Core Viewpoint - Camtek Ltd. anticipates continued growth in Q3 2025, projecting revenues of approximately $125 million, which translates to an annualized run rate of half a billion dollars [3][4]. Financial Highlights - Revenues for Q2 2025 were reported at $123.3 million, marking a 20% increase from $102.6 million in Q2 2024 [5][8]. - Gross profit on a GAAP basis for Q2 2025 was $62.2 million, representing 50.8% of revenues, up 22% from $51.1 million (49.9% of revenues) in Q2 2024 [5][8]. - Non-GAAP gross profit for the same period was $64.0 million (51.9% of revenues), also a 22% increase compared to $52.4 million (51.0% of revenues) in Q2 2024 [6][8]. - Operating income on a GAAP basis reached $32.0 million (25.9% of revenues), a 24% increase from $25.9 million (25.2% of revenues) in Q2 2024 [6][8]. - Non-GAAP operating income was $37.4 million (30.3% of revenues), up 21% from $30.8 million (30.0% of revenues) in Q2 2024 [7][8]. - Net income on a GAAP basis was $33.7 million, or $0.69 per diluted share, a 21% increase from $28.0 million ($0.57 per diluted share) in Q2 2024 [7][8]. - Non-GAAP net income totaled $38.8 million ($0.79 per diluted share), a 19% increase from $32.6 million ($0.66 per diluted share) in Q2 2024 [9][8]. Management Insights - CEO Rafi Amit highlighted that the company is experiencing record performance in 2025, driven by high-performance computing applications for AI, with a year-over-year revenue growth of 20% and strong gross margins around 52% [4][8]. - The Advanced Packaging segment is evolving rapidly, with expectations of an industry-wide upgrade cycle due to new technological requirements in AI [4][8]. - The company introduced new systems, Eagle G5 and Hawk, which have been well received in the market, aligning with the technological advancements needed for AI [4][8]. - Camtek aims to achieve its long-term revenue goal of half a billion dollars and maintains a healthy order flow into Q4 2025 [4][8]. Cash Position - As of June 30, 2025, the company reported cash and cash equivalents, short-term and long-term deposits, and marketable securities totaling $543.9 million, an increase from $522.6 million as of March 31, 2025 [9].

Core Viewpoint - Camtek Ltd. reported strong financial results for Q1 2025, with revenues of $118.6 million, a 22% increase year-over-year, and expects continued growth in Q2 2025 with revenue guidance of $120-123 million, representing a growth of approximately 17-20% year-over-year [1][3]. Financial Highlights - Q1 2025 revenues were $118.6 million compared to $97.0 million in Q1 2024, marking a 22% year-over-year growth [5]. - GAAP gross profit for Q1 2025 was $60.6 million, or 51.0% of revenues, up 35% from $44.8 million (46.2% of revenues) in Q1 2024 [5][8]. - Non-GAAP gross profit was $61.8 million (52.1% of revenues), a 26% increase from $49.2 million (50.7% of revenues) in Q1 2024 [6][8]. - GAAP operating income reached $32.7 million (27.6% of revenues), a 54% increase from $21.2 million (21.9% of revenues) in Q1 2024 [6][8]. - Non-GAAP operating income was $37.3 million (31.5% of revenues), a 29% increase from $29.0 million (29.9% of revenues) in Q1 2024 [7][8]. - GAAP net income was $34.3 million, or $0.70 per diluted share, up 38% from $24.8 million, or $0.50 per diluted share, in Q1 2024 [7][8]. - Non-GAAP net income totaled $38.7 million, or $0.79 per diluted share, a 24% increase from $31.3 million, or $0.64 per diluted share, in Q1 2024 [9]. Operational Insights - The primary growth driver for Camtek is advanced packaging, particularly in high-performance computing (HPC) to support AI applications [4]. - The company successfully launched two new models, the Eagle G5 and the Hawk, which support the latest packaging technologies and have received positive feedback from customers [4]. - The company has not experienced material impacts from geopolitical issues or tariff uncertainties, with manufacturing operations in Israel and Europe and sales concentrated in Asia [4]. Cash Position - As of March 31, 2025, cash and cash equivalents, short-term and long-term deposits, and marketable securities totaled $522.6 million, an increase from $501.2 million as of December 31, 2024, and $467.0 million as of March 31, 2024 [10]. - The company generated an operating cash flow of $23.6 million during the first quarter [10]. Company Overview - Camtek Ltd. develops and manufactures high-end inspection and metrology equipment for the semiconductor industry, serving various market segments including Advanced Interconnect Packaging and Heterogeneous Integration [13]. - The company operates manufacturing facilities in Israel and Germany, with a global presence through eight offices [14].