Camtek (Nasdaq: CAMT), Migdal Ha'Emek semiconductor inspection and metrology company. Q2 2026 revenue hit a record $133.2M; FY2025 revenue reached $496.1M, driven by AI advanced-packaging demand.
Nasdaq: CAMT · Semiconductors & Electronics · Listed 2000 · Headquartered in Migdal Ha'Emek
Camtek (Nasdaq: CAMT) is the Migdal Ha'Emek-headquartered semiconductor inspection and metrology company whose tools sit inside the manufacturing lines for advanced packaging, high-bandwidth memory, and AI-accelerator silicon. Founded in 1987, it is one of the longest-tenured Israeli industrial-technology companies on Nasdaq, and its second-quarter 2026 revenue of $133.2 million marked a company record, according to Camtek's official Q2 2026 results release.
Company snapshot
Ticker: Nasdaq: CAMT, also TASE
Founded: 1987, Migdal Ha'Emek
IPO: Nasdaq listing 2000
Headquarters: Migdal Ha'Emek, Israel
Market cap: approximately $6.5–8.5B (mid-2026), fluctuating with the stock, according to StockAnalysis.com
Revenue: $496.1M (full-year 2025); $133.2M (Q2 2026, record quarter), according to Camtek's Q2 2026 earnings release
Employees: approximately 750
CEO: Rafi Amit (co-founder, long-tenured)
CFO: Moshe Eisenberg
COO: Ramy Langer
Product focus: Inspection and metrology for advanced semiconductor packaging
Founding and background
Camtek was founded in 1987 in Migdal Ha'Emek as part of the broader Priortech industrial group. The original product focus was electronic-substrate inspection, the printed-circuit-board inspection layer of electronics manufacturing. The semiconductor-inspection pivot, driven by the rise of advanced packaging through the 2010s, became the dominant business through the 2020s. Rafi Amit, the long-tenured chief executive, has overseen the strategic repositioning into advanced-packaging inspection that defines the contemporary company.
What they do today
Camtek designs and manufactures inspection and metrology equipment for the semiconductor industry, with product focus on advanced packaging, the technology layer that enables high-performance compute through chiplet integration, high-bandwidth memory stacks, and silicon-interposer architectures. Customer base is the global semiconductor manufacturing ecosystem, concentrated among the leading foundries (TSMC, Samsung Foundry, SMIC), the major outsourced semiconductor assembly and test (OSAT) providers, and integrated device manufacturers.
Full-year 2025 revenue reached a record $496.1 million, a 16% increase over 2024, according to Camtek's fourth-quarter and full-year 2025 results. CEO Rafi Amit said 2025 was the year the company passed half a billion dollars in revenue, calling Camtek "positioned at the epicenter of the AI market," according to the same release. Second-quarter 2026 revenue rose to a record $133.2 million, up 8% year over year, with about 75% of that quarter's revenue tied to advanced packaging and most of that supporting AI-related applications, according to Camtek's Q2 2026 earnings call. Camtek has received more than $600 million in orders since the start of 2026, scheduled for delivery through 2027, per the same call.
During the second quarter of 2026, Camtek completed its acquisition of Visual Layer, adding to the company's AI-related technology and product portfolio, according to StockTitan's coverage of the Q2 2026 release. The company did not disclose the purchase price.
Israeli nexus
Headquarters and primary manufacturing in Migdal Ha'Emek, alongside Tower Semiconductor in the northern Israeli industrial corridor. R&D and engineering are Israeli. Amit and the senior leadership ranks are Israeli. Camtek is one of the most consequential Israeli industrial employers in the north of the country.
Israeli silicon in the global AI build-out
Camtek's significance in the Israeli economy is structural and increasingly strategic. Camtek sits inside the supply chain of the most consequential industrial investment of the 2020s: the multi-hundred-billion-dollar build-out of AI compute infrastructure. Management expects advanced packaging to reach approximately 80% of total revenue by the end of 2026, driven by the semiconductor industry's transition to HBM4 memory and continuing 2.5D and 3D packaging capacity expansions, according to Camtek's Q2 2026 earnings call. Where Tower Semiconductor represents Israeli industrial silicon at the foundry layer, Camtek represents Israeli industrial silicon at the inspection and metrology layer. Both are concentrated in Migdal Ha'Emek; together they make the case that the Israeli north is, alongside Tel Aviv and Jerusalem, a third Israeli technology cluster of genuine global commercial scale.
Listing history
Camtek listed on Nasdaq in 2000 and is dual-listed on the Tel Aviv Stock Exchange. The stock traded in a relatively contained range through much of the 2010s before beginning a substantial re-rating in 2023 and 2024 as advanced-packaging demand from AI silicon transitioned from emerging theme to dominant industry narrative. The shares have gained roughly 55% over the trailing year as of mid-2026, according to Multiples.vc.
Competitive positioning
Primary competitors: KLA Corporation and Onto Innovation in the same inspection and metrology categories. Camtek's differentiation is depth in advanced-packaging inspection at the moment that segment became the industry bottleneck.
Watch points
- Quarterly revenue and order-book trajectory, the leading indicator of advanced-packaging demand. Camtek guided Q3 2026 revenue to $158-160 million, roughly 19-20% sequential growth, according to TradingKey's analysis of the Q2 2026 release.
- Customer concentration, share of revenue from the largest single foundry customers.
- Geographic mix, China revenue exposure and U.S. export-control developments.
- Margin trajectory as advanced-packaging product mix scales; GAAP operating income fell 15% year over year in Q2 2026 even as revenue set a record, since operating expenses rose faster than sales, per TradingKey's same analysis.
- Integration of the newly acquired Visual Layer business.
- Competitive dynamics with KLA Corporation and Onto Innovation.
FAQ
What is Camtek?
Israeli-headquartered semiconductor inspection and metrology company (Nasdaq: CAMT), founded 1987 in Migdal Ha'Emek. Tools deployed inside manufacturing lines for advanced packaging, high-bandwidth memory, and AI-accelerator silicon.
Where is Camtek headquartered?
Migdal Ha'Emek, in northern Israel, alongside Tower Semiconductor in the same industrial corridor.
What is Camtek's revenue and market cap?
Full-year 2025 revenue was $496.1 million and second-quarter 2026 revenue reached a record $133.2 million, according to Camtek's own results releases. Market cap is approximately $6.5-8.5 billion as of mid-2026, moving with the stock price. Approximately 750 employees.
Who runs Camtek?
Rafi Amit, co-founder and long-tenured Chief Executive Officer. Moshe Eisenberg is Chief Financial Officer and Ramy Langer is Chief Operating Officer.
Who competes with Camtek?
KLA Corporation and Onto Innovation in the same inspection and metrology categories.
Did Camtek make any recent acquisitions?
Camtek completed its acquisition of Visual Layer during the second quarter of 2026, adding to its AI-related technology and product portfolio. The company has not disclosed the purchase price.
Olam coverage
See the Olam entity profile of Tower Semiconductor (sister Israeli semiconductor company in the same industrial corridor) and Nova Ltd. (Israeli semiconductor metrology peer); and the flagship Olam Nasdaq 20.
בעברית
Camtek (נאסד"ק: CAMT) — חברת בדיקה ומטרולוגיה למוליכים למחצה, מטה במגדל העמק. נוסדה ב-1987, הונפקה בנאסד"ק ב-2000. כלי הבדיקה של החברה נמצאים בקווי הייצור של האריזה המתקדמת (advanced packaging), זיכרון HBM ומעבדי AI. הכנסות של כ-496 מיליון דולר בשנת 2025, ורבעון שני שיא של כ-133 מיליון דולר ב-2026. שווי שוק של כ-6.5-8.5 מיליארד דולר נכון לאמצע 2026, כ-750 עובדים. מנכ"ל ותיק: רפי עמית, שותף למייסדים; סמנכ"ל כספים: משה איזנברג; סמנכ"ל תפעול: רמי לנגר. בעלייה השנה: רכישת חברת Visual Layer. הלקוחות המרכזיים: TSMC, Samsung Foundry, SMIC והמפעילים הגדולים של OSAT. יחד עם Tower Semiconductor באותו אזור תעשייתי, Camtek מגלמת את הנוכחות התעשייתית הישראלית בשכבת מוליכי המחצית של מחזור ה-AI העולמי. תחרות מרכזית: KLA Corporation ו-Onto Innovation.