Camtek (NASDAQ:CAMT) Posts Earnings Results, Meets Expectations

Camtek (NASDAQ:CAMT) posted its earnings results on Wednesday. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99, FiscalAI reports. The company had revenue of $161.29 million during the quarter, compared to analysts’ expectations of $160.36 million. Camtek had a net margin of 7.40% and a return on equity of 21.58%. Camtek’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share.

Here are the key takeaways from Camtek’s conference call:

• Camtek reported record third-quarter revenue of $161.3 million, up 28% year over year, and record operating income of $47.5 million. It forecast fourth-quarter revenue of about $180 million, 2026 revenue of about $595 million, and initial 2027 revenue above $800 million.
• Order momentum remains strong, with more than $800 million in orders received since the start of 2026 as of the company’s October investor event, and customers securing delivery slots into 2027. About 80% of orders were for advanced packaging, largely AI-related, while OSATs contributed slightly more than half.
• Third-quarter gross margin was 51.1%, slightly below expectations, as higher component and material costs and currency movements pressured costs. Camtek said supply constraints are also creating operational challenges, though it expects to meet delivery schedules and anticipates gradual margin improvement starting in 2027.
• Camtek expects service revenue to grow 35%–40% annually and plans to launch AI-based software products in 2027, with double-digit software revenue anticipated that year. It is targeting $1.2 billion in annual revenue within about three years, primarily through organic growth, with operating margins of 34%–36%.

Camtek Trading Down 10.2%

Shares of CAMT stock traded down $11.45 on Wednesday, reaching $100.92. The company had a trading volume of 812,281 shares, compared to its average volume of 501,580. The company has a current ratio of 7.38, a quick ratio of 6.58 and a debt-to-equity ratio of 0.69. The stock has a market cap of $4.71 billion, a PE ratio of 157.90, a PEG ratio of 2.16 and a beta of 1.69. The company has a 50-day moving average of $139.64 and a 200-day moving average of $156.77. Camtek has a 12 month low of $91.91 and a 12 month high of $215.99.

Camtek News Roundup

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Camtek posted record Q3 2026 revenue of $161.3 million, up 28% year over year and slightly above estimates. Earnings were $0.99 per share, compared with $0.82 a year earlier and a Zacks consensus estimate of $0.98. Camtek Q3 results
• Positive Sentiment: Management expects about $180 million in Q4 revenue and issued an initial 2027 outlook for revenue above $800 million, supporting expectations for continued growth. Camtek Q3 results and outlook
• Neutral Sentiment: Analyst price targets have diverged following the 2026 outlook update, suggesting differing views on how much future growth is already reflected in the shares. Camtek price target split
• Negative Sentiment: Morgan Stanley downgraded Camtek to Underweight from Equalweight, with a $126 price target. The firm cited valuation concerns, saying optimism was largely priced in, and flagged risks from 2D inspection competition and pricing pressure. Such concerns help explain why the shares have been under pressure despite strong results. Morgan Stanley downgrade

Insider Buying and Selling at Camtek

In related news, CFO Moshe Eisenberg sold 3,759 shares of Camtek stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $160.06, for a total transaction of $601,665.54. Following the transaction, the chief financial officer owned 16,884 shares of the company’s stock, valued at $2,702,453.04. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lior Aviram sold 3,347 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $162.99, for a total transaction of $545,527.53. Following the transaction, the director owned 15,865 shares of the company’s stock, valued at approximately $2,585,836.35. This represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,843 shares of company stock worth $4,514,249 over the last ninety days. 79.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CAMT shares. Weiss Ratings restated a “hold (c)” rating on shares of Camtek in a research report on Tuesday, August 11th. Needham & Company LLC reduced their target price on shares of Camtek from $190.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Cantor Fitzgerald reiterated a “neutral” rating and set a $175.00 price target on shares of Camtek in a research report on Tuesday, September 22nd. B. Riley Financial dropped their price target on shares of Camtek from $200.00 to $166.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Camtek in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $172.17.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is an Israel-based provider of inspection and metrology equipment for the semiconductor industry. The company develops and manufactures systems that help chipmakers detect defects, measure manufacturing processes, and improve production yields during the fabrication and packaging of semiconductor devices.

Its product portfolio includes automated optical inspection and metrology systems for wafers, substrates, and packaged devices, along with inspection solutions for advanced packaging, memory, image sensors, and other specialty semiconductor applications.