NASDAQ$CAMT
Camtek Ltd · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Camtek posts record Q1 revenue of $118.6M (+22% YoY) with GAAP EPS of $0.70
Camtek Ltd. reported record first-quarter 2025 results for the period ended March 31, 2025, with revenue of $118.6 million, up 22% from $97.0 million a year earlier. GAAP gross margin expanded to 51.0% and non-GAAP gross margin to 52.1%. GAAP operating income rose 54% to $32.7 million (27.6% margin) while non-GAAP operating income grew 29% to $37.3 million (31.5% margin). GAAP net income increased 38% to $34.3 million, or $0.70 per diluted share, and non-GAAP net income rose 24% to $38.7 million, or $0.79 per diluted share. Operating cash flow was $23.6 million and cash plus investments totaled $522.6 million at quarter end. Management guided Q2 2025 revenue to $120–123 million, representing roughly 17–20% year-over-year growth.
- Revenue of $118.6 million beat prior-year $97.0 million by 22%, driven by advanced packaging and AI-related inspection demand.
- GAAP diluted EPS of $0.70 and non-GAAP diluted EPS of $0.79 both rose sharply versus $0.50 and $0.64 in Q1 2024.
- Operating margins expanded to 27.6% GAAP and 31.5% non-GAAP on higher gross profit and scale.
- New Eagle G5 and Hawk systems are gaining traction with customers in HPC and advanced packaging.
- Q2 2025 revenue guidance of $120–123 million implies continued double-digit growth.
Headline financials
Revenue & EPS history
Camtek · Revenue · Quarterly
$119M
Revenue by segment
Camtek · $122M total across 1 segment · Q1 2026
- Semiconductor inspection and metrology systems$122M—100.0%
Forward guidance
Management expects Q2 2025 revenue of $120–123 million, roughly 17–20% above Q2 2024.
Tailwinds
- Continued demand for advanced packaging and HPC inspection tools
- Strong customer reception for Eagle G5 and Hawk platforms
Headwinds
- Geopolitical and tariff uncertainty, though Camtek reports no material impact to date
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-1.4%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+0.5%
Avg return
30 days after
40%
23 / 57 earnings
Positive
+13.2%
Q1 2017
Best reaction
-19.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -15.9% | -19.0% | -11.4% | |
| Q4 2025 | +0.5% | -2.5% | +5.7% | |
| Q3 2025 | -6.7% | -19.2% | +1.7% | |
| Q2 2025 | -8.7% | -14.1% | -19.2% | |
| Q1 2025 | -0.9% | -4.7% | +6.1% | |
| Q4 2024 | -0.4% | -0.7% | -24.6% | |
| Q3 2024 | +1.5% | -5.9% | -6.3% | |
| Q2 2024 | -19.9% | -18.1% | -13.3% | |
| Q1 2024 | +7.2% | +11.5% | +29.7% | |
| Q3 2023 | -4.7% | -5.7% | -4.6% | |
| Q2 2023 | -0.5% | -0.7% | +24.7% | |
| Q1 2023 | -4.3% | +0.5% | +13.6% | |
| Q4 2022 | +1.9% | -1.6% | +1.0% | |
| Q3 2022 | -5.1% | -4.7% | -8.8% | |
| Q2 2022 | +1.4% | +3.2% | -1.3% | |
| Q1 2022 | +3.5% | +4.6% | -0.6% | |
| Q4 2021 | -8.8% | -3.2% | -22.6% | |
| Q3 2021 | -7.0% | -1.3% | +7.4% | |
| Q2 2021 | -0.7% | +2.9% | +12.2% | |
| Q1 2021 | +1.7% | -1.3% | +6.9% | |
| Q4 2020 | -4.3% | +1.7% | +0.8% | |
| Q3 2020 | -0.4% | -1.6% | +2.9% | |
| Q2 2020 | -2.9% | -1.5% | -2.9% | |
| Q1 2020 | +3.2% | +4.8% | +14.4% | |
| Q4 2019 | -0.9% | -10.9% | -41.9% | |
| Q3 2019 | -8.1% | -6.2% | -3.4% | |
| Q2 2019 | -1.8% | -4.4% | +2.9% | |
| Q1 2019 | -5.3% | -5.8% | -19.7% | |
| Q4 2018 | +11.2% | +12.4% | +12.0% | |
| Q3 2018 | +5.1% | +3.2% | +7.4% | |
| Q2 2018 | -1.4% | -9.9% | -6.9% | |
| Q1 2018 | +4.2% | +7.4% | +18.3% | |
| Q4 2017 | -6.2% | -8.2% | -5.4% | |
| Q3 2017 | +7.8% | +5.1% | -1.1% | |
| Q2 2017 | -4.1% | -4.5% | -12.8% | |
| Q1 2017 | +13.2% | +16.6% | +43.9% | |
| Q4 2016 | +5.8% | +3.6% | +5.0% | |
| Q3 2016 | +2.8% | +2.5% | +7.4% | |
| Q2 2016 | +4.1% | +11.0% | +4.1% | |
| Q1 2016 | -18.4% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -1.7% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q1 2013 | -6.8% | — | — | |
| Q4 2012 | -3.6% | — | — | |
| Q2 2012 | -2.8% | — | — | |
| Q1 2012 | +3.7% | — | — | |
| Q4 2011 | -7.2% | — | — | |
| Q4 2010 | -7.2% | — | — | |
| Q4 2009 | -7.2% | — | — | |
| Q3 2011 | +9.3% | — | — | |
| Q2 2011 | +0.9% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2010 | +0.0% | — | — |
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