Camtek stock extends growth outlook after record third quarter

Camtek reported record third-quarter results on Wednesday, November 4, 2026, as demand for semiconductor inspection and metrology equipment supported another revenue high. The company said in a PR Newswire release that third-quarter revenue reached 161.3 million US dollars for the period ended September 30, up 28 percent from a year earlier and 21 percent from the second quarter.

The final figures add substance to the preliminary outlook covered in the previous report. GAAP operating income rose to 39.8 million US dollars, while non-GAAP operating income reached 47.5 million US dollars, equal to a 29.5 percent margin. Non-GAAP net income increased 23 percent to 50.3 million US dollars, or 0.99 US dollars per diluted share.

Margins And Cash Flow

GAAP gross margin was 50.0 percent, while the non-GAAP gross margin stood at 51.1 percent, below 51.5 percent a year earlier. The company attributed the pressure to higher costs for components and materials; management expects product mix, pricing, cost reductions, software and services to support gradual improvement from 2027.

Operating cash flow reached 71.1 million US dollars in the quarter. Cash, short-term deposits and marketable securities totaled 877.1 million US dollars at September 30, compared with 815.8 million US dollars at June 30. The reported results remain preliminary and unaudited.

2027 Growth Requires Delivery

Management expects fourth-quarter revenue of approximately 180 million US dollars, representing roughly 40 percent year-over-year growth, and projects full-year 2026 revenue of about 595 million US dollars. The initial 2027 outlook calls for revenue above 800 million US dollars, supported by the order backlog and sales pipeline.

Chief Executive Rafi Amit said advanced packaging, particularly demand linked to artificial intelligence, remains a key growth driver. For investors, the next test is whether the order pipeline converts into shipments while higher input costs and supply-chain risks remain contained.

Camtek stock traded at 85.04 euros on Lang & Schwarz at 17:06 CET on Friday, November 6, 2026; investors can follow the real-time quote of Camtek stock.

The TA-35 market overview provides broader context for Israeli-listed shares.

More news and analyses on Camtek stock will track the next quarterly update and the conversion of the announced backlog into revenue.