Camtek Ltd CAMT

The bottom line

Camtek sells inspection and measurement systems for chip manufacturing, so the stock mainly tracks chipmakers' ordering pace and what management says about forward targets. Last quarter revenue was $133.2 million, up 9.5% sequentially and 8% year over year, with $23.3 million net income, $630 million cash against $488 million debt. Valuation is far above the group — a 235 P/E versus a 43.5 median — implying the market assumes growth accelerates, while measured annual revenue growth is 2.5%. The central tension: the stock fell 7.49% this week while the S&P 500 rose 1.16%, and the $152.81 price sits below the $182.70 average analyst target.

An explanation of the mechanics from the facts on this page, not advice.

What the company does

Camtek Ltd is a mid-cap company in the Technology sector (Semiconductor Equipment & Materials), with a market value of $7.1B, based in the USA.

It employs about 709 people and has been listed since Jul 28, 2000.

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry in the United States, China, Korea, Europe, and the Asia Pacific. The company offers Hawk, a platform engineered for advanced packaging; Eagle G5 for enhanced detection and metrology; Eagle-i/Plus, a system that delivers 2D inspection and metrology capabilities; Eagle-AP/Plus, which addresses the advanced packaging market using software and hardware technologies that deliver 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle for the inspection and metrology of standard panel sizes. It also develops MicroProf AP, a wafer metrology tool for applications at 3D packaging process steps; MicroProf DI, an optical inspection tool that enables inspection of structured and unstructured wafers; MicroProf FE, a 2D/3D wafer metrology tool; MicroProf FS, a wafer metrology tool configurable; MicroProf PT for hybrid metrology applications to common panel sizes; MicroProf MHU metrology tool, a material handling unit for the semiconductor, MEMS, sapphire, and LED industries; MicroProf TL, an optical surface measurement tool f

Cheap or expensive? relatively expensive

Its price-to-earnings (P/E) is 235.1 versus 43.5 for the median of the Technology sector in our universe (65 companies) — relatively expensive.

Revenue is growing 2% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 29.9 — they expect higher earnings.

The average analyst price target is 182.70, 20% above the current price (their view, not ours).

The stock sits at 49% of its one-year range (0% = the low, 100% = the high).

The risks

• • The stock is more volatile than average (beta 1.6) — big daily moves both ways.

Strengths

• ✅ Profitable — 18 of every 100 dollars of revenue stays as profit.
• ✅ More cash than debt.
• ✅ Most analysts rate it buy (7 vs 0).

What the market is talking about this week

A down week for the stock ahead of an investor meeting where an updated financial target model will be presented.

• Camtek will host an investor and analyst breakfast on October 14 at SEMICON West, presenting growth strategy, technology roadmap and an updated financial target model. [1]
• Per a Zacks review, consensus for the coming quarter is EPS of $0.98 and revenue of $159.09 million, up about 26% year over year. [3]
• The same review notes a forward P/E of 45.87 versus 36.36 for the industry, and a PEG ratio of 3.23 versus 2.03. [3]
• On October 5 the stock closed at $162.05, down 1.9% on a day the S&P 500 rose, after a prior gain of 13.36%. [3]
• In a review of Onto Innovation, Camtek is named a competitor; Camtek rose 41.6% over a year versus 125.6% for Onto and 81.5% for KLA. [4]

A summary of the articles below only, each point with its source. Not a forecast, not a recommendation.

What to watch

• The October 14 investor meeting, where management is set to present an updated financial target model — the number the market will compare against. (2026-10-14) [1]
• The November 9 earnings report: whether revenue and EPS line up with the $159.09 million and $0.98 consensus. (2026-11-09) [3]
• The actual sequential growth rate, after 9.5% last quarter — this is what supports or erodes the high earnings multiple.
• Share volatility: a 1.586 beta and 4.37% average daily move, so small news items swing the price sharply.

What changed this week

Over the past week the stock fell 7.5% (for comparison: S&P 500 +1.2%, sector ETF XLK -0.5%).

This week's news

• CAMTEK TO HOST INVESTOR & ANALYST BREAKFAST AT SEMICON WEST ON OCTOBER 14, 2026 finance.yahoo.com · 2026-10-07
  Camtek announced an October 14 investor and analyst breakfast at SEMICON West in San Francisco, where management will present strategy, technology roadmap and an updated financial target model, with a live webcast. source ↗
• Should You Buy, Sell or Hold AMAT Stock at a P/S Valuation of 9.59X? finance.yahoo.com · 2026-10-06
  An article about Applied Materials' high valuation, describing demand for chipmaking equipment from AI, advanced packaging and HBM memory; Camtek is not mentioned in it. source ↗
• Camtek (CAMT) Stock Declines While Market Improves: Some Information for Investors finance.yahoo.com · 2026-10-05
  A daily Zacks note: Camtek fell 1.9% to $162.05, with quarterly estimates of $0.98 EPS and $159.09 million revenue, a 45.87 forward P/E and a Zacks Rank of 3 (Hold). source ↗
• ONTO Stock Up 126% in a Year: Is More Upside on the Horizon? finance.yahoo.com · 2026-10-05
  An article on Onto Innovation, up 125.6% in a year with record revenue and over $1 billion backlog; Camtek is mentioned as a competitor that gained 41.6% in the same period. source ↗

What changed since last week

This is the first summary for this stock; from next week this section shows what changed.