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Camtek Clocks 35% Revenue Growth In Q1 Backed By Robust Order Flow Amid China's Covid Lockdown, Global Tensions

By Anusuya Lahiri
  • Camtek Ltd (NASDAQ:CAMTreported first-quarter FY22 revenue growth of 35% year-on-year to $77.17 million, marginally beating the consensus of $77 million.
  • The non-GAAP gross margin expanded 130 bps to 52%.
  • The non-GAAP operating margin expanded by 160 bps to 28.8%.
  • Non-GAAP EPS of $0.44 missed the consensus of $0.45.
  • The company held $428.3 million in cash and equivalents.
  • CEO Rafi Amit commented, "We have started 2022 with strong results, and we are continuing to experience an impressive flow of orders. Despite the negative global geopolitical environment and the ongoing COVID-19 implications, specifically the lockdown in Shanghai area, the Company has received orders from China and from other territories of more than $150 million since the beginning of the year. The orders were received from a broad range of customers and will be used for various applications such as Advanced Interconnect Packaging, including DRAM, Front End, and CIS. This strengthens our expectations for another record year with year-over-year revenue growth of mid to high teens."
  • Outlook: Camtek sees Q2 revenue of $77 million - $80 million, versus the consensus of $79 million.
  • Price Action: CAMT shares traded higher by 1.15% at $27.25 on the last check Thursday.
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Dive Deeper:
NICE Clocks 15.4% Revenue Growth In Q1 Backed Robust Demand; Boosts FY22 Guidance
NICE Ltd (NASDAQ:NICE) reported first-quarter FY22 non-GAAP revenue growth of 15.4% year on year to $527.4 million, beating the consensus of $510.8 million. …
Why Fiverr Shares Are Trading Lower Today
Fiverr International Ltd (NYSE:FVRR) reported first-quarter FY22 revenue growth of 27% year-on-year to $86.7 million, beating the consensus of $86.5 million. Active buyers…
Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
RADCOM Shares Gain On Q1 Beat, Guidance Boost
RADCOM Ltd (NASDAQ:RDCM) reported first-quarter FY22 revenue growth of 16% year-on-year to $10.6 million, ahead of the consensus of $10.2 million. The non-GAAP…
One subscription that gives you access to news from hundreds of sites
Why Kornit Digital Shares Are Plunging Today
Kornit Digital Ltd (NASDAQ:KRNT) reported first-quarter revenue growth of 26% year-over-year to $83.3 million, missing the consensus of $87.81 million. Adjusted EPS…
New Relic Stock Slides Post Q4 Results, Misses On Profit Estimate, Announces CFO Transition
New Relic Inc (NYSE: NEWR) reported fourth-quarter revenue growth of 19.2% year-over-year to $205.75 million, beating the consensus of $204.52…
Get all your news in one place