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Camtek Announces Preliminary Q2 Revenue of Approximately $80 Million
July 11, 2022 | CamtekEstimated reading time: Less than a minute
Camtek Ltd., announced, ahead of its Semicon-West trade-show related activities, that its preliminary revenues for the second quarter of 2022 will be approximately $80 million. This is at the top end of the company’s previously announced guidance range of between $77 to 80 million.
Despite current market uncertainties, Camtek had a strong quarter in terms of order momentum and since the beginning of 2022 has received orders of over $200 million and continues to maintain a healthy backlog. The orders were received from a broad range of customers and will be used for various applications such as Advanced Interconnect Packaging, including Panel Fan-out Wafer Level Packaging (FOWLP), Front End, compound semiconductors and CMOS Image Sensors (CIS).
Rafi Amit, Chief Executive Officer, commented, “I am very pleased with the expected upcoming second quarter results showing a record quarter for Camtek, as well as the outlook for the year, especially against the background of a weaker market climate. Our healthy backlog together with a strong flow of orders strengthens our expectations for another record year at Camtek with 2022 year-over-year revenue growth in the mid to high teens.”
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