Alongside Check Point's results, the coming week belongs to Israeli chip companies. Tower Semiconductor will publish third-quarter results tomorrow (Monday), with an investor call at 10:00 a.m. New York time, 5:00 p.m. in Israel. Camtek reports on Wednesday, November 4.
Tower: waiting for a record
In its previous report, in August, Tower guided to record third-quarter revenue of $520 million, plus or minus 5%, up 31% from a year earlier. The key question will be the fourth-quarter guidance. Tower, whose main fab is in Migdal HaEmek, makes chips to order and benefits from demand for optical communication components and analog chips used in AI data centers.
Camtek: we already know it's a record
Camtek, which develops chip inspection and metrology systems, pre-announced record third-quarter revenue above its guidance, along with record fourth-quarter guidance and an initial 2027 outlook. Full figures will be published on Wednesday. Demand for Camtek's systems is directly linked to advanced HBM memory chips, which drove record profits at Samsung and SK Hynix this month.
The big picture
While investors worry about tech giants' AI spending, companies selling them the "shovels", chips, equipment and inspection, keep posting records. Israel, with Tower, Camtek, Nova and the R&D centers of Nvidia and Intel, is a central part of this chain. We will update when results are out.
