profitability [3] - The Zacks Rank system, which integrates estimate changes, currently ranks Camtek as 3 (Hold) [5] Valuation Metrics - Camtek is trading with a Forward P/E ratio of 28.81, which is in line with the industry average [6] - The company has a PEG ratio of 1.32, compared to the industry average PEG ratio of 1.62 [7] Industry Context - The Electronics - Measuring Instruments industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 20, placing it in the top 8% of all industries [8]

Company Performance - Camtek (CAMT) closed at $82.46, reflecting a -1.47% change from the previous day, underperforming the S&P 500's loss of 1.11% [1] - The upcoming earnings disclosure is projected to show earnings of $0.74 per share, indicating a year-over-year growth of 29.82%, with revenue expected to be $115.03 million, a 29.69% increase compared to the same quarter last year [2] Analyst Insights - Recent revisions to analyst forecasts for Camtek are crucial, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Camtek at 3 (Hold), with a steady EPS estimate over the past month [5] Valuation Metrics - Camtek's Forward P/E ratio stands at 29.95, aligning with the industry average [6] - The company has a PEG ratio of 1.38, which is lower than the Electronics - Measuring Instruments industry's average PEG ratio of 1.64 [10] Industry Context - The Electronics - Measuring Instruments industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 5, placing it in the top 2% of over 250 industries [11] - Over the last month, Camtek's shares increased by 16.41%, outperforming the Computer and Technology sector's gain of 5.27% and the S&P 500's gain of 0.4% [8]

Group 1 - The average brokerage recommendation (ABR) for Camtek (CAMT) is 1.13, indicating a consensus between Strong Buy and Buy, with 87.5% of recommendations being Strong Buy and 12.5% being Buy [2][4] - Analysts employed by brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9] - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10] Group 2 - The Zacks Consensus Estimate for Camtek's earnings for the current year is $2.79, which has remained unchanged over the past month, suggesting steady analyst views on the company's earnings prospects [12] - Due to the unchanged consensus estimate and other factors, Camtek has a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13]

Camtek’s (CAMT) shares have plunged 25.9% in the past six months, underperforming the Zacks Computer and Technology sector and the S&P 500 index’s return of 9.9% and 13.7%, respectively.Camtek's recent underperformance can be attributed to escalating geopolitical tensions, particularly in the Middle East, raising investor concerns about its near-term outlook. The company's primary manufacturing facility in Israel makes it vulnerable to potential disruptions in production and supply-chain operations if regio ...

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]