Camtek Beats Second Quarter Forecasts and Raises Growth Outlook
The company exceeded analysts' expectations for revenue and profit. It anticipates continued significant growth of 30% in the second half of the year. Rafi Amit: "We are experiencing a significant acceleration in the pace of order intake."
Chip inspection equipment manufacturer Camtek continues to benefit from robust global demand for semiconductors. In its second-quarter report, the company surpassed Wall Street expectations. Under the leadership of Rafi Amit, the company reported record revenue of $133.2 million, beating the consensus estimate of $130.2 million.
On the bottom line, Camtek reported an adjusted non-GAAP profit of 78 cents per share, compared to analyst expectations of 76 cents.
Camtek anticipates continued significant growth of 30% in the second half of the year compared to the first. For the third quarter, the company projects revenue between $158 million and $160 million, exceeding the $148.8 million forecast by analysts. Achieving these figures would represent a 20% increase over the second quarter. The company also expects its growth trajectory to extend into 2027.
Over the past year, Camtek stock has surged 90% on Wall Street, reaching a market valuation of $7.3 billion (21.8 billion shekels in Israel).
"Since the beginning of 2026, we have been experiencing a significant acceleration in the pace of order intake, and the total volume of orders received since the beginning of the year has exceeded $600 million, with deliveries planned throughout the remainder of 2026 and into 2027," said CEO Rafi Amit.
According to Amit, this exceptional order level has significantly improved business visibility. The company expects revenues from the advanced packaging sector to grow by approximately 70% between the first and fourth quarters of 2026.
