Camtek Ltd.
- Open
- 135.11
- Day high
- 136.28
- Day low
- 132.12
- Prev close
- 135.57
- Volume
- 333K
- Mkt cap
- $6.3B
- P/E (TTM)
- 167.5
- EPS (TTM)
- $0.80
- P/B
- 8.8
- P/S
- 12.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$5.1M over the last 3 months (0 open-market buys, 13 sales)
- 🏛Institutions accumulating (13F)
Camtek Ltd. (CAMT) is a Technology company listed on NASDAQ. The stock is up 70% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 13 sales (SEC Form 4). Drillr has 1 published research article covering CAMT.
Camtek Ltd. (CAMT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CAMT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 10, 2026 | $0.76 | $0.78 | +2.5% | $133M | +2.2% |
| May 12, 2026 | $0.69 | $0.70 | +1.4% | $122M | +1.3% |
| Feb 18, 2026 | $0.83 | $0.81 | -2.4% | $128M | +10.4% |
| Feb 12, 2025 | $0.74 | $0.77 | +4.1% | $117M | +1.9% |
| Aug 1, 2024 | $0.64 | $0.66 | +3.1% | $103M | -5.6% |
| May 9, 2024 | $0.57 | $0.63 | +10.5% | $97M | +3.6% |
| Feb 20, 2024 | $0.53 | $0.57 | +7.5% | $89M | +0.7% |
| Nov 14, 2023 | $0.50 | $0.51 | +2.0% | $80M | +2.9% |
| Feb 16, 2023 | $0.48 | $0.50 | +4.2% | $82M | +0.3% |
| Nov 17, 2022 | $0.47 | $0.48 | +2.1% | $82M | -0.3% |
| Jul 27, 2022 | $0.45 | $0.46 | +2.2% | $80M | +0.1% |
| May 12, 2022 | $0.43 | $0.44 | +2.3% | $77M | +0.9% |
CAMT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Geva-Dvash Oritofficer: Vice President, HR | Sell | 508 | $175.00 |
| Aug 17, 2026 | AMIT RAFIofficer: Chief Executive Officer | Sell | 6,250 | $170.52 |
| Aug 17, 2026 | Langer Ramofficer: Chief Operating Officer | Sell | 6,387 | $172.32 |
| Aug 17, 2026 | Andorn Karni Yarldirector | Option | 880 | $63.51 |
| Aug 17, 2026 | Andorn Karni Yarldirector | Sell | 3,176 | $164.40 |
| Aug 17, 2026 | Andorn Karni Yarldirector | Option | 3,176 | $22.63 |
| Aug 17, 2026 | Andorn Karni Yarldirector | Sell | 1,476 | $172.12 |
| Aug 17, 2026 | Andorn Karni Yarldirector | Sell | 880 | $172.74 |
| Aug 13, 2026 | Aviram Liordirector | Sell | 1,666 | $172.73 |
| Aug 13, 2026 | Geva-Dvash Oritofficer: Vice President, HR | Sell | 415 | $174.06 |
| Aug 13, 2026 | Aviram Liordirector | Sell | 1,658 | $164.00 |
| Aug 13, 2026 | Aviram Liordirector | Sell | 1,689 | $162.00 |
| Aug 13, 2026 | Aviram Liordirector | Sell | 1,681 | $175.00 |
| Aug 13, 2026 | Eisenberg Mosheofficer: Chief Financial Officer | Sell | 3,759 | $160.06 |
| Aug 13, 2026 | Eisenberg Mosheofficer: Chief Financial Officer | Sell | 645 | $172.67 |
Source: CAMT SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full CAMT insider & 13F page →Camtek Ltd. company profile
Overview
Camtek Ltd. (NASDAQ:CAMT) is an Israeli semiconductor equipment manufacturer founded in 1987 and headquartered in Migdal HaEmek, Israel. The company went public in 2000 and has established itself as a specialized provider of inspection and metrology equipment for the semiconductor industry. Over its nearly four-decade history, Camtek has evolved from a general semiconductor equipment provider to a focused leader in advanced packaging inspection solutions, particularly benefiting from the recent surge in artificial intelligence and high-performance computing applications that require sophisticated chip packaging technologies.
Business
Camtek operates in the semiconductor equipment industry, specifically focusing on inspection and metrology systems used in semiconductor manufacturing. The semiconductor industry relies heavily on quality control during chip production, as even microscopic defects can render expensive chips unusable. Inspection equipment examines semiconductor wafers and packages for defects, while metrology equipment measures critical dimensions and features to ensure they meet specifications. The company's core products include several inspection and metrology platforms. The Eagle series represents their flagship product line, with the latest Eagle G5 offering advanced 2D inspection and metrology capabilities for detecting defects as small as 100 nanometers. The Eagle-AP specifically targets advanced packaging applications, providing both 2D and 3D inspection capabilities on a single platform. The Golden Eagle system focuses on panel-level inspection for fan-out wafer level packaging applications. Most recently, Camtek introduced the Hawk system, designed for high-end applications requiring the most advanced detection capabilities. Camtek's business can be divided into several key segments based on application areas: 1. High-Performance Computing (HPC) applications account for approximately 50% of revenue, serving manufacturers of AI chips, server processors, and related components that require advanced packaging techniques like chiplets and High Bandwidth Memory (HBM). 2. Advanced Packaging applications beyond HPC represent about 20% of revenue, including various sophisticated chip packaging technologies used across the semiconductor industry. 3. Traditional semiconductor applications comprise the remaining 30%, including CMOS image sensors (used in cameras), compound semiconductors (used in power electronics and RF applications), front-end wafer inspection, and general semiconductor manufacturing quality control. The company's geographic revenue distribution is heavily weighted toward Asia at 92%, with the remaining 8% split between the United States and Europe, reflecting the concentration of semiconductor manufacturing in Asian countries.
Revenue model
Camtek generates revenue primarily through direct equipment sales to semiconductor manufacturers, foundries, and outsourced semiconductor assembly and test (OSAT) companies. The company sells high-value capital equipment, with individual systems typically costing hundreds of thousands to over a million dollars depending on configuration and capabilities. The business model is characterized by several key revenue drivers. New equipment sales represent the primary revenue stream, driven by capacity expansions at existing customers and technology upgrades as semiconductor manufacturing processes become more demanding. Service and support revenue provides a recurring component, including maintenance contracts, spare parts, and system upgrades. The company also generates revenue from technology licensing and collaborative development projects with major semiconductor manufacturers. Camtek's customers include major semiconductor manufacturers, memory companies producing HBM modules, advanced packaging specialists, and OSAT providers. Key customer relationships span global technology leaders in Asia, with some presence in the United States and Europe. The company has built particularly strong positions with manufacturers of AI chips and high-performance computing components, where inspection requirements are most stringent. Several factors influence Camtek's profit margins. Positive margin drivers include the increasing complexity of semiconductor packaging, which requires more sophisticated and higher-priced inspection equipment; the company's technological leadership in advanced packaging inspection; strong customer relationships that reduce price competition; and the relatively specialized nature of their market niche. Negative margin pressures come from intense competition in the semiconductor equipment industry; customers' constant pressure for cost reductions; the cyclical nature of semiconductor capital spending; potential supply chain cost increases; and the significant R&D investments required to stay technologically competitive. Currency fluctuations also impact margins given the company's global operations and primarily Asian customer base.
Competitive moat
Camtek possesses a moderate but meaningful competitive moat built primarily on technological expertise and customer relationships rather than structural barriers. The company's strongest defensive position lies in its specialized technical knowledge in advanced packaging inspection, particularly for high-performance computing applications. This expertise has been developed over decades and is difficult to replicate quickly, especially given the increasing complexity of semiconductor packaging technologies. The company benefits from strong customer switching costs once their equipment is integrated into production lines. Semiconductor manufacturers invest significant time and resources in qualifying inspection equipment, creating operational inertia that favors incumbent suppliers. Additionally, Camtek's close collaborative relationships with leading semiconductor companies provide early insight into future technology requirements, enabling them to develop next-generation products ahead of competitors. However, Camtek's moat faces several challenges. The semiconductor equipment industry is intensely competitive, with well-funded competitors including larger companies like KLA Corporation and Applied Materials that have broader product portfolios and greater R&D resources. Technological disruption represents a constant threat, as new inspection methodologies or manufacturing processes could potentially obsolete existing approaches. The company's heavy dependence on the Asian market, particularly China, creates geopolitical risks that could disrupt business relationships. The cyclical nature of semiconductor capital spending also limits the sustainability of Camtek's competitive advantages, as customer relationships and technological leadership must be constantly reinforced through continued innovation and investment. While the company has carved out a strong niche in advanced packaging inspection, this specialization also creates vulnerability if market preferences shift toward different packaging technologies or if larger competitors decide to focus more intensively on this market segment.
Risks & safety
Camtek demonstrates a strong financial position with solid margin of safety characteristics, though valuation metrics suggest limited downside protection at current prices. • Liquidity and Solvency: Excellent financial health with $126 million in cash and short-term investments, current ratio of 5.0, and quick ratio of 4.1. Minimal solvency risk with manageable debt levels and strong cash generation. • Cash Flow: Strong operational cash flow of $122 million in 2024 and free cash flow of $112 million, indicating healthy cash generation capabilities. • Debt Position: Moderate debt-to-equity ratio of 0.38, representing manageable leverage levels that don't pose significant financial risk. • Valuation Metrics: Current P/E ratio of 27.8 and EV/EBITDA of 31.1 suggest premium valuation with limited margin of safety. Price-to-book ratio of 6.7 indicates shares trading well above tangible book value. • Other Considerations: Revenue concentration in Asia (92%) and cyclical semiconductor industry create operational risks. However, strong market position in growing HPC segment and diversified customer base provide some stability.
Recent development
Over the past few years, Camtek has undergone a significant strategic transformation, pivoting from a diversified semiconductor equipment provider to a specialist focused on advanced packaging inspection, particularly for high-performance computing applications. This shift has been driven by the explosive growth in artificial intelligence and machine learning applications that require sophisticated chip packaging technologies. The company's most significant development has been its emergence as a leader in HPC inspection solutions. High-performance computing applications, including AI chips and server processors, now represent approximately 50% of Camtek's revenue, up from single-digit percentages just a few years ago. This transformation has been enabled by the company's technological capabilities in inspecting advanced packaging techniques like chiplets and High Bandwidth Memory (HBM) modules. Product innovation has accelerated significantly, with Camtek introducing two major new platforms recently. The Eagle G5 system represents the fifth generation of their flagship inspection platform, offering improved speed and accuracy for advanced packaging applications. The newly launched Hawk system targets the highest-end inspection requirements, capable of detecting 100-nanometer defects and measuring micro-bumps with unprecedented precision. The company has also expanded its geographic manufacturing footprint, adding production capacity in Europe to reduce geopolitical risks and serve European customers more effectively. This expansion supports Camtek's strategy to diversify beyond its traditional Asian market concentration. Market diversification efforts have included renewed focus on compound semiconductors, CMOS image sensors, and emerging applications like silicon carbide power devices. The company has also positioned itself for future growth opportunities in hybrid bonding technologies, which are expected to enter volume production in 2027-2028.
CAMT company profile · for informational purposes only — not investment advice.
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