Camtek (CAMT) , a manufacturer of inspection and metrology equipment for the semiconductor industry, has gained 31.2% year to date (YTD), outperforming the Zacks Computer and Technology and S&P 500 index's growth of 20.7% and 18.4%, respectively. In the meantime, the Zacks Electronics - Measuring Instruments industry in which the stock belongs has declined 1.4% YTD. This significant outperformance reflects Camtek's continued success in expanding its product offerings, securing high-value deals and maintaini ...

Financial Data and Key Metrics Changes - Camtek reported record quarterly revenue of $102.6 million, representing a 40% increase compared to Q2 2023 [6] - Gross margin improved to 51%, up from 50.6% in Q1 2024 and 48% in Q2 2023 [12] - Operating profit was $30.8 million, compared to $18.3 million in Q2 2023, with an operating margin of 30% [13][14] - Net income for Q2 2024 was $32.6 million, or $0.66 per diluted share, compared to $21.9 million, or $0.45 per share, in Q2 2023 [14] Business Line Data and Key Metrics Changes - Over 50% of sales were for high-performance computing (HPC) related products, with approximately 15% for OSATs, mainly for Advanced Packaging [6][7] - The demand for HPC modules has tripled since Q2 2023, driven by generative AI applications [8] - Operating expenses increased to $21.6 million, up from $17.1 million in Q2 2023, due to planned expansion [13] Market Data and Key Metrics Changes - Geographic revenue split showed Asia contributing 92%, while the U.S. and Europe accounted for 8% [12] - The company expects continued growth in the HPC segment, with revenue guidance for Q3 2024 between $107 million to $110 million, representing about 35% growth year-over-year [7][15] Company Strategy and Development Direction - The main growth driver is the demand for HPC modules for generative AI, with expectations for continued growth into 2025 [8][11] - The company is focusing on expanding its capabilities in OSATs to support the production of HPC modules suitable for AI applications [10] - Camtek is preparing for increased demand for semiconductor equipment as countries expand their manufacturing capabilities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand for HPC products and the stability of the business despite geopolitical concerns [11][47] - The company anticipates that the demand for HPC, along with the establishment of new facilities in key countries, will support growth through 2025 [11] - Management noted that the overall contribution from HPC modules is expected to account for 50% to 60% of revenue for the year [16] Other Important Information - Cash and cash equivalents as of June 30, 2024, were $454 million, down from $466 million at the end of Q1 2024 [14] - Inventory levels increased by $7 million to $109 million to support anticipated sales growth [15] - The company is integrating FRT into its operations, with expectations for future growth from this acquisition [52] Q&A Session Summary Question: What is the current estimate for the overall contribution of HPC modules for the full year? - Management expects HPC modules to account for 50% to 60% of revenue for the entire year [16] Question: Is there any change in the HBM versus chiplet mix going into the second half? - The ratios will vary, but overall, both markets are stable [18] Question: What is the expectation for gross margin in the next two quarters? - Management anticipates gross margin to remain between 50% to 51.5% [19] Question: Are there signs of improvement in traditional businesses like wafer-level packaging? - Management sees improvement in traditional businesses and expects growth in the coming quarters [21] Question: How is the FRT acquisition trending? - The integration is underway, and while FRT is still a small business, there are significant opportunities for growth [52]

Core Viewpoint - Camtek (CAMT) reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, and showing an increase from $0.45 per share a year ago [1][2] Financial Performance - The company achieved revenues of $102.59 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.13% and up from $73.76 million year-over-year [3] - Camtek has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2][3] Stock Performance - Camtek shares have increased approximately 51.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $103.93 million, and for the current fiscal year, it is $2.61 on revenues of $409.15 million [8] - The outlook for the Electronics - Measuring Instruments industry, where Camtek operates, is currently in the bottom 8% of Zacks industries, which may impact stock performance [9]

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 $ ...

Camtek Ltd. (CAMT) is scheduled to report second-quarter 2024 results on Aug 1. The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 8.4%. In the last reported quarter, Camtek posted non-GAAP earnings of 64 cents per share, up from 42 cents reported in the year-ago quarter. The figure also surpassed the Zacks Consensus Estimate of 57 cents per share. Revenues increased 34% year over year to $97 million and surpassed the consensus mark of ...

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 ...