Camtek booked more than $600M in orders in the first half of 2026 and posted record quarterly revenue, the latest equipment maker to ride the advanced packaging wave fueled by HBM4 and AI accelerators.
The inspection and metrology specialist reported Q2 revenue of $133.2M, up 10 percent sequentially and 8 percent year over year.
Profitability held up even as GAAP operating income slipped 15 percent; non-GAAP earnings ticked up 2 percent to $39.4M and the Visual Layer deal closed during the quarter, leaving $815.8M in cash on the balance sheet.
Management expects revenue to jump more than 30 percent in the second half versus the first, with advanced packaging revenue growing about 70 percent between Q1 and Q4.
CEO Rafi Amit pointed to the industry transition to HBM4 and continued capacity expansion as the drivers, saying momentum across the business is becoming reality.
New platforms Eagle G5 and Hawk now contribute significantly to systems revenue, and OSATs account for more than half of total order intake.
Camtek also sees photonics, including silicon photonics, as an emerging market as 2.5D and 3D IC packaging capacity expands.
The results extend a run of strong quarters for packaging toolmakers as memory vendors and foundries race to add HBM and chiplet capacity for AI workloads.
