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

Camtek

10/11/2025 12:54

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.)