Earnings release
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SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934 , the Registrant has duly caused this report to be signed on its behalf by the undersigned , thereunto duly authorized . This Form 6 - K , including all exhibits hereto , is hereby incorporated by reference into all effective registration statements filed by the registrant under the Securities Act of 1933 . Dated : August 10 , 2026 CAMTEK LTD . ( Registrant ) By : / s / Moshe Eisenberg Moshe Eisenberg , Chief Financial Officer
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Camtek Ltd. P.O.Box 544, Ramat Gabriel Industrial Park Migdal Ha’Emek 23150, ISRAEL Tel: +972 (4) 604-8100 Fax: +972 (4) 644-0523 E-Mail: Info@camtek.com Web site: http://www.camtek.com CAMTEK LTD. Moshe Eisenberg, CFO Tel: +972 4 604 8308 Mobile: +972 54 900 7100 moshee@camtek.com INTERNATIONAL INVESTOR RELATIONS EK Global Investor Relations Ehud Helft Tel: (US) 1 212 378 8040 camtek@ekgir.com FOR IMMEDIATE RELEASE CAMTEK ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2026 Q2 record revenues of $133.2 million; Expects more than 30% growth in H2-26 vs. H1-26 and further growth into 2027 MIGDAL HAEMEK, Israel – August 10, 2026 – Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced its financial results for the second quarter ended June 30, 2026. 2026 Second Quarter Financial Highlights • Record revenues of $133.2 million, a 10% QoQ increase; • GAAP gross margin of 50.1% and non-GAAP gross margin of 51.4%; • GAAP operating income of $27.2 million and non-GAAP operating income of $36.0 million, representing operating margins of 20.4% and 27%, respectively; • GAAP net income of $23.3 million and non-GAAP net income of $39.4 million; GAAP diluted EPS of $0.46 and non-GAAP diluted EPS of $0.78; and • Completed the Visual Layer acquisition Forward-Looking Expectations Management expects third-quarter revenue to be in the range of $158 million to $160 million, representing an exceptional 20% sequential increase over the second quarter. Given our strong order momentum and record backlog, management expects more than 30% growth in H2-26 vs. H1-26 followed by continued growth into 2027. Management Comment Rafi Amit, Camtek’s CEO commented, “I am very pleased with the second quarter results which set a record revenue for us. Since the beginning of 2026, we have experienced a significant acceleration in order intake, bringing total orders received year-to-date to more than $600 million, with deliveries scheduled throughout the remainder of 2026 and into 2027. This exceptional level of order intake, combined with our leadership position in the Advanced Packaging (AP) segment, has significantly improved our business visibility and is expected to drive a very strong second half, with our AP revenue to grow approximately 70% between the first and fourth quarters of 2026. Concluded Mr. Amit, “Our product development roadmap is closely aligned with the technology roadmaps of the industry's leading customers. Combined with our deep customer engagement, expanding product portfolio, and proven execution, positions us to penetrate new process steps and applications, giving us strong confidence in our ability to deliver sustained growth in the years ahead.”
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Second Quarter 2026 Financial Results Revenues for the second quarter of 2026 were $133.2 million. This compares to second quarter 2025 revenues of $123.3 million, a year-over-year growth of 8%. Gross profit on a GAAP basis in the quarter totaled $66.7 million (50.1% of revenues), an increase of 7% compared to $62.6 million (50.8% of revenues) in the second quarter of 2025. Gross profit on a non-GAAP basis in the quarter totaled $68.5 million (51.4% of revenues), an increase of 7% compared to $64.0 million (51.9% of revenues) in the second quarter of 2025. Operating income on a GAAP basis in the quarter totaled $27.2 million (20.4% of revenues), a decrease of 15% compared to $32.0 million (25.9% of revenues) in the second quarter of 2025. Operating income on a non-GAAP basis in the quarter totaled $36.0 million (27.0% of revenues), a decrease of 4% compared to $37.4 million (30.3% of revenues) in the second quarter of 2025. Net income on a GAAP basis in the quarter totaled $23.3 million, or $0.46 per diluted share, a decrease of 31% compared to net income of $33.7 million, or $0.69 per diluted share, in the second quarter of 2025. Net income on a non-GAAP basis in the quarter totaled $39.4 million, or $0.78 per diluted share, an increase of 2% compared to a non-GAAP net income of $38.8 million, or $0.79 per diluted share, in the second quarter of 2025. Cash and cash equivalents, short-term and long-term deposits, and marketable securities, as of June 30, 2026, were $815.8 million compared to $849.7 million as of March 31, 2026. During the second quarter, the Company generated an operating cash flow of $12.2 million. Conference Call Camtek will host a video conference call/webinar today via Zoom, on August 10, 2026, at 09:00 ET (16:00 Israel time). Rafi Amit, CEO, Moshe Eisenberg, CFO, and Ramy Langer, COO will host the call and will be available to answer questions after presenting the results. To participate in the webinar, please register using the following link, which will provide access to the video call: https://us06web.zoom.us/webinar/register/WN_a_Na02dbSo-7hZ5je-P39g For those wishing to listen via phone, following registration, the dial in link will be sent. For any problems in registering, please email Camtek’s investor relations a few hours in advance of the call. For those unable to participate, a recording will be available on Camtek’s website at http://www.camtek.com within a few hours after the call. A summary presentation of the quarterly results will also be available on Camtek’s website.
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ABOUT CAMTEK LTD. Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry. Camtek's systems inspect IC and measure IC features on wafers throughout the production process of semiconductor devices, covering the front and mid-end and up to the beginning of assembly (Post Dicing). Camtek's systems inspect wafers for the most demanding semiconductor market segments, including Advanced Interconnect Packaging, Heterogenous Integration, Memory and HBM, CMOS Image Sensors, Compound Semiconductors, MEMS, and RF, serving numerous industries’ leading global IDMs, OSATs, and foundries. With manufacturing facilities in Israel and Germany, and eight offices around the world, Camtek provides state of the art solutions in line with customers' requirements. This press release is available at http://www.camtek.com This press release contains statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on Camtek’s current beliefs, expectations and assumptions about its business and industry, all of which may change. Forward-looking statements can be identified by the use of words including “believe,” “anticipate,” “should,” “intend,” “plan,” “will,” “may,” “expect,” “estimate,” “project,” “positioned,” “strategy,” and similar expressions that are intended to identify forward-looking statements, including our expectations and statements relating to our future earnings and guidance, the compound semiconductors market and our position in this market. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause our actual results to differ materially from those contained in the forward-looking statements include, but are not limited to, risks related to the ongoing hostilities in the Middle East; the impact of disruptions to global shipment and supply chain, including but not limited to increased risk and disruption around the Strait of Hormuz, and broader impacts on energy and freight markets; the continued demand and future contribution of HBM and Chiplet applications and devices to the Company business resulting from, among other things, the field of AI surging worldwide across companies, industries and nations; formal or informal imposition by countries of new or revised export and/or import and doing-business regulations or sanctions, including but not limited to changes in U.S. trade policies, changes or uncertainty related to the U.S. government entity list and changes in the ability to sell products incorporating U.S originated technology, which can be made without prior notice, and our ability to effectively address such global trade issues and changes; risks related to fluctuations in foreign currency exchange rates; and those other factors discussed in our Annual Report on Form 20-F as published on March 19, 2026, as well as other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the Securities and Exchange Commission. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Camtek does not assume any obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release unless required by law. While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek’s views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law. This press release provides financial measures that exclude: (i) share based compensation expenses; (ii) acquisition related expenses and (iii) one-time tax expenses and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non- GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors. A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release. The results reported in this press-release are preliminary unaudited results, and investors should be aware of possible discrepancies between these results and the audited results to be reported, due to various factors.
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CAMTEK LTD. and its subsidiaries Condensed Interim Consolidated Balance Sheets (Unaudited) (In thousands) June 30, December 31, 2026 2025 U.S. Dollars Assets Current assets Cash and cash equivalents 215,229 177,848 Short-term deposits 327,440 411,450 Marketable securities 87,695 78,862 Trade accounts receivable, net 153,921 90,829 Inventories 99,816 112,202 Other current assets 40,318 25,804 Total current assets 924,419 896,995 Marketable securities 185,473 182,941 Long-term inventory 16,979 15,569 Deferred tax asset, net 11,661 12,933 Other assets, net 1,802 1,881 Property, plant and equipment, net 59,359 55,090 Right of use assets, net 9,968 10,017 Intangible assets, net 16,654 10,062 Goodwill 112,737 74,345 Total non-current assets 414,633 362,838 Total assets 1,339,052 1,259,833 Liabilities and shareholders’ equity Current liabilities Trade accounts payable 48,402 33,676 Other current liabilities 76,936 73,749 Total current liabilities 125,338 107,425 Long-term liabilities Deferred tax liabilities, net - 1,261 Other long-term liabilities 15,054 14,311 Convertible notes 488,497 519,833 Total long-term liabilities 503,551 535,405 Total liabilities 628,889 642,830 Commitments and contingencies Shareholders’ equity Ordinary shares NIS 0.01 par value, 100,000,000 shares authorized at June 30, 2026 and at December 31, 2025; 48,760,553 issued shares at June 30, 2026 and 47,920,509 at December 31, 2025; 46,668,177 shares outstanding at June 30, 2026 and 45,828,133 at December 31, 2025 181 178 Additional paid-in capital 272,741 231,892 Accumulated other comprehensive income (loss) (2,355) 287 Retained earnings 441,494 386,544 712,061 618,901 Treasury stock, at cost (2,092,376 shares as of June 30, 2026 and December 31, 2025) (1,898) (1,898) Total shareholders' equity 710,163 617,003 Total liabilities and shareholders' equity 1,339,052 1,259,833
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CAMTEK LTD. and its subsidiaries Condensed Interim Consolidated Statement of Income (unaudited) (in thousands) Six months ended June 30, Three months ended June 30, Year ended December 31, 2026 2025 2026 2025 2025 U.S. dollars U.S. dollars U.S. dollars Revenues 254,902 241,955 133,243 123,317 496,072 Cost of revenues 127,271 118,780 66,541 60,706 245,755 Gross profit 127,631 123,175 66,702 62,611 250,317 Operating expenses: Research and development 31,007 21,836 16,684 11,474 48,345 Selling, general and administrative 42,131 36,665 22,791 19,163 73,769 Total operating expenses 73,138 58,501 39,475 30,637 122,114 Operating income 54,493 64,674 27,227 31,974 128,203 Financial income, net 15,126 10,375 6,977 4,942 25,064 Other expenses - - - - (100,932) Income before income taxes 69,619 75,049 34,204 36,916 52,335 Income tax expense (14,669) (7,043) (10,899) (3,221) (1,613) Net income 54,950 68,006 23,305 33,695 50,722 Earnings per share information: Six months ended June 30, Three months ended June 30, Year ended December 31, 2026 2025 2026 2025 2025 U.S. dollars U.S. dollars U.S. dollars Basic net earnings per share (in US dollars) 1.18 1.49 0.50 0.74 1.11 Diluted net earnings per share (in US dollars) 1.09 1.39 0.46 0.69 1.04 Weighted average number of ordinary shares outstanding: Basic 46,496 45,622 46,643 45,682 45,703 Diluted 51,433 49,306 51,520 49,327 49,970
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CAMTEK LTD. and its subsidiaries Reconciliation of GAAP To Non-GAAP results (In thousands, except share data) Six Months ended June 30, Three Months ended June 30, Year ended December 31, 2026 2025 2026 2025 2025 U.S. dollars U.S. dollars U.S. dollars Reported net income attributable to Camtek Ltd. on GAAP basis 54,950 68,006 23,305 33,695 50,722 Acquisition-related expenses (1) 4,059 1,300 3,570 650 2,801 One-time Tax expenses 7,700 - 7,700 - - Loss from extinguishment of Capital Notes (2) - - - - 88,682 Share-based compensation 7,995 8,203 4,873 4,493 16,819 Non-GAAP net income 74,704 77,509 39,448 38,838 159,024 Non–GAAP net income per diluted share 1.48 1.57 0.78 0.79 3.26 Gross margin on GAAP basis 50.1% 50.9% 50.1% 50.8% 50.4% Reported gross profit on GAAP basis 127,631 123,175 66,702 62,611 250,317 Acquisition-related expenses (1) 1,707 1,220 1,097 610 2,895 Share-based compensation 1,139 1,344 687 763 2,806 Non- GAAP gross profit 130,477 125,739 68,486 63,984 256,018 Non-GAAP gross margin 51.2% 52.0% 51.4% 51.9% 51.6% Reported operating income attributable to Camtek Ltd. on GAAP basis 54,493 64,674 27,227 31,974 128203 Acquisition-related expenses (1) 4,620 1,856 3,928 928 4,000 Share-based compensation 7,995 8,203 4,873 4,493 16,819 Non-GAAP operating income 67,108 74,733 36,028 37,395 149,022 (1) During the six-month period ended June 30, 2026, the Company recorded acquisition-related expenses of $1.3 million, consisting of: (1) inventory written-up to fair value in purchase accounting charges of $0.5 million. This amount is recorded under cost of revenues line item. (2) $1.2 million amortization of intangible assets acquired recorded under cost of revenues line item. (3) $0.2 million of compensation-related expenses recorded under research and development expenses line item. (4) $0.1 million amortization of intangible assets acquired recorded under sales and marketing expenses line item. (5) $2.6 million one-time M&A expenses recorded under G&A line item. (6) $0.6 million reversal of tax provision related to the above adjustment, recorded under the tax expense line item. During the three-month period ended June 30, 2026, the Company recorded acquisition-related expenses of $0.8 million, consisting of: (1) inventory written-up to fair value in purchase accounting charges of $0.5 million. This amount is recorded under cost of revenues line item. (2) $0.6 million amortization of intangible assets acquired recorded under cost of revenues line item. (3) $0.2 million of compensation-related expenses recorded under research and development expenses line item. (4) $0.1 million amortization of intangible assets acquired recorded under sales and marketing expenses line item. (5) $2.6 million one-time M&A expenses recorded under G&A line item. (6) $0.4 million reversal of tax provision related to the above adjustment, recorded under the tax expense line item. During the six-month period ended June 30, 2025, the Company recorded acquisition-related expenses of $1.3 million, consisting of: (1) $1.2 million amortization of intangible assets acquired recorded under cost of revenues line item. (2) $0.6 million amortization of intangible assets acquired recorded under sales and marketing expenses line item. (3) $0.6 million reversal of tax provision related to the above adjustment, recorded under the tax expense line item. During the three-month period ended June 30, 2025, the Company recorded acquisition-related expenses of $0.6 million, consisting of: (1) $0.6 million amortization of intangible assets acquired recorded under cost of revenues line item. (2) $0.3 million amortization of intangible assets acquired recorded under sales and marketing expenses line item. (3) $0.3 million reversal of tax provision related to the above adjustment, recorded under the tax expense line item. During the year ended December 31, 2025, the Company recorded acquisition-related expenses of $2.8 million, consisting of: (1) inventory written-up to fair value in purchase accounting charges of $0.5 million. This amount is recorded under cost of revenues line item. (2) $2.4 million amortization of intangible assets acquired recorded under cost of revenues line item. (3) $1.1 million amortization of intangible assets acquired recorded under sales and marketing expenses line item. (4) $1.2 million reversal of tax provision related to the above adjustment, recorded under the tax expense line item. (2) During the year ended December 31, 2025, the Company recorded a loss of $88.7 million, consisting of: (1) $100.9 million from the extinguishment of Capital Notes recorded under the other expenses line item. (2) $12.3 million tax benefit recorded under the income tax benefit line item.