Camtek stock posts record Q3 revenue, sets $800 million 2027 view

Camtek reported record third-quarter results on November 4, 2026, and raised the focus on execution behind its longer-term expansion plans. According to Camtek's release on PR Newswire, revenue reached 161.3 million US dollars in the quarter ended September 30, up 28 percent from a year earlier and 21 percent from the second quarter.

Margins Hold Despite Rapid Expansion

GAAP gross margin was 50.0 percent, while non-GAAP gross margin reached 51.1 percent. GAAP operating income rose to 39.8 million US dollars, producing a 24.7 percent operating margin. On a non-GAAP basis, operating income was 47.5 million US dollars and the operating margin was 29.5 percent.

GAAP net income was 42.8 million US dollars, or 0.84 US dollars per diluted share, compared with a net loss of 53.2 million US dollars, or 1.16 US dollars per share, in the year-earlier quarter. Non-GAAP net income increased to 50.3 million US dollars, or 0.99 US dollars per diluted share, from 40.9 million US dollars.

Camtek also generated 71.1 million US dollars in operating cash flow during 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 the end of June.

Management Sees Stronger 2027 Visibility

Chief Executive Officer Rafi Amit attributed the momentum to high-end advanced packaging and the expanding demand for artificial intelligence applications. He said the company now has visibility a year ahead for the first time, while management continues to monitor demand across semiconductor industry segments.

Camtek expects fourth-quarter revenue of approximately 180 million US dollars, which would represent about 40 percent year-over-year growth and bring full-year 2026 revenue to approximately 595 million US dollars. The initial 2027 outlook calls for revenue above 800 million US dollars, supported by the order backlog and sales pipeline.

The outlook puts delivery execution and margin development at the center of the investment case. The quarter showed strong non-GAAP profitability, but the company continues to invest in research, development and capacity as demand for inspection and metrology equipment expands. The guidance is management's expectation and remains subject to semiconductor spending, customer timing and supply-chain conditions.

The real-time quote of Camtek stock was 87.74 euros on Lang & Schwarz at 10:46 CET on Monday, November 9, 2026.

Semiconductor shares remain sensitive to investment plans for artificial intelligence infrastructure, making demand visibility and margin delivery important themes for the Nasdaq Composite.

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