Press release
CAMTEK ANNOUNCES RECORD RESULTS FOR THE FIRST QUARTER OF 2025
Q1 revenues of $118.6 million with strong profitability; Expects continued growth in Q2 2025 with revenue guidance of $120-123 million MIGDAL HAEMEK, Israel,
About this update from Camtek Ltd.
[{"type":"text","content":"Q1 revenues of $118.6 million with strong profitability; \nExpects continued growth in Q2 2025 with revenue guidance of $120-123 million\nMIGDAL HAEMEK, Israel, May 13, 2025 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the first quarter ended March 31, 2025.\n\n2025 First Quarter Financial Highlights \nRecord revenues of $118.6 million, a 22% YoY increase;GAAP gross margin of 51.0% and non-GAAP gross margin of 52.1%;GAAP operating income of $32.7 million (up 54% YoY) and non-GAAP operating income of $37.3 million (up 29% YoY), representing operating margins of 27.6% and 31.5%, respectively; andGAAP net income of $34.3 million (up 38% YoY) and non-GAAP net income of $38.7 million (up 24% YoY); GAAP diluted EPS of $0.70 and non-GAAP diluted EPS of $0.79.Forward-Looking Expectations\nManagement expects continued growth in the second quarter of 2025 with a revenue range of $120-123 million, representing approximately a growth of 17-20%, year-over-year. \nManagement Comment\nRafi Amit, Camtek's CEO commented, \"We have kicked off 2025 with record quarterly revenues and significantly improved profitability. Our primary growth driver for the coming years is advanced packaging, with a strong emphasis on high-performance computing (HPC) to support AI applications. This includes emerging technologies such as the projected upcoming transition from HBM3e to HBM4 devices next year, as well as the next generation of CoWoS and CoWoS-like solutions. These innovations are expected to create increased demand for new tools with enhanced technical capabilities.\"\nContinued Mr. Amit, \"We are well-positioned competitively, strengthened by the successful launch of two new models: the Eagle G5 and the Hawk. Both systems support the new and latest packaging technologies and have been very well received by our customers, who value their advanced performance and versatility.\"\nMr. Amit concluded, \"Regarding the geopolitical landscape and tariff uncertainty, we have not experienced any material impact on our business in terms of delays or order cancellations. With our manufacturing operations located in Israel and Europe, and the majority of our sales concentrated in Asia, we expect our exposure to tariffs to be immaterial.\"\nFirst Quarter 2025 Financial Results \nRevenues for the first quarter of ...