Camtek(US:CAMT)2025-07-08 18:52Company Overview - Camtek is a market leader in metrology and inspection for advanced packaging with an installed base of over 3,000 tools[9, 16] - The company's systems ensure Known-Good-Die by providing inspection & metrology of 100% of the dice on the wafer[17] - As of March 31, 2025, Camtek had $522.6 million in cash[9] Market and Growth - Target markets are experiencing double-digit growth, including HBM & Chiplets (25-35% through 2030), Automotive SiC (22% through 2030), and HPC/AI (>12%)[20] - Approximately 45-50% of Camtek's revenues are derived from these segments[20] - The CoWoS market is projected to have a 51% CAGR from 2025-2029[39] Financial Performance - Camtek's revenue has grown significantly, reaching $429 million in 2024[10] - Operating income also increased to $130 million in 2024[12] - Q1 2025 revenue was $118.6 million, a 22% year-over-year increase, with a gross margin of 52.1% and operating income of $37.3 million, a 29% year-over-year increase[51] Future Outlook - Q2 2025 guidance projects revenue between $120-123 million, representing a 17%-20% increase year-over-year[57] - The company aims to reach a $500 million revenue target, with a gross margin of 51-53% and an operating margin of 30-33%[59]