#Israel #Camtek #Migdal Haemek #Semiconductor #Q2 2026

Camtek Reports Impressive Q2 2026 Financial Results

Migdal Haemek, Israel - August 10, 2026 - Camtek Ltd. (NASDAQ: CAMT) has unveiled its financial results for the second quarter ending June 30, 2026, marking a significant milestone in the semiconductor sector with record revenues of $133.2 million. This achievement represents an 8% year-over-year increase compared to Q2 of 2025.

The company reported strong gross margins, with a GAAP figure of 50.1% and a non-GAAP figure of 51.4%. Operating income came to $27.2 million, which corresponds to a GAAP operating margin of 20.4%, while the non-GAAP operating income was $36 million, factoring in a higher operating margin of 25.9%. In terms of net income, Camtek recorded $23.3 million on a GAAP basis, equating to $0.46 per diluted share, while their non-GAAP net income stood at $39.4 million, translating to $0.78 per diluted share.

Highlights from Second Quarter 2026

• - Record revenues: $133.2 million, up 8% YoY
• - Gross margin: 50.1% GAAP, 51.4% non-GAAP
• - Operating income: $27.2 million (GAAP), $36 million (non-GAAP)
• - Net income: $23.3 million (GAAP), $39.4 million (non-GAAP)

In conveying the company's strong momentum, Rafi Amit, CEO of Camtek, expressed satisfaction with the second quarter performance, which exceeded the company's internal projections. Since the onset of 2026, Camtek has enjoyed a surge in order intake, aggregating nearly $600 million in orders, set for delivery throughout 2026 and into 2027. This has led management to forecast a 30% growth in the second half of the year compared to the first half, with expectations of hitting $158 to $160 million in Q3 alone, marking a remarkable 20% quarter-over-quarter growth.

Looking Forward: Growth Expectations

The demand for AI computing infrastructure significantly influences these expectations, driven by the ongoing AI revolution and increasing reliance on data centers. Camtek is convinced that as AI technology matures, the requirements for advanced semiconductor infrastructure will also expand. To leverage this market trend, the company has aligned its product development roadmap with the strategies of key industry players.

Camtek's recent acquisition of Visual Layer, which complements its existing product offerings, is another facet of its strategy to capitalize on the burgeoning AI-driven market. Amit noted, "Our robust engagement with clients, combined with a diversifying product portfolio and successful execution, positions us confidently for sustained growth in the years ahead."

Financial Overview Summary

• - Q2 Results:

- Revenue: $133.2 million
- Year-over-Year Growth: 8%
- GAAP Gross Profit: $66.7 million
- Non-GAAP Gross Profit: $68.5 million

Cash and Investment

As of June 30, 2026, Camtek holds $815.8 million in cash, short-term deposits, and marketable securities, a decrease from $849.7 million recorded at the end of Q1 2026. The company's operational cash flow during the second quarter amounted to $12.2 million.

Upcoming Conference Call

Camtek will host a webinar via Zoom today at 9 AM ET, where Amit, alongside other executive members, will provide further insights into the financial results and will be open for questions post-presentation. Interested parties can register through the company's website to access the video call. A recording will also be available on their official website afterward.

About Camtek Ltd.:
Camtek specializes in the design and manufacture of high-end inspection and metrology systems for the semiconductor industry. Their equipment is essential for inspecting integrated circuits (ICs) and measuring features on semiconductor wafers during production, serving some of the most demanding segments worldwide. With facilities in Israel and Germany and a global presence, Camtek continues to deliver advanced solutions tailored to client needs.

This release includes forward-looking statements that are speculative and subject to change based on internal and external factors. The company invites investors to review the full report and analyses made in accordance with GAAP and non-GAAP measures, ensuring transparent clarity in financial performance, which is critical to understanding the company's pathway to growth in the evolving tech landscape.