Camtek Reports Record Quarterly Revenue in Q1 2024, Exceeding Expectations
Thursday, 9 May 2024, 19:00
Camtek Q1 2024 Earnings Call Transcript Analysis
Camtek reported a record quarterly revenue of $97 million in Q1 2024, exceeding guidance and showing strong performance in the advanced interconnect packaging applications. The company achieved a high gross margin of 50.6% and expects continued high demand for HBM and chiplets.
Key Points:
- Q1 2024 revenue reaches $97 million, exceeding expectations
- Strong performance in advanced interconnect packaging applications
- Record gross margin of 50.6%
- High demand expected for HBM and chiplets in upcoming quarters
Camtek is well positioned to benefit from the growth trends in AI-related products, indicating confidence in future sales reaching over $500 million annually.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.