Camtek CEO Amit Sees 45% Growth in Advanced Packaging

Camtek occupies a part of the AI supply chain that rarely makes headlines: the inspection and measurement of advanced chip packages. Because a single faulty chip can ruin an entire package, this quality-control step is essential, and Camtek is the dominant player in that niche with about 60% market share. The company's most recent quarter showed that about 80% of its orders came from advanced packaging inspection, driven by memory chip manufacturers transitioning to HBM4 and expanding production amid a memory shortage.

The demand signals are concrete. Camtek reported record quarterly revenue, and its CEO Rafi Amit said on the Q2 earnings call that its leading position should drive roughly 45% growth in the advanced packaging business in the second half of 2026 compared with the first half. Much of the orders coming in now are expected to be executed in 2027, suggesting a multi-year runway. On a broader scale, the advanced packaging inspection industry is projected to grow at an 11% compound annual rate to $6.2 billion over the next five years, up from $3.7 billion in 2026.

The stock has delivered strong long-term returns, but its high valuation recently led to a pullback. How the company converts its order book into revenue, and whether memory makers continue their HBM4 and capacity expansion plans, will determine if that growth materializes. For investors and supply-chain planners, Camtek offers a way to track AI demand beyond the largest chip names, though its premium valuation leaves little room for disappointment.