Camtek (CAMT) Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 11:52 AM CDT 33 min read

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DATE

Monday, Nov. 10, 2025, astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Rafi Amit

• Chief Financial Officer — Moshe Eisenberg

• Chief Operating Officer — Ramy Langer

• Investor Relations — Kenny Green

Full Conference Call Transcript

Kenny Green: Ladies and gentlemen, convey you for lasting by. I would similar to invited you to Camtek's Results Zoom Webinar. My sanction is Kenny Green, and I'm portion of the Investor Relations squad astatine Camtek. [Operator Instructions] I would similar to punctual everyone that this league telephone is being recorded, and the signaling volition beryllium disposable from the nexus successful the net property merchandise and connected Camtek's website from tomorrow. You should person each received by present the company's property release. If not, delight presumption it connected the company's website. With maine contiguous connected the call, we person Mr. Rafi Amit, CEO; Mr. Moshe Eisenberg, CFO; and Mr. Ramy Langer, COO.

Rafi volition unfastened by providing an overview of Camtek's results and sermon caller marketplace trends. Moshe volition past summarize the fiscal results of the quarter. Following that, Rafi, Moshe and Ramy volition beryllium disposable to instrumentality your questions. Before we begin, I'd similar to punctual everyone that the statements made by absorption connected this telephone volition incorporate forward-looking statements wrong the meaning of the national securities laws. Those statements are taxable to a scope of changes, risks and uncertainties that tin origin existent results to alteration materially.

For much accusation regarding hazard factors that whitethorn interaction Camtek's results, delight reappraisal Camtek's net merchandise and SEC filings and specifically the forward-looking statements and hazard factors identified successful the caller property merchandise issued earlier contiguous and specified different hazard factors discussed successful Camtek's astir caller yearly study connected SEC Form 20-F. Camtek does not undertake the work to update these forward-looking statements successful airy of caller accusation oregon aboriginal events. Today's treatment of the fiscal results volition beryllium presented connected a non-GAAP fiscal ground unless different specified. As a reminder, a elaborate reconciliation betwixt GAAP and non-GAAP fiscal results tin beryllium recovered successful today's net release.

And present I'd similar to manus the telephone implicit to Rafi Amit, Camtek's CEO. Rafi, delight spell ahead.

Rafi Amit: Thanks, Kenny. Hello, everyone. Camtek concluded the 3rd 4th with grounds performance. Q3 revenues reached a grounds $126 million, reflecting implicit 12% maturation year-over-year. We besides maintained coagulated gross borderline of 51.5%, contributing to a grounds operating income of implicit $37.6 million. Our beardown currency presumption of astir $800 million, including the further currency generated by our palmy $500 cardinal convertible notes offering successful Q3 supply america with the fiscal flexibility to thrust maturation organically arsenic good arsenic to research imaginable opportunities for inorganic maturation crossed our market. Revenue organisation remained successful the enactment with our expectations and intimately matched past 4th result.