Camtek forecasts sharp second-half surge on record order momentum

Camtek (NASDAQ:CAMT) shares advanced after the semiconductor inspection equipment maker signaled a significant acceleration in growth for the back half of the year, driven by what management described as an "unprecedented" start to 2026 for incoming orders.

The Migdal Haemek, Israel-based company reported first-quarter revenue of $121.7 million, slightly exceeding the average analyst estimate of $120.1 million.

While the top-line figure represented only a modest increase year-over-year, the company issued optimistic guidance, projecting second-quarter revenue between $129 million and $131 million.

More notably, Camtek expects revenue in the second half of 2026 to grow by more than 25% compared to the first half, supported by a robust backlog in advanced packaging for AI applications.

Profitability remained steady during the period.

Non-GAAP gross margin stood at 51%, while non-GAAP operating income reached $31.1 million, representing a 25.5% margin.

The company posted non-GAAP diluted earnings per share of $0.70, edging past the $0.69 consensus.

GAAP net income for the quarter was $31.6 million, or $0.63 per diluted share.