Camtek Upgrades Financial Forecasts on Strong AI Demand and Record Orders

Chip inspection systems manufacturer Camtek has raised its financial outlook, sending its shares higher on Nasdaq and the Tel Aviv Stock Exchange. The company, led by CEO Rafi Amit, released preliminary third-quarter data ahead of its full earnings report in early November, while also upgrading its full-year guidance and issuing an initial forecast for 2027.

Camtek, which previously projected third-quarter revenues of 158-160 million dollars, now expects to report revenues of 160-161 million dollars. The full year is projected to close with revenues of approximately 595 million dollars, marking a growth of about 20 percent compared to 2025. Previously, the company expected second-half revenues to grow by more than 30 percent relative to the first half, implying annual revenues of around 586 million dollars.

Camtek noted that since the beginning of the year, it has received over 800 million dollars in orders slated for delivery in 2026 and 2027. Consequently, the company provided an initial 2027 forecast, projecting revenues exceeding 800 million dollars, which reflects a 35 percent growth compared to expected 2026 revenues.

CEO Rafi Amit stated: "I am thrilled by the record revenue levels. The exceptional order volume we experienced this year, driven by very strong demand in advanced packaging for AI applications, allows us to build a robust order backlog and pipeline, providing us with clear visibility into 2027. We expect growth to continue being driven by our next-generation Hawk and Eagle G5 products, and we are continuing to expand our production capacity to meet demand."

The data was released as Camtek participates in an industry conference in San Francisco. The company is traded on Nasdaq and in Tel Aviv with a market capitalization of approximately 6.7 billion dollars.