Camtek Guides Q2 Revenue to $129–131M, Expects Over 25% H2 Growth
Camtek reported Q1 2026 revenues of $121.7 million, up 2.5% year-over-year, with GAAP net income of $31.6 million ($0.63 EPS) and non-GAAP income of $35.3 million ($0.70 EPS). The company guided Q2 revenues of $129–131 million and forecasted over 25% H2 growth driven by strong orders and AI innovations.
1. First Quarter Financial Results
Camtek recorded Q1 2026 revenues of $121.7 million, a 2.5% increase from Q1 2025. GAAP gross margin was 50.1% and non-GAAP gross margin 51.0%, with GAAP operating income of $27.3 million (22.4% margin) and non-GAAP operating income of $31.1 million (25.5% margin). GAAP net income reached $31.6 million ($0.63 diluted EPS) and non-GAAP net income was $35.3 million ($0.70 diluted EPS). Cash and equivalents totaled $849.7 million at quarter end, and operating cash flow was $3.1 million.
2. Second Quarter Guidance and H2 Outlook
The company issued Q2 revenue guidance of $129–131 million. Based on backlog and pipeline strength, Camtek expects second-half 2026 revenues to grow by over 25% compared with the first half of the year.
3. Innovation and Order Momentum
Camtek highlighted unprecedented incoming order momentum supporting its outlook. The company is investing heavily in AI-based algorithms and software, leveraging its acquisition of Visual Layer to enhance detection, metrology and classification capabilities and strengthen its competitive edge.