Slide 1: Camtek Investor Presentation
Camtek Investor Presentation Aug. 2026
Slide 2: Disclaimer
Disclaimer Confidentiality This presentation is confidential and may not be reproduced or distributed to others at any time without our Use of Non-GAAP Financial Measures prior written consent. This presentation contains various non-GAAP financial measures, including Net Income per Diluted Share, Fo
Slide 3: Camtek at a Glance
CAMTEK AT A GLANCE (Nasdaq & TASE: CAMT) Inspection and metrology systems for the semiconductor market REVENUE $496 $429 $321 $315 $270 $134 $156 $93 $123 2017 2018 2019 2020 2021 2022 2023 2024 2025 $815 ~4,000 760 OPERATING INCOME Cash Installed Base Employees As of 06/30/26 (1) $149 $130 $92 $83
Slide 4: Market leader in Metrology and Inspection for Advanced Packaging
Market leader in Metrology and Inspection for Advanced Packaging Installed base of over 3000 tools Over 300 Customers 5 Copyright of Camtek Ltd© 2026. All rights reserved
Slide 5: Our Market & Competitive Landscape
Our Market & Competitive Landscape Our systems provide inspection & metrology of 100% of the dice on the wafer, ensuring Known-Good-Die Front-End Mid-End Back-End Our main segments End of Line Wafer Level Packages Dicing Assembly Heterogenous Integration BEOL Front-end Camtek’s main market Compound
Slide 6: Double-Digit Target Markets Growth
Double-Digit Target Markets Growth Advanced Packaging Expects 30-40% growth rate HPC and AI Non-AI AP Other Applications ~55% of our revenues + 20% of our revenues 25% of our revenues: General 2D, Photonics, power ~75% of our revenues devices, CIS, Front-end 7 Copyright of Camtek Ltd© 2026. All righ
Slide 7: What we do?
What we do? Inspection 3D Metrology Metrology Eagle Hawk Hawk Eagle MicroProf Front side at Sub-micron defects Micro-Bumps coplanarity, RDL Backside inspection and height CD/Overlay Edge inspection Up-to 500M bumps per TSV wafer Topography TTV, Warp/Bow, Layer thickness *FRT acquisition contribution
Slide 8: Strong Market Acceptance of New Products
Strong Market Acceptance of New Products September 2024 February 2025 Eagle G5 Hawk The Hawk will expand our TAM 5th generation of the Eagle platform Designed for Cutting Edge Advanced Packaging: Chiplets, HBM and Hybrid Bonding 40% Faster TPT Detecting 150 nanometer defects size 25% Higher Detectio
Slide 9: AI is Accelerating Structural Growth in HPC & Edge Infrastructure
AI is Accelerating Structural Growth in HPC & Edge Infrastructure $400B+ AI Infrastructure Growth Outpacing AI Datacenter / Server Farms Projected AI infrastructure • Hyperscaler AI capex at record levels spending by 2028 Traditional HPC • Double-digit growth in AI server 200 deployments 180 35–40%
Slide 10: The Acquisition of Visual Layer
The Acquisition of Visual Layer Strengthening our AI capabilities INTEGRATION NEW PRODUCTS Full integration of: Expand our offering by: VL’s technology developing an AI-based AI researchers & engineering software product line team to improve our software From a successful partnership to acquisition
Slide 11: New AI Capabilities Expand TAM
New AI Capabilities Expand TAM Advanced AI-based algorithms and software solutions In collaboration with Detection Metrology Classification Visual Layer Delivering breakthrough performance Higher Improved detection Reduced False Enhanced throughput sensitivity alarms measurement accuracy >$2B TAM in
Slide 12: CoWoS and similar technologies are key for HPC and AI
CoWoS and similar technologies are key for High Performance Computing and AI Known-good-die is key Source: Applied Materials, Inc. Most of the wafers used for HPC are measured and inspected on Camtek tools 13 Copyright of Camtek Ltd© 2026. All rights reserved
Slide 13: Strong Market Growth for CoWoS (and like) Packages
Strong Market Growth for CoWoS (and like) Packages CoWoS and CoWos like Applications today AI inferencing and training Server High end PCs GPU for Gaming Telecom network switch Future applications Automotive Mobile General computing Source: TechSearch, Aug. 2024 Projected 51% 2025-2029 CAGR 14 Copyr
Slide 14: Well Positioned to Benefit from AI Technology Trends
Well Positioned to Benefit from AI Technology Trends Chiplet and HBM Manufacturers Inspection & Metrology Players Edge technology with a few OSATS (slowly moving in) players Numerous High inspection & resolution Metrology inspection & Steps Metrology AI > 25% Growth 15 Copyright of Camtek Ltd© 2026.
Slide 15: Financial Overview
Financial Overview 16 Copyright of Camtek Ltd© 2026. All rights reserved
Slide 16: Track Record of Growth and Profitability
Track Record of Growth and Profitability Revenue Operating Income and Margin* Net Income per Diluted Share* ($ in millions) ($ per share) ($ in millions) 30% 30% 28% 26% 17% $149 $3.26 $496 $2.83 $429 $130 $321 $315 19 $92 $83 $1.88 $1.96 $270 18% % $77 $1.59 11% $134 $156 $93 $123 $22 $25 $27 $0.27
Slide 17: Q2-26 Highlights
Q2-26 Highlights Revenue Operating Income Gross Margin $133.2M $36M 51.4% $600M order 1-7/26; Expects strong second half
Slide 18: Quarterly Performance (NON-GAAP)
Quarterly Performance (NON-GAAP) Revenue ($M) 133.2 128.1 126.0 123.3 121.7 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Operating Margin Headcount 764 30.3% 29.9% 725 28.6% 709 27.0% 697 698 25.5% Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26
Slide 19: Target Model
Target Model assuming substantially organic growth Revenue ($ millions) Gross Margin (%) Operating Margin (%) $750m 54-55% 33-35% 51-52% 30% ~$500m 48% 26% $315m 2023 Current* Target Model 2023 Current* @$750m 2023 Current* @$750m Run Rate Drivers: Increased demand for AI Drivers:, increased softwar
Slide 20: Selected Balance Sheet Data
Selected Balance Sheet Data ($ in millions) 6/30/26 12/31/25 (Unaudited) (Audited) Cash & Deposits (1) $816 $851 Trade Account Receivables, net 154 91 Inventory 117 128 Fixed Assets 69 65 Intangible Assets + Goodwill 129 84 Current Liabilities 125 107 Convertible Notes, Net 488 520 Total Balance She
Slide 21: Key Takeaways
Key Takeaways Positioning 300 customers, 70% of our business is Tier1 Technology Supporting the most challenging applications in our market Leading provider for the HPC market - rapidly expanding our Market TAM Financials Leverage in our model with strong balance-sheet 2026 should be a growth year a
Slide 22: Thank You
Thank You info@camtek.com www.camtek.com 23 Copyright of Camtek Ltd© 2026. All rights reserved
Slide 23: Appendix
Appendix 24 Copyright of Camtek Ltd© 2026. All rights reserved
Slide 24: Reconciliation from GAAP to Non-GAAP
Reconciliation from GAAP to Non-GAAP $ in millions (except per share FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 data) Revenue $155.90 $269.70 $320.9 $315.4 $429.2 $496.1 Net income (GAAP) $21.8 $60.30 $79.9 $78.6 $118.5 $50.7 (1) In October 2023, the Company completed the acquisition of FRT. In the f
Slide 25: Reconciliation from GAAP to Non-GAAP (cont'd)
Reconciliation from GAAP to Non-GAAP (cont’d) $ in millions (except per share data) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Gross profit (GAAP) $73.3 $137.3 $159.9 $147.6 $210.0 $250.0 % of revenue 47.00% 50.90% 49.80% 46.80% 48.90% 50.4% Share based compensation 0.4 0.6 1.2 1.6 2.2 2.8 Acquisitio