Quarterly ResultMay 12, 2026, 07:27 AM
Camtek Q1 Revenue $121.7M; Q2 Guidance $129-131M
AI Summary
Camtek Ltd. announced its first quarter 2026 financial results, reporting revenues of $121.7 million, a slight increase year-over-year. Despite a decrease in GAAP and non-GAAP operating and net income compared to Q1 2025, the company provided strong forward-looking guidance, expecting Q2 revenues between $129 million and $131 million. Management expressed high confidence for the remainder of 2026, projecting over 25% revenue growth in the second half compared to the first half, driven by unprecedented incoming orders and continued investment in AI-based innovation.
Key Highlights
- Q1 2026 revenues of $121.7 million, a 2.5% increase year-over-year.
- Q1 2026 GAAP gross margin of 50.1% and non-GAAP gross margin of 51.0%.
- Q1 2026 GAAP operating income of $27.3 million (22.4% margin), down 17% YoY.
- Q1 2026 GAAP net income of $31.6 million, or $0.63 diluted EPS, down 8% YoY.
- Q1 2026 non-GAAP net income of $35.3 million, or $0.70 diluted EPS, down 9% YoY.
- Q2 2026 revenue guidance set between $129 million and $131 million.
- Expects over 25% revenue growth in 2H 2026 compared to 1H 2026.
- Cash and equivalents totaled $849.7 million as of March 31, 2026.