Q3 2025 Camtek Ltd Earnings Call Transcript

Nov 10, 2025 / 02:00 PM GMT

Release Date Price: €97 (-6.73%)

Transcript

Key Points

Positve

Camtek Ltd (CAMT) reported record Q3 revenues of $126 million, reflecting a 12% year-over-year growth.
The company maintained a solid gross margin of 51.5%, contributing to a record operating income of $37.6 million.
Camtek Ltd (CAMT) has a strong cash position of approximately $800 million, providing financial flexibility for growth.
The company received significant orders from Tier 1 OSATs for COA and CO-like applications, indicating strong market demand.
Camtek Ltd (CAMT) continues to enhance its technological capabilities with new products like Eagle G5 and Oak, expected to contribute significantly to future revenues.

Negative

There is a timing lag between investment announcements and actual equipment purchases, potentially affecting short-term revenue.
Operating expenses increased to $27.2 million, primarily due to higher R&D expenses.
The geographic revenue concentration is high, with 93% of revenues coming from Asia, indicating potential regional risk.
The company anticipates a slower start to 2026, with revenue growth expected to be weighted towards the second half of the year.
There is uncertainty regarding the exact impact of hybrid bonding on 2026 revenues, with significant contributions expected only in 2027.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAMT.OQ - Camtek Ltd
Q3 2025 Camtek Ltd Earnings Call
Nov 10, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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We'll start the call in one minute.

Ladies and gentlemen, thank you for standing by. I would like to welcome you to CamTech's Results Zoom webinar. My name is Kenny Green and I'm part of the investor relations team at CamTech.

All participants other than the presenters are currently muted. Following the formal presentation, I'll provide some instructions for participating in the live question-and-answer session.

I would like to remind everyone that this conference call is being recorded and the recording will be available from the link in the earnings press release and on Cmtex's website from tomorrow.

You should have all received by now the company's press release. If not, please view it on the company's website.

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