CAMT Earnings Prediction
The chart below shows how CAMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CAMT sees a -2.63% change in stock price 10 days leading up to the earnings, and a +4.05% change 10 days following the report. On the earnings day itself, the stock moves by -1.22%. This data can give you a slight idea of what to expect for the next quarter's release.
CAMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
112.34M
39.60%
9.50%
Gross Margin
49.72%
2.56%
-0.26%
Operating Margin
26.39%
11.40%
4.60%
Net Margin
29.15%
6.35%
6.93%
EPS
0.66
46.67%
15.79%
No Data Available
CAMT Earnings Analysis
Camtek Ltd Corporation (CAMT.O) Earnings Conference Call
Positive
Record Revenue Achievement: 1. Record Quarterly Revenue: Camtek achieved a record revenue of $112 million in Q3 2024, marking a 40% increase compared to Q3 2023 and a 10% sequential growth from Q2 2024.
Operating Profit Increase: 2. Strong Operating Profit: The operating profit for Q3 2024 was $34.2 million, up from $22.2 million in Q3 2023, resulting in an operating margin of 30.4%.
Q4 Revenue Forecast: 3. Positive Revenue Guidance: For Q4 2024, Camtek expects revenue of approximately $115 million, representing a 30% year-over-year growth, with sequential growth anticipated into Q1 2025.
Cash Flow Performance: 4. Significant Cash Generation: The company generated $36 million in cash from operations during Q3 2024, supported by increased revenue and strong collections, leading to cash and cash equivalents of $489 million.
Eagle G5 System Demand: 5. New Product Orders: Following the introduction of the Eagle G5 system, Camtek received orders exceeding $20 million, with deliveries starting in Q4 2024, indicating strong market demand for new technologies.
Negative
China Revenue Decline: 1. Declining Revenue Contribution from China: Revenue contribution from China is expected to decrease to 30-35% this year, down from over 40% in previous years, indicating a significant decline in reliance on this market.
Operating Expenses Surge: 2. Increased Operating Expenses: Operating expenses rose to $22.9 million in Q3 2024, up from $18.6 million in Q3 2023, reflecting a 23% year-over-year increase, which may pressure profitability despite revenue growth.
Inventory Levels Increase: 3. Inventory Buildup: Inventory levels increased by $7 million to $116 million, indicating potential overstocking issues that could lead to future write-downs if demand does not meet expectations.
Market Qualification Concerns: 4. Uncertainty in HBM Market: Despite a positive outlook, there are concerns regarding the qualification process for HBM products, which could impact future growth if customers face delays or failures in qualification.
Future Demand Uncertainty: 5. Limited Visibility Beyond Two Quarters: Management expressed limited visibility beyond two quarters for future demand, indicating potential uncertainty in revenue projections for 2025.
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CAMT Earning Call Sentiment
Camtek Ltd. (CAMT) Q3 2024 Earnings Call Transcript
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00:00
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CAMT.O
-0.99%Positive
The earnings call summary presents a strong financial performance with record revenue growth and improved profitability. The Q&A section reveals management's confidence in future growth, despite some concerns about substrate constraints and competition. The lack of a share repurchase program is a minor negative. Overall, the positive guidance, strong demand for HPC products, and record revenue suggest a positive stock price movement over the next two weeks.