Camtek Announced Record Results
31 July, 2018
Rafi Amit Camtek's CEO: "2018 continues to be a very strong year, due to our focus on the fastest growing segments of the semiconductors market, particularly advanced packaging"
The manufacturer of metrology and inspection equipment for the semiconductor industry, Camtel from Migdal Haemeq, Israel, announced record results for the quarter ended June 30, 2018. Revenues for the second quarter of 2018 were $30.5 million. This compares to second quarter 2017 revenues of $22.7 million, a growth of 34% year-over-year and ahead of the upper end of the guidance range.
Toal revenues for the first half of 2018 are up over 30% from 2017. The third quarter 2018 revenues are expected to grow to $31-32 million, representing a year-over-year increase of approximately 30% for the the first nine months of 2018. Rafi Amit Camtek’s CEO commented, “2018 continues to be a very strong year, due to our focus on the fastest growing segments of the semiconductors market, particularly advanced packaging.
Furthermore, we are successfully leveraging our strong market position in metrology to grow and capture market share in 2D inspection applications as well. Our backlog at record levels and our improved visibility into the end of the year, give us confidence that we will continue revenue growth and associated improvement in margins and profit in the fourth quarter of 2018.”
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