Q4 2025 Camtek Ltd Earnings Call Transcript

Feb 18, 2026 / 02:00 PM GMT

Release Date Price: €132 (-2.22%)

Transcript

Key Points

Positve

Camtek Ltd (CAMT) reported record fourth-quarter revenues of $128 million, marking a 9% year-over-year increase.
The company achieved a gross margin of 51% and an operating margin of 29% for the fourth quarter.
For the full year, revenues reached $496 million, reflecting a 16% growth compared to the previous year.
Approximately 50% of the full-year revenue was driven by AI-related products, indicating strong demand in this sector.
Camtek Ltd (CAMT) has a strong pipeline and backlog, with expectations of double-digit growth in 2026, particularly in the second half of the year.

Negative

The revenue guidance for the first quarter of 2026 is projected to be around $120 million, indicating a slower start to the year.
Operating expenses increased to $28.7 million in the fourth quarter, up from $23.1 million in the same quarter last year.
The operating margin for the fourth quarter decreased to 28.6% from 30.9% in the previous year.
There is uncertainty regarding the exact timing of demand increases, which are expected to occur in the second half of the year.
The company faces competitive pressures, particularly in the advanced packaging market, which could impact future growth.

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

CAMT.OQ - Camtek Ltd
Q4 2025 Camtek Ltd Earnings Call
Feb 18, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I would like to welcome all of you to CampTech's Results Zoom webinar. My name is Kenny Green, and I'm part of the investor relations team at CampTech.

All participants other than the presenters are currently muted. Following the formal presentation, I will 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 Camtex'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. With me today on the call, we have Mr. Rafi

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