Seeking Alpha·3d ago
Camtek Ltd. (CAMT) Q3 2026 Earnings Call TranscriptCamtek Ltd. (CAMT) Q3 2026 Earnings Call Transcript
Camtek's revenue growth has decelerated sharply from 39.6% in 2024Q3 to 2.5% in 2026Q1, signaling a normalization from the AI-driven HBM surge. While gross margins have held near 50%, operating leverage is fading as R&D and SG&A costs rise, compressing operating margin from 27.6% in 2025Q1 to 22.4% in 2026Q1.
Price trend, volume and key moving averages
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Revenue growth decelerated from 39.6% in 2024Q3 to 2.5% in 2026Q1, while gross margin stabilized near 50% and operating margin contracted from 27.6% in 2025Q1 to 22.4% in 2026Q1.
Camtek's May 2026 guidance projects Q2 revenue of US$129-US$131 million and anticipates second-half 2026 revenue to be over 25% higher than the first half.
Camtek reported receiving over US$105 million in combined multi-system orders from a tier-1 OSAT and a leading HBM manufacturer for AI-related semiconductor applications.
The introduction of Eagle and Hawk systems has been well-received, with expectations to double revenue in 2026.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.99+0.1% vs $0.99 | $161M+0.6% vs $160M |
Q3 2026 Aug 10, 2026 | $0.78+2.5% vs $0.76 | $133M+2.2% vs $130M |
Q2 2026 May 12, 2026 | $0.70+2.3% vs $0.68 | $122M+1.3% vs $120M |
Q1 2026 Feb 18, 2026 | $0.81-2.4% vs $0.83 | $128M+0.7% vs $127M |
Camtek Ltd. (CAMT) Q3 2026 Earnings Call Transcript
Camtek NASDAQ: CAMT reported record third-quarter results as demand for advanced packaging equipment, particularly AI-related applications, drove revenue and profitability above the company's guidance.
Camtek (CAMT) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.82 per share a year ago.
The Polen International Small Cap Equity Composite Portfolio outperformed the MSCI ACWI ex-US Small Cap Index in the third quarter, returning 2.70% gross and 2.48% net of fees. Top individual contributors to absolute return for the quarter included Happinet, Hokuhoku Financial Group and Nippon Avionics. The largest absolute detractors were Mitsui Kinzoku, Pfisterer Holding and Nextage.
Benchmark CAMT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Camtek Ltd. (CAMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $97.05 | $4.53B | 93.32 | 15.57% | 10.22% | 8.7% | — | |
| $173.28 | $8.62B | 62.33 | 1.82% | 11.84% | 6.5% | — | |
| $64.01 | $3.35B | 9999.00 | -7.38% | 12.18% | 13.55% | 1.59% | |
| $38.49 | $1.82B | -24.21 | 12.74% | -3.97% | -2.9% | — | |
| $44.61 | $2.86B | 32.56 | 15.24% | 14.48% | 7.24% | 0.25% | |
| $30.97 | $1.08B | -20.11 | 11.61% | 0.32% | 0.46% | — |
Camtek Ltd. (CAMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Camtek Ltd. (CAMT) stock FAQ — growth, dividends, profitability & financials explained
Camtek Ltd. (CAMT) reported $509.0M in revenue over the trailing twelve months. Revenue was $496.1M in fiscal year 2025. That is 1976% more than the $23.9M of fiscal year 1999.
Camtek Ltd. (CAMT) grew revenue by 15.6% in fiscal year 2025, compared with the prior fiscal year.
Yes. Camtek Ltd. (CAMT) earned $37.7M in net income over the trailing twelve months (a 7.4% net margin).
Camtek Ltd. (CAMT) had a return on equity (ROE) of 8.7% in fiscal year 2025. That is below the market's typical 10-15%.
