Camtek Shares Jump Premarket As HPC Demand Drives Earnings Beat: Retail's Overjoyed

Camtek Ltd. ($CAMT) surged as much as 11% in pre-market trading Tuesday after reporting stronger-than-expected third-quarter earnings, lifted by continued demand in high-performance computing (HPC) sectors.

The Israel-based company, specializing in semiconductor inspection and metrology equipment, posted earnings of $0.75 per share, topping Wall Street estimates of $0.69. 

Revenue came in at $112.3 million, beating the consensus forecast of $108.51 million and marking a 40% increase year-over-year.

Looking ahead, Camtek expects fourth-quarter revenue to come in around $115 million, representing an anticipated 30% annual growth, largely due to the robust HPC market. 

“We expect the overall contribution of HPC to our business this year to be around 50% and foresee it as a major growth driver in 2025,” said CEO Rafi Amit, adding that demand is also rising in other segments.

Retail sentiment surged to ‘extremely bullish’ (88/100) on Stocktwits ahead of the company’s earnings, bolstered by ‘extremely high’ (85/100) chatter. 

Last week, Camtek announced it has received $20 million in orders for its new Eagle G5 system, designed for 2D inspection in advanced packaging fan-out applications.

According to the company, the G5 stands out for its high-speed processing, precision, and adaptability to advanced semiconductor manufacturing needs. It is expected to lead a series of new product introductions from Camtek in the coming months.

Camtek’s stock has risen 23% this year so far.  

It hit an all-time high of $140.5 in July on news of securing a new $20 million order from a top-tier Outsourced Semiconductor Assembly and Test (OSAT) provider and repeat orders in excess of $2.5 million for its Xact200 system from a “number of leading semiconductor manufacturers.”

For updates and corrections email newsroom@stocktwits.com.

Read more: Nvidia Stock Dips As Monolithic Power Crashes On Concerns of Supplier Allocation For Blackwell AI Chips: Retail Focuses On Earnings