CAMT

MKT CAP:$9B

Camtek Ltd.

Market Cap

$9B

Technology·Semiconductors·🇮🇱 Israel·NASDAQ

Technology·Semiconductors·🇮🇱·NASDAQ

Stock Price

$195.89+$80.39 (+69.60%)

Apr 23, 2026

Company Details

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for the advanced interconnect packaging, memory, complementary metal oxide semiconductor image sensors, micro-electro mechanic...

CEO

Rafi Amit

IPO Date

Jul 28, 2000

Website

www.camtek.com

Key Metrics TTM

Revenue

$496M

+15.6% YoY

Net Income

$51M

EPS (Diluted)

$0.94

Free Cash Flow

$0

Revenue / Share

$9.93

Gross Margin

50.5%

Operating Margin

25.8%

Net Margin

10.2%

FCF Margin

0.0%

P/S

18.9x

P/E

184.8x

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Dec 30, 2025

$496M+15.6%EPS $1.04

Q4 2025

Feb 18, 2026

$128M+9.2%EPS $0.71

Q3 2025

Nov 10, 2025

$126M+12.2%EPS -$1.16

Q2 2025

Sep 11, 2025

$123M+20.2%EPS $0.69

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$77M	$40M	$20M
Q2 22	$80M	$40M	$21M
Q3 22	$82M	$40M	$21M
Q4 22	$82M	$40M	$20M
Q1 23	$72M	$34M	$14M
Q2 23	$74M	$35M	$15M
Q3 23	$80M	$39M	$19M
Q4 23	$89M	$40M	$17M
Q1 24	$97M	$45M	$21M
Q2 24	$103M	$51M	$26M
Q3 24	$112M	$56M	$30M
Q4 24	$117M	$58M	$31M
Q1 25	$119M	$61M	$33M
Q2 25	$123M	$63M	$32M
Q3 25	$126M	$63M	$32M
Q4 25	$128M	$64M	$32M

Valuation

Quarter	P/S	P/E
Q1 22	32.4x	143.5x
Q2 22	31.1x	136.2x
Q3 22	29.9x	131.9x
Q4 22	29.2x	117.2x
Q1 23	29.6x	118.9x
Q2 23	30.2x	119.9x
Q3 23	30.3x	117.9x
Q4 23	29.7x	119.2x
Q1 24	27.6x	108.7x
Q2 24	25.4x	98.0x
Q3 24	23.4x	88.2x
Q4 24	21.8x	79.1x
Q1 25	20.8x	73.2x
Q2 25	19.9x	70.1x
Q3 25	19.3x	195.9x
Q4 25	18.9x	184.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$17M	$15M
Q4 21	$22M	$20M
Q1 22	$0	$0
Q2 22	$0	$0
Q3 22	$0	$0
Q4 22	$0	$0
Q1 23	$0	$0
Q2 23	$0	$0
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q3 21	$1M
Q4 21	$2M
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+34.5%	+33.8%
Q2 22	+18.0%	+16.5%
Q3 22	+16.0%	+21.4%
Q4 22	+10.8%	+12.5%
Q1 23	-6.1%	+1.4%
Q2 23	-7.3%	+0.2%
Q3 23	-1.9%	+0.1%
Q4 23	+7.9%	+15.8%
Q1 24	+33.9%	+30.1%
Q2 24	+39.1%	+30.4%
Q3 24	+39.6%	+34.7%
Q4 24	+32.3%	+20.3%
Q1 25	+22.3%	+13.4%
Q2 25	+20.2%	+19.1%
Q3 25	+12.2%	+13.9%
Q4 25	+9.2%	+12.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$2M	2.1%
Q4 21	$2M	2.2%
Q1 22	$3M	3.5%
Q2 22	$3M	—
Q3 22	$3M	3.1%
Q4 22	$2M	2.9%
Q1 23	$3M	4.4%
Q2 23	$3M	4.5%
Q3 23	$3M	3.9%
Q4 23	$3M	3.3%
Q1 24	$3M	3.2%
Q2 24	$4M	4.0%
Q3 24	$4M	3.2%
Q4 24	$4M	3.2%
Q1 25	$4M	3.1%
Q2 25	$5M	3.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$8M	$13M
Q2 22	$8M	$12M
Q3 22	$7M	$12M
Q4 22	$7M	$13M
Q1 23	$8M	$12M
Q2 23	$8M	$12M
Q3 23	$8M	$12M
Q4 23	$8M	$15M
Q1 24	$9M	$15M
Q2 24	$9M	$16M
Q3 24	$10M	$16M
Q4 24	$10M	$16M
Q1 25	$10M	$18M
Q2 25	$11M	$19M
Q3 25	$13M	$18M
Q4 25	$13M	$19M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$76M	$307M	$383M
Q2 22	$56M	$335M	$391M
Q3 22	$88M	$304M	$392M
Q4 22	$148M	$252M	$400M
Q1 23	$189M	$227M	$416M
Q2 23	$233M	$199M	$431M
Q3 23	$168M	$222M	$390M
Q4 23	$120M	$234M	$354M
Q1 24	$123M	$254M	$377M
Q2 24	$86M	$280M	$366M
Q3 24	$99M	$300M	$399M
Q4 24	$126M	$262M	$388M
Q1 25	$230M	$192M	$422M
Q2 25	$192M	$244M	$436M
Q3 25	$200M	$440M	$639M
Q4 25	$178M	$490M	$668M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	48M	+4.0%	+8.2%
Q2 22	48M	+0.0%	+7.6%
Q3 22	48M	+0.3%	+8.2%
Q4 22	48M	+0.1%	+4.4%
Q1 23	48M	+0.2%	+0.6%
Q2 23	49M	+0.4%	+1.0%
Q3 23	49M	+0.7%	+1.4%
Q4 23	49M	+0.4%	+1.7%
Q1 24	49M	+0.2%	+1.7%
Q2 24	49M	+0.1%	+1.4%
Q3 24	49M	+0.3%	+1.0%
Q4 24	50M	+0.1%	+0.7%
Q1 25	49M	-0.4%	+0.1%
Q2 25	49M	+0.1%	+0.0%
Q3 25	46M	-7.2%	-7.4%
Q4 25	50M	+9.2%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$742.0K	104
Q2 22	$765.2K	104
Q3 22	$788.4K	104
Q4 22	$690.5K	119
Q1 23	$608.9K	119
Q2 23	$619.8K	119
Q3 23	$676.2K	119
Q4 23	$587.4K	151
Q1 24	$642.5K	151
Q2 24	$679.4K	151
Q3 24	$744.0K	151
Q4 24	$674.1K	174
Q1 25	$681.8K	174
Q2 25	$708.7K	174
Q3 25	$724.1K	174
Q4 25	$736.3K	174

Revenue / Employee