Camtek Ltd. reported record revenues of $126.0 million for the third quarter of 2025, marking a 12.0% year-over-year increase. The company posted a GAAP gross margin of 50.0% and a non-GAAP gross margin of 51.5%. GAAP operating income was $31.8 million, up 8.0% from the prior year, while non-GAAP operating income reached $37.6 million, up 10.0%. Camtek raised $500.0 million through a new offering of convertible notes and used a portion of the proceeds to repurchase previous notes, resulting in a one-time GAAP capital loss of $89.0 million. This led to a GAAP net loss of $53.2 million, or $(1.16) per share, but non-GAAP net income rose 10.0% to $40.9 million, or $0.82 per diluted share. The company generated $34.3 million in operating cash flow during the quarter. Cash and cash equivalents, short- and long-term deposits, and marketable securities totaled $794.0 million as of September 30, 2025, compared to $543.9 million as of June 30, 2025. Camtek expects fourth quarter 2025 revenue of approximately $127.0 million and annual 2025 revenues of about $495.0 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Camtek Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN19725) on November 10, 2025, and is solely responsible for the information contained therein.
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