> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Camtek Guides 2027 Revenue Above $800 Million, Says Gross Margin Was 'A Bit Disappointed'-Level Low - URL: https://www.bullished.co/camtek-guides-2027-revenue-above-800-million-says-gross-margin-was-a-bit-disappointed-47672941/ - Published: 2026-11-04T15:37:32.000Z - Updated: 2026-11-04T15:37:32.000Z - Description: Camtek's CFO blamed parts costs and a stronger shekel for a 51.1% gross margin, while customers book delivery slots through 2027. - Author: Matteo Parrino - Tags: Earnings, CAMT, Industry: Technology [Camtek expects 2027 revenue above](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co) $800 million, but its finance chief said on the company's Wednesday earnings call that the third-quarter gross margin fell short of what management wanted. Chief Financial Officer Moshe Eisenberg blamed higher parts costs and a stronger Israeli shekel. ## Margin held flat, but below plan [Camtek](https://www.bullished.co/tag/camt/), which makes machines that inspect and measure semiconductor wafers during chip production, reported third-quarter revenue of [$161.3 million](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co), up 28% from a year earlier and 21% from the second quarter. Operating income reached $47.5 million, and net income was $50.3 million, or $0.99 per diluted share. Gross margin was 51.1%, against 51.4% in the second quarter. "[We were a bit disappointed](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co) by the gross margin level," Eisenberg said, pointing to "slightly higher parts and material costs" that offset cost cuts and a favorable product mix. He added that the shekel "[got much stronger against](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co) the US dollars," an overhang on cost of goods that is "beyond our control." He hopes it will balance out next year. Asked by a Goldman Sachs analyst whether margins can recover, Eisenberg said they should "[gradually improve starting](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co) from the first quarter of 27," helped by higher prices, richer mix and early software sales. ## Slots booked a year out CEO Rafi Amit said many customers have spent several months securing delivery slots through 2027, including in China. He said Camtek now has visibility about a year ahead for the first time in its history. Management guided fourth-quarter revenue of [about $180 million](https://wtop.com/national/2026/11/camtek-q3-earnings-snapshot/?ref=bullished.co), bringing 2026 to about $595 million. It also set a target of $1.2 billion in annual revenue within about three years, with operating margin of 34% to 36%, largely organic. Camtek ended September with $877.1 million in cash, deposits and marketable securities, and generated $71.1 million in cash from operations in the quarter. Roughly 80% of revenue came from advanced packaging, most of it tied to AI demand. ## Component shortages and a stock drop Pressed by a Needham analyst on shortages, Chief Operating Officer Ramy Langer said memory chips and CPUs are scarce and costlier. He expects a fix "within three to six months," then added: "We're not sure about it." Camtek shares were down about 8% at $103.73 in Wednesday trading, as of 10:27 a.m. ET. Eisenberg's marker is the first quarter of 2027, when he said gross margin should start to improve gradually. Learn - [How To Read An Earnings Call Transcript: Start With Guidance, Then Find What's Missing →](https://www.bullished.co/learn/how-to-read-an-earnings-call/) How to read an earnings call transcript: check guidance first, look for dropped metrics, compare growth with last quarter, and watch hedged wording. ### Sources - [Camtek Q3 2026 Earnings Call Transcript](https://www.benzinga.com/news/26/11/62868480/camtek-q3-2026-earnings-call-transcript?ref=bullished.co) — benzinga.com - [Camtek (CAMT) Earnings Are Here Following Oversold Reset But Is The Valuation Already Priced In](https://finance.yahoo.com/markets/stocks/articles/camtek-camt-earnings-following-oversold-061543260.html?ref=bullished.co) — Yahoo Finance - [Camtek: Q3 Earnings Snapshot – WTOP News](https://wtop.com/national/2026/11/camtek-q3-earnings-snapshot/?ref=bullished.co) — wtop.com - [Camtek: Q3 Earnings Snapshot | wusa9.com](https://www.wusa9.com/article/syndication/associatedpress/camtek-q3-earnings-snapshot/616-b9e7d68c-2af8-43a6-9274-e1f9664909df?ref=bullished.co) — Associated Press - [Camtek: Q3 Earnings Snapshot | kare11.com](https://www.kare11.com/article/syndication/associatedpress/camtek-q3-earnings-snapshot/616-b9e7d68c-2af8-43a6-9274-e1f9664909df?ref=bullished.co) — Associated Press ### More on Camtek - [Menora Mivtachim Reports 5.08% Passive Stake In Camtek, 2,369,026 Shares Held Across Four Units](https://www.bullished.co/menora-mivtachim-reports-5-08-passive-stake-in-camtek-2-369-026-shares-held-across-four-bfa05235/) [All Camtek (CAMT) coverage →](https://www.bullished.co/tag/camt/)