Why Camtek Stock Was Plunging This Week

Core Insights - Camtek's share price has declined nearly 15% week to date due to disappointing quarterly results [1] - The company reported an all-time high revenue of over $123 million for the second quarter, a 20% increase year-over-year, with adjusted net income rising 19% to almost $39 million or $0.79 per share [2] - The semiconductor industry is experiencing significant investor interest driven by the growth of AI functionalities, but Camtek's performance only met average analyst estimates for adjusted profitability [4] Financial Performance - Camtek achieved a revenue of just over $123 million in the second quarter, marking a 20% year-over-year increase [2] - The adjusted net income for the same period was nearly $39 million, reflecting a 19% increase [2] - The company expects third-quarter revenue of $125 million, which would represent an 11% year-over-year growth, but is lower than the second quarter's performance [6] Market Position and Strategy - Camtek is focusing on AI, particularly in its advanced packaging segment, to meet the increasing demand for inspection and measuring tools driven by AI's computing power requirements [5] - The semiconductor industry is currently under scrutiny as investors expected stronger performance from companies like Camtek amid the AI boom [4]