The plunge from the peak doesn't stop her: The Israeli chip company riding the AI frenzy with 'historic visibility'
Camtek reported third-quarter results with revenues of $161 million and profit that met analysts' expectations. The company reaffirms aggressive growth forecasts for 2026 and 2027, and CEO Rafi Amit reports business visibility a year ahead thanks to demand for artificial intelligence.
Israeli chip company Camtek published its third-quarter results with revenues of $161 million, growth of 28% compared to the same quarter last year, and net profit of $42.8 million according to GAAP, compared to a loss in the same quarter last year. Earnings per share stood at 99 cents, in line with analysts' expectations. The company reaffirms its aggressive growth forecasts for 2026 ($595 million, growth of 40%) and 2027 (over $800 million). Camtek's stock has lost 46% since its peak in May, in line with weakness in the chip industry, but since the beginning of the year it has recorded a positive return of about 6%. CEO Rafi Amit noted that the company benefits from the growing demand for artificial intelligence, and that for the first time in its history it has business visibility a year ahead.