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CAMT

Camtek Ltd.

CAMT

Camtek Ltd. • NASDAQ
$105.30 ▲ 0.99% (+1.03)
Market Cap $4.81 B
52w High $129.41
52w Low $47.41
Dividend Yield 1.33%
P/E 104.25
Volume 120.16K
Outstanding Shares 45.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $125.993M ▲ $31.197M ▲ $-53.181M ▼ -42.209% ▼ $-1.16 ▼ $-62.561M ▼
Q2-2025 $123.317M ▲ $30.637M ▲ $33.695M ▼ 27.324% ▼ $0.74 ▼ $36.916M ▲
Q1-2025 $118.638M ▲ $27.864M ▲ $34.311M ▲ 28.921% ▲ $0.75 ▲ $32.7M ▼
Q4-2024 $117.293M ▲ $26.832M ▲ $33.009M ▲ 28.142% ▼ $0.73 ▲ $55.563M ▲
Q3-2024 $112.34M $26.21M $32.743M 29.146% $0.71 $36.016M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $639.494M ▲ $1.231B ▲ $653.026M ▲ $578.036M ▼
Q2-2025 $435.993M ▲ $974.741M ▲ $348.257M ▲ $626.484M ▲
Q1-2025 $421.54M ▲ $934.021M ▲ $346.099M ▲ $587.922M ▲
Q4-2024 $388.037M ▼ $892.042M ▲ $342.807M ▲ $549.235M ▲
Q3-2024 $399.481M $841.414M $327.561M $513.853M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $33.695M ▼ $0 $0 $0 $0 $0
Q1-2025 $34.311M ▲ $0 $0 $0 $0 $0
Q4-2024 $33.009M ▲ $0 $0 $0 $0 $0
Q3-2024 $32.743M ▲ $0 $0 $0 $0 $0
Q2-2024 $27.964M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the last five years, with only a brief pause before re-accelerating recently. Profitability looks solid: gross margins are high, and operating and net income have both expanded alongside sales rather than being squeezed. Earnings per share have trended upward, with only a minor soft spot in the middle of the period, suggesting the business has been able to convert growth into bottom-line results. Overall, the income statement shows a company that has moved from being a smaller niche player to a more meaningful, consistently profitable one, with healthy margins for a hardware-oriented business.

Balance Sheet

Balance Sheet The balance sheet shows a gradual build-up of assets and shareholders’ equity, which indicates that value is being retained in the business over time. Cash levels are healthy, though no longer as elevated as at their peak, while debt has been introduced and then held at a stable, moderate level. This points to a company that is using some leverage but not in an aggressive way. The steady rise in equity suggests retained profits are strengthening the financial foundation, providing a cushion to absorb industry cycles, which can be sharp in semiconductors.

Cash Flow

Cash Flow Cash generation generally tracks the growth in profits, with operating cash flow improving over the period and free cash flow remaining positive each year. Investment needs have been manageable, with capital spending rising but still modest relative to the company’s scale, leaving room for ongoing product development and capacity additions without straining the balance sheet. The pattern here is of a business that funds itself largely from its own operations, rather than relying heavily on external financing, which can be a source of resilience during downturns.

Competitive Edge

Competitive Edge Camtek operates in a critical niche of the semiconductor value chain: inspection and metrology for advanced packaging. Its strength lies in high-precision tools, strong software, and deep customization for demanding customers, especially in advanced packaging for AI, high-performance computing, and high-bandwidth memory. Long-standing relationships with leading manufacturers and a sizeable patent portfolio create switching costs and barriers to entry. At the same time, this focus on advanced segments ties Camtek’s fortunes closely to technology cycles and capex decisions of a relatively concentrated customer base, which can add volatility even when the strategic position is strong.

Innovation and R&D

Innovation and R&D The company’s growth story is tightly linked to continuous innovation. Platforms like Eagle and Hawk are designed specifically for next-generation packaging, such as chiplets, hybrid bonding, and dense micro-bump architectures used in AI and high-bandwidth memory. Camtek integrates advanced optics, 3D measurement, CAD-based inspection, and increasing use of artificial intelligence into its systems, which helps customers improve yields and manage complexity. Its roadmap is clearly aligned with industry trends toward more complex, stacked, and heterogeneous chips, but execution risk remains: Camtek must keep pace with rapid technology shifts and ensure that new tools gain broad adoption in a fast-moving, highly competitive landscape.

Summary

Camtek combines solid financial performance with a focused strategic position in a technologically demanding corner of the semiconductor industry. The company has grown revenue and profits meaningfully while maintaining strong margins, building up its equity base, and consistently generating free cash flow. Its competitive edge stems from specialized inspection and metrology tools, high customization, strong customer ties, and a robust innovation engine centered on advanced packaging for AI and high-performance computing. The main opportunities lie in riding the ongoing wave of more complex chip architectures, while key risks center on semiconductor capex cycles, customer concentration, and the need to sustain a rapid pace of innovation in a competitive field.

NEWS

November 10, 2025 · 7:45 AM UTC

CAMTEK ANNOUNCES RECORD RESULTS FOR THE THIRD QUARTER OF 2025

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October 30, 2025 · 7:00 AM UTC

CAMTEK TO REPORT THIRD QUARTER 2025 FINANCIAL RESULTS ON MONDAY, NOVEMBER 10, 2025

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September 12, 2025 · 7:14 AM UTC

Camtek Announces Pricing of Upsized Private Offering of $425 Million of 0.00% Convertible Senior Notes due 2030

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September 11, 2025 · 4:06 PM UTC

Camtek Announces Proposed Private Offering of $400 Million of 0.00% Convertible Senior Notes due 2030

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