Key Highlights

  • CAMC fell 21.32% to $10.04 as screened on Friday, October 23, 2026.
  • A 2x daily fund down 21.32% implies Camtek fell roughly 10.7%, calculated before fees.
  • Camtek pre-announced third-quarter revenue of $160 million to $161 million, up 27% year over year, on October 14.
  • Camtek guided fourth-quarter revenue to about $180 million, up 40%, and 2027 revenue above $800 million.
  • The fund charges a 0.45% expense ratio and held about $151 thousand in net assets.

CAMC Drop: Why Did the ETF Lose 21.32% After Record Camtek Numbers?

Corgi CAMT 2x Daily ETF (CBOE:CAMC) fell 21.32% to $10.04 on Friday, October 23, 2026, as screened. The fund seeks twice the daily move of Camtek (NASDAQ:CAMT), so the screened loss implies the shares fell roughly 10.7%, a calculated figure before fees. That points to a prior close near $12.76, also calculated.

No Camtek announcement was identified for the session, and the company's latest news was positive. The pressure fits a wider equipment sell-off: Lam Research (NASDAQ:LRCX) closed down 11.76% on Thursday, October 22, after record quarterly revenue, with reports tying the drop to AI spending worries and its own forecast.

Camtek Outlook: What Did the October 14 Pre-Announcement Say?

Camtek makes inspection and metrology equipment used to check semiconductor wafers and advanced packages, with plants in Israel and Germany. On October 14 it said third-quarter revenue would be a record $160 million to $161 million, slightly above guidance and up 27% from a year earlier.

It guided fourth-quarter revenue to about $180 million, up 40% year over year, and full-year 2026 to about $595 million. An initial 2027 outlook pointed to revenue above $800 million, growth the company put above 35%.

The shares were already soft before that. Camtek traded down 6.3% to about $138.27 on October 13 with no cause given, at a market value near $6.36 billion and a trailing price-to-earnings ratio above 200, so expectations were high.

Daily Reset: How Does a 10.7% Stock Drop Become a 21.32% Fund Loss?

CAMC is a Corgi fund on Cboe BZX that began trading on June 23, 2026, uses derivatives such as swaps, and charges 0.45%. Its net assets were about $151.02 thousand, small enough that flows can matter.

Because exposure resets each day, results over several days do not equal twice the stock's return. If Camtek fell 10% and then rose 10%, the stock would end down 1%, while a 2x daily fund would end down about 4% (calculated, before fees).

After a 21.32% loss the fund needs a gain of about 27.1% to return to its prior level, calculated. Leveraged products of this type are designed for single-day exposure, and they carry the risk of rapid, large losses.

Camtek Dates: What Could Move the Underlying Next?

Camtek reports full third-quarter results on Wednesday, November 4, 2026, where the pre-announced figures will be confirmed. Applied Materials (NASDAQ:AMAT) reports on November 12.

Lam guided December-quarter revenue to $8.6 billion, plus or minus $400 million, and cited 2027 wafer fab equipment demand above $200 billion while warning that supply constraints may limit near-term shipments. Investors will look for whether Camtek and other suppliers repeat that long-term demand view or temper it.