Camtek Ltd. has announced record financial results for the second quarter of 2025. The company reported revenues of $123.3 million, marking a 20% increase compared to the second quarter of 2024, which recorded revenues of $102.6 million. Gross profit on a GAAP basis for the quarter was $62.2 million, accounting for 50.8% of revenues, which is a 22% rise from $51.1 million (49.9% of revenues) in the same quarter of the previous year. On a non-GAAP basis, net income for the quarter reached $38.8 million, or $0.79 per diluted share, showing a 19% increase from a net income of $32.6 million, or $0.66 per diluted share, in the second quarter of 2024. The company also achieved a GAAP net income of $33.7 million, reflecting a 20% year-over-year increase. Camtek's CEO, Rafi Amit, highlighted the company's strong performance, attributing the growth to high-performance computing applications for AI. Looking forward, Camtek anticipates continued growth in the third quarter of 2025, with projected revenues of approximately $125 million, aligning with an annual run rate of half a billion dollars. As of June 30, 2025, Camtek reported cash and cash equivalents, short-term and long-term deposits, and marketable securities totaling $543.9 million, compared to $522.6 million as of March 31, 2025. The company generated an operating cash flow of $23.5 million during the second quarter.
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