Camtek is trading at $104.34, down 7.15%, in live trading as of 9:55 a.m. EST; the decline appears more consistent with valuation and competition concerns than an earnings miss.
- Q3 revenue hit a record $161.3 million and adjusted EPS was $0.99, both slightly above analyst estimates.
- Management reiterated Q4 revenue guidance of about $180 million and a 2027 target above $800 million.
- Morgan Stanley recently downgraded Camtek to Underweight, citing valuation, competitive and pricing risks; semiconductor-sector strength makes the company-specific pressure notable.