Camtek Ltd

CAMT

Equity

ISIN IL0010952641 / Valor 1072263

NASDAQ (2025-03-12)

USD 64.24+1.34%

Camtek Ltd
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About company

Camtek Ltd is a global company that designs, develops, and markets automated optical inspection systems for semiconductor manufacturing and other related industries.

Summarized from source with an LLMView SourceSector: Technology

Record Revenues

Camtek Ltd. reported record revenues of $112.3 million for the third quarter of 2024, marking a significant 40% increase compared to the same period in 2023. This growth was primarily driven by the demand in High Performance Computing (HPC) applications.

Operating Income Growth

For the third quarter of 2024, Camtek Ltd. achieved a GAAP operating income of $29.6 million, reflecting a 56% year-over-year increase. On a non-GAAP basis, the operating income was $34.2 million, also up by 56% from the previous year, with operating margins of 26.4% and 30.6%, respectively.

Net Income Increase

Camtek Ltd. reported a GAAP net income of $32.7 million for Q3 2024, which is a 48% increase from the third quarter of 2023. The non-GAAP net income was $37.0 million, representing a 47% rise compared to the same quarter last year.

Strong Cash Flow

During the third quarter of 2024, Camtek Ltd. generated a robust operating cash flow of $35.8 million. This indicates excellent cash conversion and healthy working capital management, supporting the company's financial stability and growth prospects.

Positive Outlook

Looking ahead, Camtek Ltd. has provided a revenue guidance of approximately $115 million for the fourth quarter of 2024, which would represent a 30% year-over-year growth. The company anticipates continued momentum and expects 2024 to be a record year with projected revenues around $427 million, reflecting a 35% increase from 2023.

Summarized from source with an LLMView Source

Key figures

-14.9%1Y

116%3Y

701%5Y

Performance

60.5%1Y

52.4%3Y

54.9%5Y

Volatility