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Camtek Ltd (CAMT)
NASDAQ:CAMT
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.74Last Year’s EPS
$0.57Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 5.91%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
Camtek had a strong quarter with record revenue and significant growth in the HPC sector. The introduction of new products and improved financial metrics indicate positive future prospects. However, there were challenges in China and increased operating expenses. Despite these issues, the overall outlook remains positive with projected growth into 2025.Company Guidance
In Camtek's Q3 2024 earnings call, the company reported a record quarterly revenue of $112.3 million, marking a 40% year-over-year growth. The revenue distribution was primarily driven by high-performance computing (HPC) products, accounting for around 50% of sales, with the remainder split between advanced packaging and other segments. The company achieved a gross margin of 50.8% and an operating margin slightly over 30%. Looking ahead, Camtek provided guidance for Q4 2024 revenue of approximately $115 million, representing a 30% growth year-over-year, and anticipates sequential growth into Q1 2025. The company expects 2024 to end with $427 million in revenue, indicating a 35% year-over-year growth. Camtek also highlighted increased demand for their systems across various applications and shared plans for new product launches, including the Eagle G5 system, which has already secured over $20 million in orders. The financial outlook remains optimistic, with expectations for continued growth in 2025, bolstered by strong order flow and a strategic expansion of manufacturing capacity in Europe.Record Quarterly Revenue
Camtek achieved a record quarterly revenue of $112 million, representing a 40% growth compared with Q3 2023.
Strong Growth in High-Performance Computing (HPC) Sector
HPC-related products accounted for 50% of sales, and the demand in this sector is expected to continue into 2025.
Introduction of New Eagle G5 System
The Eagle G5 system was introduced, receiving over $20 million in orders. Its delivery will start in Q4 2024, and it will contribute tens of millions of dollars in 2025.
Positive Financial Performance
Gross margin was 50.8%, and operating margin slightly over 30%. Cash and cash equivalents increased to $489 million.
Strong Revenue Guidance for Q4 2024
Revenue guidance for Q4 is around $115 million, representing about 30% growth year-over-year.
Improvement in Days Sales Outstanding
Days sales outstanding improved to 57 days, down from over 100 days last year.
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CAMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $78.70 | $84.76 | +7.70% |
| Aug 01, 2024 | $105.00 | $92.02 | -12.36% |
| May 09, 2024 | $84.37 | $91.62 | +8.59% |
| Feb 20, 2024 | $86.35 | $80.74 | -6.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Camtek Ltd (CAMT) report earnings?
Camtek Ltd (CAMT) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Camtek Ltd (CAMT) earnings time?
Camtek Ltd (CAMT) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAMT EPS forecast?
CAMT EPS forecast for the fiscal quarter 2024 (Q4) is $0.74.
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