CAMTEK (CAMT) Company Report

Camtek reported record Q3 2025 revenues of $126 million, reflecting over 12% growth year over year, with a gross margin of 51.5% and net income of $40.9 million or $0.82 per diluted share.
The company concluded Q3 2025 with a strong cash position of approximately $794 million, which includes an additional $500 million from a convertible notes offering.
For Q4 2025, Camtek expects revenues of around $125 million, leading to an annual 2025 revenue of $495 million, representing 15% growth over 2024.
Camtek anticipates 2026 will be another year of growth, with revenue expected to be weighted towards the second half of the year due to a somewhat slower start, driven by continued investments in high-performance computing (HPC) and AI-driven applications.
New products, Eagle G5 and OAK, are expected to contribute approximately 30% of 2025 revenue and are positioned to capitalize on increasing demand for advanced semiconductor manufacturing equipment, particularly in HBM and CoWoS applications.

Nov 10, 2025, 2:00 PM

CAMTEK LTD. Announces Record Q3 2025 Results and Q4 2025 Guidance

CAMT

Earnings

Guidance Update

Debt Issuance

Camtek Ltd. reported record revenues of $126.0 million for the third quarter of 2025, representing a 12% year-over-year increase.
The company recorded a GAAP net loss of $53.2 million and EPS of $(1.16) for Q3 2025, primarily due to a one-time capital loss of $89 million related to the repurchase of 2021 convertible notes.
On a non-GAAP basis, net income for Q3 2025 was $40.9 million (up 10% year-over-year), with diluted EPS of $0.82.
Management expects Q4 2025 revenue to be around $127 million, leading to an anticipated annual 2025 revenue of $495 million, which would mark a 15% growth over 2024.

Nov 10, 2025, 1:06 PM

CAMTEK LTD closes $500 million convertible senior notes offering

CAMT

Debt Issuance

New Projects/Investments

CAMTEK LTD closed an offering of $500,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2030 on September 16, 2025.
The Notes were issued in a private offering to qualified institutional buyers, will not bear regular interest, and will mature on September 15, 2030.
The initial conversion rate is 9.1455 ordinary shares per $1,000 principal amount, equivalent to a conversion price of approximately $109.34 per ordinary share.
The company received approximately $486.5 million in net proceeds, using $267.0 million to repurchase $167.1 million of existing convertible notes and allocating the remainder for general corporate purposes.

Sep 16, 2025, 8:15 PM

Camtek Prices Upsized Private Offering of Convertible Senior Notes

CAMT

Debt Issuance

New Projects/Investments

Convertible Preferred Issuance

Camtek Ltd. announced the pricing of an upsized private offering of $425 million of 0.00% convertible senior notes due 2030.
The offering was upsized from a previously announced $400 million, and initial purchasers have an option to buy up to an additional $75 million aggregate principal amount of the Notes.
The Notes will mature on September 15, 2030, and have an initial conversion price of approximately $109.34 per share, which represents a conversion premium of approximately 30.0%.
Camtek intends to use the net proceeds to repurchase approximately $167.1 million aggregate principal amount of its 2026 convertible notes for about $267.0 million in cash, with the remainder for general corporate purposes.

Sep 12, 2025, 11:00 AM

Camtek Announces Proposed Offering of Convertible Senior Notes

CAMT

Debt Issuance

New Projects/Investments

Camtek Ltd. announced a proposed private offering of $400 million aggregate principal amount of 0.00% convertible senior notes due 2030.
The company expects to grant the initial purchasers an option to buy up to an additional $60 million aggregate principal amount of the notes.
The notes will mature on September 15, 2030, and will not bear regular interest.
Camtek intends to use the net proceeds from the offering to repurchase a portion of its 0% senior convertible notes due 2026 and for general corporate purposes, including potential acquisitions, working capital, capital expenditures, investments, and research and development.