camtek

Camtek Surges Past $500M: Israel’s Metrology Powerhouse Rides the AI Chip Wave

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Camtek, headquartered in Migdal HaEmek, Israel, today (Tuesday) reported its financial results for the second quarter of 2025, setting new records in revenue, profit, and forward guidance. Revenue reached $123.3 million – up nearly 20% from $102.6 million in the same quarter last year – marking the strongest quarter in the company’s history.

GAAP net income stood at $33.7 million, a 21% year-over-year increase, while non-GAAP profit totaled $38.8 million. The company’s cash balance reached $543.9 million.

Company management expressed satisfaction with the results, attributing the growth to rising demand for advanced inspection systems, particularly for advanced packaging used in AI chips. CEO Rafi Amit stated that Camtek is on track to exceed $500 million in annual revenue for the first time this year. The company expects Q3 revenue of approximately $125 million, implying annual growth of at least 20%.

Strategic Focus and Market Timing

Over the past decade, Camtek has undergone a dramatic transformation – evolving from a niche player to a global leader in metrology and advanced chip packaging inspection. In 2020, the company’s annual revenue stood at just $130 million. By 2024, it had already surpassed $420 million, and this year – if projections hold – it will break the $500 million threshold. That’s nearly 4x growth in just five years. Over the same period, Camtek’s stock surged more than 470%, reaching a market cap of $4 billion.

This growth was driven not only by macro trends in the semiconductor industry but also by Camtek’s strategic and technological focus. The company was early to identify the global shift toward advanced packaging, 3D multi-layer architectures, and HBM memory – the fastest-growing segments in the chip industry, powering the surge in AI and high-performance computing.

Camtek’s targeted strategy led to the development of dedicated inspection systems – including the Eagle and Hawk product lines – which have been widely adopted by leading semiconductor manufacturers. By aligning itself with the right market segment, Camtek has achieved a growth trajectory that outpaces most of its competitors. At the same time, it maintained a disciplined yet consistent approach to R&D investment and relationship-building with key customers.

The combination of competitive technology, a booming market, and focused leadership has positioned Camtek as a significant global player in a space long dominated by Asian and U.S. giants – and set the stage for continued expansion in the years to come.

Camtek Received $70 Million Orders for its New Products

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Above: Camtek’s newly announced Eagle G5 inspection system

Camtek announced that it has received over $50 million in initial orders from several customers for its new Hawk product, with additional orders in the pipeline. These orders will be delivered throughout 2025. The Hawk, based on a new platform, addresses high-end Advanced Packaging technologies including capabilities for inspection and 3D measurements of wafers with 500 million micro bumps and Hybrid Bonding technology.

The Hawk will be officially launched in February 2025 at Semicon Korea. It addresses very demanding applications, including High Bandwidth Memory (HBM), Chiplet and Hybrid Bonding. At the same time, Camtek has also received initial Orders totaling $20 Million for its other newly launched product – the Eagle G5. The orders will be used primarily for 2D inspection of Advanced Packaging Fan-out applications.

Rafi Amit, Camtek’s CEO, said that Eagle G5,  “is the first of several breakthrough systems we plan to introduce in the coming months.” Eagle G5 is an for automated optical Inspection and Metrology system of semiconductor wafers, targeted for use for in the production lines of advanced packaging devices in applications such as HPC (high-performance computing), CIS (CMOS image sensors), SiC (Silicon Carbide), and others.

During the third quarter of 2024, Camtek has achieved record revenues of $112.3 million, a 40% year-over-year (YoY) increase. The company expexts $115 million sales in Q4, which would represent a 30% increase over revenues in Q4 2023. ” Given our guidance, 2024 is expected to be a record year for Camtek with revenue around $427 million, which would represent 35% growth YoY.”

Camtek Announced Record Results

CAMTEK
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The manufacturer of metrology and inspection equipment for the semiconductor industry, Camtel from Migdal Haemeq, Israel, announced record results for the quarter ended June 30, 2018. Revenues for the second quarter of 2018 were $30.5 million. This compares to second quarter 2017 revenues of $22.7 million, a growth of 34% year-over-year and ahead of the upper end of the guidance range.

Toal revenues for the first half of 2018 are up over 30% from 2017. The third quarter 2018 revenues are expected to grow to $31-32 million, representing a year-over-year increase of approximately 30% for the the first nine months of 2018. Rafi Amit Camtek’s CEO commented, “2018 continues to be a very strong year, due to our focus on the fastest growing segments of the semiconductors market, particularly advanced packaging.

Furthermore, we are successfully leveraging our strong market position in metrology to grow and capture market share in 2D inspection applications as well. Our backlog at record levels and our improved visibility into the end of the year, give us confidence that we will continue revenue growth and associated improvement in margins and profit in the fourth quarter of 2018.”