CAMT

Key takeaways

• Net income fell 57.2% to $50.7M and diluted EPS dropped 57.0% to $1.04, while revenue rose 15.6% to a record $496.1M and operating income rose 18.6% to $128.2M.
• Gross margin widened 1.5 points to 50.5% and operating margin widened 0.7 points to 25.8%, continuing the recovery from the 46.8% gross margin of 2023.
• The U.S. dollar weakened 13% against the NIS during 2025 with no hedging in place, and net NIS liabilities of about $14.7M mean a 1% move shifts net income by $147k — a new cost pressure not present in prior years.