Camtek (NASDAQ:CAMT) Releases Earnings Results, Beats Expectations By $0.02 EPS

Camtek (NASDAQ:CAMT) released its earnings results on Monday. The semiconductor company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02, FiscalAI reports. Camtek had a net margin of 7.40% and a return on equity of 22.31%. The company had revenue of $133.24 million for the quarter, compared to analysts’ expectations of $130.44 million. During the same quarter in the previous year, the company earned $0.79 EPS. Camtek’s revenue for the quarter was up 8.0% on a year-over-year basis.

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

• Record Q2 revenue reached $133.2 million, up 10% sequentially, with a 51.4% gross margin, 27% operating margin, and $0.78 non-GAAP diluted EPS.
• Camtek reported more than $600 million in year-to-date orders, approximately 80% tied to advanced packaging and more than 50% from OSATs, improving visibility through 2026 and into 2027.
• Management expects Q3 revenue of $158 million-$160 million, a 20% sequential increase, and more than 30% growth in second-half 2026 revenue versus the first half; advanced packaging revenue is expected to grow about 45% in the second half.
• Demand is being driven by HBM4, 2.5D/3D packaging, and AI-related applications, while photonics is emerging as an additional growth market; newer Hawk and Eagle G5 systems represented about 50% of Q2 systems revenue.
• Accounts receivable rose to $153.9 million and DSO increased to 105 days, while management expects inventory to grow in coming quarters to support the rapid revenue ramp; operating expenses are also expected to increase, primarily from continued R&D investment.

Camtek Stock Performance

Shares of Camtek stock opened at $164.41 on Wednesday. The company has a quick ratio of 7.46, a current ratio of 8.35 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $158.44 and its two-hundred day moving average is $163.29. Camtek has a 52 week low of $75.75 and a 52 week high of $215.99. The company has a market capitalization of $7.67 billion, a PE ratio of 256.89, a price-to-earnings-growth ratio of 3.80 and a beta of 1.58.

Institutional Trading of Camtek

A number of large investors have recently made changes to their positions in CAMT. Geode Capital Management LLC raised its position in Camtek by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 39,576 shares of the semiconductor company’s stock worth $4,209,000 after buying an additional 162 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Camtek by 202.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Cetera Investment Advisers raised its holdings in Camtek by 4.7% during the second quarter. Cetera Investment Advisers now owns 4,841 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 217 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 293 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Camtek during the 3rd quarter worth approximately $32,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Morgan Stanley dropped their price target on Camtek from $167.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of Camtek in a research report on Monday, April 20th. Needham & Company LLC raised their target price on shares of Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Oppenheimer increased their target price on Camtek from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.25.

Key Stories Impacting Camtek

Here are the key news stories impacting Camtek this week:

• Positive Sentiment: Q2 results exceeded expectations: Camtek reported earnings of $0.78 per share, topping the $0.76 consensus estimate, while revenue increased 8% year over year to a record $133.2 million, ahead of the $130.2 million forecast. Camtek Announces Results for the Second Quarter of 2026
• Positive Sentiment: Strong forward guidance: Camtek projected third-quarter revenue of $158 million to $160 million, substantially above the $148.9 million analyst consensus. Management also expects more than 30% growth in the second half of 2026 compared with the first half, with additional growth anticipated in 2027. Camtek Stock Advances on Record Q2 Revenue and Upbeat Guidance
• Positive Sentiment: Positive semiconductor-sector momentum: Camtek’s earnings helped lift investor sentiment toward semiconductor equipment companies, while a reported $500 billion NVIDIA partnership provided an additional industry tailwind. Onto Innovation shares also rose following the developments. Onto Innovation Jumps Following Camtek Earnings and NVIDIA Partnership
• Neutral Sentiment: Short-interest data appears unreliable: The report lists short interest at zero shares both currently and in the prior period, along with a mathematically invalid percentage change. As a result, it provides no meaningful evidence of short covering or bearish positioning in CAMT.
• Negative Sentiment: Valuation remains a risk: Despite the earnings beat, quarterly EPS was slightly below the $0.79 reported a year earlier. With CAMT trading at a very high earnings multiple, investors may remain sensitive to any slowdown in the company’s projected growth or semiconductor demand.

About Camtek

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high‐resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.