Camtek (NASDAQ:CAMT) reported record-breaking fourth-quarter and full-year 2025 results on Feb. 18, 2026, officially crossing its long-held "half-billion dollar" revenue target.
The Israeli semiconductor metrology specialist posted full-year revenue of $496.1 million, a 16% increase over 2024, as the race to build high-performance AI chips fueled an industry-wide upgrade cycle for advanced packaging tools.
The fourth quarter saw revenues climb 9% year-over-year to $128.1 million, slightly ahead of management’s own guidance.
Profitability remained high, with non-GAAP gross margins holding steady at 51%.
While full-year GAAP net income fell to $50.7 million—impacted by a one-time $89 million capital loss related to a debt repurchase in the third quarter—the company’s non-GAAP net income, which strips out these financing costs, jumped 15% to $159 million.
Looking ahead, Camtek issued a bullish outlook for 2026, forecasting double-digit revenue growth and projecting that significant capacity expansions by leading chipmakers will drive a second-half acceleration in system deliveries.