Why Is CAMTEK LTD (CAMT) Stock Down Today?

Camtek Ltd shares fell 8.45% to $130.72 on October 14, 2026. The decline followed the company's pre-announcement of record third-quarter revenues that exceeded guidance, alongside a new initial revenue outlook for 2027 that surpassed analyst consensus.

What Happened

Camtek pre-announced third-quarter 2026 revenues of $160 million to $161 million, slightly above the $159.04 million consensus estimate. The company also issued record fourth-quarter guidance of approximately $180 million, compared to a consensus of $179.21 million. Full-year 2026 revenue guidance stands at approximately $595 million.

The primary driver of the sell-off appears to be the company's initial 2027 revenue outlook of over $800 million. This figure exceeded the consensus estimate of $744.3 million, yet the market reacted negatively to the guidance. Morgan Stanley maintained its Equal-Weight rating on the stock but lowered its price target to $152.

What The Data Shows

The stock opened at $142.54 and reached a session high of $150.50 at 9:15 AM ET before sliding to a session low of $130.50 at 10:25 AM ET. Volume reached 0.5 million shares, which is 1.2 times the three-month daily average. The move pushed the stock to print 17 fresh 52-week lows on October 14, 2026.

Fundamentals show a market capitalization of $6.9 billion and a P/E ratio of 183.3. Trailing twelve-month revenue grew 7.9%, with a net margin of 7.4%. The stock has a beta of 1.59 and a 52-week range of $91.91 to $215.99. Over the last eight sessions, the stock moved -0.3%, from $150.97 to $150.50.

Recent insider activity includes seven sells totaling $5.1 million in the last 90 days, with no buys. The most recent filings were from Geva-Dvash Orit, Andorn Karni Yarl, and Langer Ram in August 2026.

What To Watch

Investors will monitor the final third-quarter earnings report to see if actual results align with the pre-announced revenue range of $160 million to $161 million.