Q1 2026 Camtek Ltd Earnings Call Transcript

May 12, 2026 / 01:00 PM GMT

Release Date Price: €162.65 (-7.90%)

Transcript

Key Points

Positve

Camtek Ltd (CAMT) reported first-quarter revenue of $121.7 million, slightly ahead of guidance.
The company experienced an unprecedented start to the year in terms of incoming orders, significantly strengthening its confidence in the outlook for 2026 and 2027.
Camtek Ltd (CAMT) has received orders from two HBM manufacturers, representing expected revenue exceeding $260 million for 2026 and 2027.
The company is a leading provider in the OSAT domain, expecting to benefit from significant investment in advanced packaging for AI-related capacity expansion.
Camtek Ltd (CAMT) introduced two new systems, Eagle and Hawk, which have been well-received and are expected to double in revenue in 2026.

Negative

Operating expenses increased to $30.9 million, up from $24.4 million in the first quarter of last year, impacting operating margins.
The operating margin decreased to 25.5% from 31.5% in the first quarter of last year, partly due to a weaker U.S. Dollar against the shekel.
Net income for the first quarter of 2026 was $35.3 million, down from $38.7 million in the first quarter of last year.
Accounts receivables increased to $131.7 million, resulting in lower cash generation for the quarter.
The company faces competitive pressure in China from both international and local players, which could impact market share.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAMT.OQ - Camtek Ltd
Q1 2026 Camtek Ltd Earnings Call
May 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I would like to welcome all of you to CAMTEC's Results Zoom webinar. My name is Kenny Green and I'm part of the Investor Relations team at CAMTEC. All participants other than the presenters are currently muted. Following the formal presentation, I will provide some instructions for participating in the live question-and-answer session.

I would like to remind everyone that this conference call is being recorded and the recording will be available from the link in the earnings press release. And on Camtek's website from tomorrow.

You should have all received by now the company's press release. If not, please view it on the company's website. With me today on the call, we have Mr. Rafi Amit

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