Camtek (CAMT) investor relations material

Business overview and market position

• Specializes in inspection and metrology systems for the semiconductor industry, with over 3000 tools installed and more than 300 customers, including major Tier 1 players.

• Market leader in advanced packaging, serving high-growth segments such as HPC, HBM, and chiplet devices.

• Main market segments include heterogenous integration, compound semiconductors, power, RF, and CMOS image sensors.

• 70% of business comes from Tier 1 customers, supporting the most challenging applications in the market.

Financial performance and targets

• Achieved $496M in revenue and $149M in operating income in 2025, with a 23% CAGR in revenue from 2017 to 2025.

• Q2 2026 revenue reached $133.2M, with a gross margin of 51.4% and operating income of $36M.

• Maintains a strong balance sheet with $816M in cash and deposits as of June 2026.

• Targeting $750M in revenue with 54-55% gross margin and 33-35% operating margin, driven by operating leverage and increased demand for AI applications.

Technology and product innovation

• Offers Eagle and Hawk platforms for inspection and 3D metrology, supporting sub-micron defect detection and high-volume wafer inspection.

• Launched Eagle G5 and Hawk, expected to contribute 50% of 2026 revenue, with significant improvements in speed and detection sensitivity.

• Acquired Visual Layer to strengthen AI capabilities, integrating advanced AI-based algorithms for improved detection and measurement accuracy.

• Advanced AI solutions expand total addressable market (TAM) to over $2B by 2027.