CAMTEK LTD
For the period ended Aug 10, 2026. Filed Aug 10, 2026.
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Aug 10, 2026 · Filed Aug 10, 2026
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Contents
(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.
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