Israel's Camtek Q3 revenue slightly misses estimates

Overview

• Israel semiconductor equipment maker's preliminary Q3 revenue up 28% yr/yr, slight miss vs expectations

• Q3 adjusted operating income slightly missed analyst expectations

• Company generated strong Q3 operating cash flow

Outlook

• Company expects Q4 2026 revenue of ~$180 mln

• Company sees full-year 2026 revenue at ~$595 mln

• Company sees 2027 revenue exceeding $800 mln

Result Drivers

• AI-DRIVEN DEMAND - Co said growth in high-end advanced packaging, supported by expanding AI demand, drove Q3 results

• BROAD BUSINESS MOMENTUM - Co said momentum continued across all key indicators in Q3

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for Camtek Ltd. is $170.00, about 51.3% above its November 3 closing price of $112.37

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 32 three months ago

Reuters Recommended Reads

• Nov 2 - Israel's Tower Semi Q3 revenue growth of 33% tops estimates, sees faster Q4 growth

• Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales

• Nov 3 - Astera Labs Q3 revenue jumps 154% on Scorpio switch ramp, design wins

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)