Camtek(US:CAMT) Prnewswire·2025-11-10 12:45Core Viewpoint - Camtek Ltd. is expected to report strong financial performance in Q4 2025, with projected revenues of approximately $127 million, contributing to a record annual revenue of $495 million, reflecting a 15% growth compared to 2024 [3][4]. Financial Highlights - Q3 2025 revenues reached $126 million, marking a 12% increase from $112.3 million in Q3 2024 [5][8]. - Gross profit on a GAAP basis for Q3 2025 was $63 million, representing 50% of revenues, up from $55.9 million (49.7% of revenues) in Q3 2024 [5][8]. - Non-GAAP gross profit for Q3 2025 was $64.9 million (51.5% of revenues), a 14% increase from $57.1 million (50.8% of revenues) in Q3 2024 [6][8]. - GAAP operating income for Q3 2025 was $31.9 million (25.3% of revenues), an increase of 7% from $29.6 million (26.4% of revenues) in Q3 2024 [6][8]. - Non-GAAP operating income for Q3 2025 was $37.6 million (29.9% of revenues), a 10% increase from $34.2 million (30.4% of revenues) in Q3 2024 [7][8]. Capital and Cash Flow - The company raised $500 million through a private offering of 0% coupon convertible senior notes, using part of the proceeds to repurchase prior notes [7][9]. - Operating cash flow generated during Q3 2025 was over $34 million, with cash and cash equivalents totaling $794 million as of September 30, 2025, compared to $543.9 million as of June 30, 2025 [9][9]. Market Position and Future Outlook - CEO Rafi Amit highlighted the ongoing demand for high-performance computing for AI applications as a key driver of growth, with expectations for continued annual growth into 2026 [4][4]. - The company is well-positioned to capitalize on significant investments in AI and data centers, anticipating a more weighted revenue distribution in the second half of 2026 [4][4].