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Israel's Camtek Q3 revenue slightly misses estimates

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$161.30 mln

$162.15 mln (10 Analysts)

Q3 Adjusted Net Income

$50.30 mln

Q3 Net Income

$42.80 mln

Q3 Adjusted Operating Income

Slight Miss*

$47.50 mln

$47.72 mln (9 Analysts)

Q3 Operating Cash Flow

$71.10 mln

Q3 Operating Income

$39.80 mln

*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.)

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