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The latest update is out from Camtek ( (CAMT) ).
Camtek Ltd. reported record financial results for the fourth quarter and full year of 2024, with a 32% year-over-year increase in fourth quarter revenues to $117.3 million and a 36% increase in full-year revenues to $429.2 million. The company highlights substantial growth in operating income and net income, with significant improvements in profit margins. The results reflect Camtek’s strong position in the growing demand for AI-driven high-performance computing hardware, and the company anticipates continued revenue growth into 2025, supported by a robust backlog and the launch of new products like the Eagle G5 and Hawk systems.
More about Camtek
Camtek Ltd. is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. Its systems inspect integrated circuits and measure their features on wafers throughout the semiconductor production process, serving advanced market segments such as Advanced Interconnect Packaging, Heterogenous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF.
YTD Price Performance: 8.10%
Average Trading Volume: 559,121
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.03B
For an in-depth examination of CAMT stock, go to TipRanks’ Stock Analysis page.
