Camtek
ConvictionStrong
Capital-equipment OEM: sells inspection/metrology tools (Eagle, Hawk, Golden Eye, MicroProf families) to memory makers and OSATs, with recurring service, spare parts, and software/upgrades attached to a growing installed base. Lumpy, order-driven hardware revenue with a smaller annuity tail.
Revenuefact
$496.1M FY2025$121.7M Q1 FY26 (factRev growthfact
+16% FY25 YoY+2.5% Q1 FY26 YoY (fact) — a flat H1 ahead of a guided H2 re-accelerationGross margin
50.1% GAAP / 51.0% non-GAAPQ1 FY26; factOp margin
22.4% GAAP / 25.5% non-GAAPQ1 FY26; fact) — down from 27.6%/31.5% a year ago on opex investmentCapex intensity
Low — historically ~3–6% of revenueestimate; asset-light tool assembler, outsources component fabricationMarket cap
~$7.7B–$8.2B~48.5M shares × ~$168–$181, early Jun 2026; factPrice · 1-year trend
real · weekly$144+61% 1yUSD
52-week range
$77 – $207
52w lowas of 2026-07-10 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityStrong
Memory super-cycle monitor
Full context
position · longModerate
Memory super-cycle monitor
Full context
book · long
Memory super-cycle monitor
Full context
The read
Where our coverage leans
Bull & bear in tension
Sign in to read the bull & bear take — Pro unlocks the full dossier.
Members only
Full financial intelligence for Camtek
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence