Israeli chip inspection gear maker Camtek Q3 revenue edges past estimates on AI-driven demand

Reuters11-10
Israeli chip inspection gear maker Camtek Q3 revenue edges past estimates on AI-driven demand

Overview

  • Camtek Q3 revenue slightly beats analyst expectations, growing 12% year-over-year

  • Company reports GAAP net loss due to $89 mln capital loss from note repurchase

  • Non-GAAP net income for Q3 rises 10% year-over-year

Outlook

  • Camtek expects Q4 2025 revenue to be around $127 mln

  • Company forecasts 2025 revenue of $495 mln, a 15% growth over 2024

  • Camtek anticipates 2026 growth, with revenue more second-half weighted

Result Drivers

  • AI DEMAND - Increased demand for high-performance computing for AI applications drove revenue growth, according to CEO Rafi Amit

  • DATA CENTER INVESTMENTS - Industry-wide investments in data centers and AI applications are expected to support future growth, per CEO Rafi Amit

  • TECHNOLOGICAL ADVANCEMENTS - Camtek's cutting-edge technological capabilities position it to capitalize on AI investments and pursue growth, according to CEO Rafi Amit

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$126 mln

$125.12 mln (10 Analysts)

Q3 Adjusted Net Income

$40.90 mln

Q3 Net Income

-$53.20 mln

Q3 Adjusted Operating Income

Miss

$37.60 mln

$38.28 mln (9 Analysts)

Q3 Operating Cash Flow

$34.30 mln

Q3 Operating Income

$31.90 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

  • Wall Street's median 12-month price target for Camtek Ltd is $117.50, about 1.4% below its November 7 closing price of $119.12

  • The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nPn1JFgQka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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