ELTK

This article first appeared on GuruFocus. Revenue: $10.4 million in Q1 2026, down from $12.8 million in Q1 2025. Gross Loss: $1.9 million, compared to a gross profit of $2.2 million in Q1 2025. Operating Loss: $3.3 million, compared to an operating profit of $0.7 million in Q1 2025. Net Loss: $2.9 million or $0.42 per share, compared to net income of $1.0 million or $0.15 per share in Q1 2025. EBITDA Loss: $2.7 million, compared to EBITDA of $1.2 million in Q1 2025. Cash Flow Used in Operating Activities: $0.4 million in Q1 2026. Cash and Cash Equivalents: $11.1 million as of March 31, 2026, with no outstanding debt. Warning! GuruFocus has detected 5 Warning Signs with ELTK. Is ELTK fairly valued? Test your thesis with our free DCF calculator. Release Date: May 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Eltek Ltd (NASDAQ:ELTK) reported a significant increase in backlog, more than doubling compared to the beginning of the year, providing strong revenue visibility for future growth. The company is actively managing supply chain challenges by updating pricing structures and securing supply continuity through allocation quotas. Eltek Ltd (NASDAQ:ELTK) has made progress in its investment plan, with the first new production line delivered and partially installed, aiming to expand production capacity. The company is focusing on securing new orders at pricing levels that reflect increased raw material costs and currency fluctuations, aiming for long-term profitable growth. Eltek Ltd (NASDAQ:ELTK) is strategically investing in operational improvements and supply chain stability to support future growth and strengthen its competitive position in the market. Revenues for the first quarter of 2026 were $10.4 million, down from $12.8 million in the first quarter of 2025, reflecting a decline in sales. The company reported a gross loss of $1.9 million, compared to a gross profit of $2.2 million in the same period last year, due to backlog conversion timing and logistic constraints. Eltek Ltd (NASDAQ:ELTK) faced an operating loss of $3.3 million, a significant decline from an operating profit of $0.7 million in the first quarter of 2025. The devaluation of the US dollar against the Israeli shekel had a significant negative impact, increasing operational loss by approximately $1.3 million. Logistical challen...

Image source: The Motley Fool. Tuesday, May 19, 2026 at 8:30 a.m. ET Chief Executive Officer — Eli Yaffe Chief Financial Officer — Ron Freund Eli Yaffe: Thank you. Good morning. Thank you for joining us for our 2026 first quarter earnings call. With me is Ron Freund, our Chief Financial Officer. We will begin by providing you with an overview of our business and a summary of the principal factors that affected our results during Q1 2026. After our prepared remarks, we will be happy to answer any of your questions. By now, everyone should have access to our press release, which was released earlier today. The release will be also available on our website. As we previously indicated, revenue in the quarter were below our expectations. This was primarily driven by the mix of timing of backlog conversion, ongoing logistic constraints and foreign exchange impact rather than any change in the underlying demand. The product mix in the quarter was primarily a function of a backlog release timing rather than any change in price discipline, customer quality or market positioning. During the quarter, a larger portion of our shipments originated from the orders received in the prior period at lower average pricing levels, while a significant portion of the higher-value programs and advanced products added more recently to the backlog are scheduled for the delivery later in the year and into the year 2027. In addition, due to the supply chain and material allocation constraints, we prioritized certain deliveries in order to maintain customers' commitments and production continuity, which also impacted our quarterly mix. As a result, the average selling price of products delivered during the quarter declined, negatively impact profitability. We believe that the current quarter does not reflect the normalized margin profile of the business going forward. Important underlying remain. During the quarter, our backlog more than doubled compared to the beginning of the year. This increase includes the 2 orders we publicly announced with deliveries expected across 2026 and 2027. We believe this substantial backlog growth our revenue visibility and provides a strong foundation for future growth so the timing of revenue recognition may continue to vary between quarters. [Technical Difficulty] Due to the ongoing complexity and global [Technical Difficulty] that affected our ability...

PETACH TIKVA, Israel, May 19, 2026 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a leading global manufacturer of high-quality printed circuit boards, today announced its financial results for the quarter ended March 31, 2026. First Quarter 2026 Highlights Revenues of $10.4 million Operating loss of $1.9 million Net loss of $2.9 million or $0.42 per fully diluted share Net cash used in operating activities amounted to $0.4 million. The continuous sharp depreciation of the U.S. dollar against the Israeli shekel had a material impact on the Company's operating results. This currency movement increased the Company's shekel-denominated expenses when translated into U.S. dollars, resulting in an increase of approximately $1.3 million in reported NIS-based operating expenses, compared to the first quarter of 2025. In addition, the Company's operations during the quarter were affected by the challenging security environment in the region, including temporary disruptions to regular work routines and reduced operational availability at certain times. "As we indicated in April 2026, our operating results for the quarter were adversely affected by the late phasing of the Company's order backlog during the quarter, although our backlog has grown significantly. In addition, we experienced certain temporary logistical constraints, which contributed to the results for the quarter," said Eli Yaffe, CEO of Eltek. "The continued growth in our order backlog reflects the underlying strength in demand for our products. While the timing of backlog execution impacted our results in the first quarter, we remain confident in our ability to convert this backlog into revenue over the coming periods. At the same time, we are actively addressing the logistical challenges and expect conditions to improve gradually," concluded Mr. Yaffe. First Quarter 2026 GAAP Financial Results Revenues for the first quarter of 2026 were $10.4 million, compared to $12.8 million in the first quarter of 2025. Gross loss for the first quarter of 2026 was $1.9 million compared to gross profit of $2.2 (17% of revenues) in the first quarter of 2025. Operating loss for the first quarter of 2026 was $3.3 million compared to operating profit of $0.7 million in the first quarter of 2025. Net loss for the first quarter of 2026 was $2.9 million or $0.42 per fully diluted share compared to net income of $1.0 million or...

Interested in Eltek Ltd.? Here are five stocks we like better. Eltek’s first quarter 2026 results weakened sharply, with revenue falling to $10.4 million from $12.8 million a year earlier and the company swinging to a net loss of $2.9 million. Gross profit also turned into a $1.9 million gross loss, which management blamed on backlog timing, logistics issues, raw-material shortages and currency pressure. Backlog more than doubled from the start of the year, and management said underlying demand remains strong even though revenue recognition may be uneven quarter to quarter. Higher-value orders are expected to be delivered later in 2026 and into 2027, supporting future growth visibility. Supply-chain disruptions and a weak U.S. dollar continued to hurt operations, including constrained freight capacity, a global prepreg shortage and higher “AI prices” for fiberglass. Eltek also said the dollar’s decline versus the Israeli shekel hurt operating results by about $1.3 million, while installation of a new production line was delayed by conflict-related interruptions. Eltek (NASDAQ:ELTK) reported a sharp year-over-year decline in first-quarter 2026 results, with management attributing the weaker performance to backlog timing, logistics constraints, raw-material shortages and foreign exchange pressure rather than a change in underlying demand. Chief Executive Officer Eli Yaffe said revenue for the quarter came in below the company’s expectations, primarily because a larger share of shipments came from older orders booked at lower average pricing levels. He said higher-value programs and more advanced products added recently to the backlog are scheduled for delivery later in 2026 and into 2027. → Why Applied Optoelectronics Stock May Be Near a Turning Point “The product mix in the quarter was primarily a function of a backlog release timing, rather than any change in the price discipline, customer's quality, or market positioning,” Yaffe said. Chief Financial Officer Ron Freund said revenue for the first quarter totaled $10.4 million, down from $12.8 million in the first quarter of 2025. The company posted a gross loss of $1.9 million, compared with gross profit of $2.2 million in the prior-year period. → The Pentagon's AI Pivot Supercharges Defense Stocks Operating loss was $3.3 million, compared with operating profit of $0.7 million a year earlier. Eltek recorded...

Eltek Ltd. (NASDAQ:ELTK) shares fell 6.8% in premarket trading Tuesday after the printed circuit board manufacturer reported a first-quarter loss alongside weaker revenue and unfavorable currency movements. For the quarter ended March 31, 2026, the company posted a net loss of $2.9 million, or $0.42 per diluted share. Revenue totaled $10.4 million, representing an 18% decline from $12.8 million recorded in the first quarter of 2025. Eltek also reported an operating loss of $1.9 million, compared with operating profit of $0.7 million during the same period last year. The company said results were negatively affected by several factors, including the sharp decline of the U.S. dollar against the Israeli shekel, which increased shekel-based expenses by roughly $1.3 million compared with the prior-year quarter. Eltek also pointed to difficult security conditions in the region, which disrupted normal work routines and reduced operational availability. “Our operating results for the quarter were adversely affected by the late phasing of the Company’s order backlog during the quarter, although our backlog has grown significantly. In addition, we experienced certain temporary logistical constraints, which contributed to the results for the quarter,” said Eli Yaffe, CEO of Eltek. Adjusted EBITDA for the quarter showed a loss of $2.7 million, compared with positive EBITDA of $1.2 million in the first quarter of 2025. Despite the weaker performance, Eltek ended the quarter with a debt-free balance sheet and reported cash and short-term bank deposits totaling $11.1 million as of March 31, 2026. Eltek stock price

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue underperformance was primarily driven by the timing of backlog conversion and a product mix consisting of older orders with lower average selling prices. Profitability was severely impacted by the devaluation of the U.S. dollar against the Israeli shekel, resulting in an approximately $1.3 million increase in operational loss. Global logistics constraints, including reduced air freight capacity and chemical shipping restrictions, limited the company's ability to efficiently absorb fixed costs. Raw material shortages, specifically fiberglass, were exacerbated by high demand from the AI hardware infrastructure market, leading to supply allocation quotas. The company's backlog more than doubled since the start of the year, including two major orders from defense contractors, providing significant future revenue visibility. Operational efficiency was hampered by domestic conflict-related disruptions, including sirens and labor shortages, which impacted production hours. Management expects to return to normalized gross margins of 26% to 28% once the investment plan is complete and higher-value backlog is processed. The company targets annual revenue of $60 million to $65 million upon the full implementation of its new production lines and stabilization of the macro environment. Installation of the first new production line has resumed following a delay caused by the departure of foreign technicians; commercial production is expected to follow qualification. Pricing structures have been updated to reflect current raw material costs and currency devaluation, though management noted significant customer resistance to these increases. The company is actively pursuing foreign labor to mitigate local labor market challenges and support planned production growth. The conflict with Iran caused a 6-to-7-week delay in equipment installation as the supplier's technical team temporarily evacuated Israel. Currency volatility remains a primary risk, with management noting they cannot forecast or fully mitigate extreme shifts like the move to 2.9 ILS per dollar. To secure supply continuity for fiberglass, Eltek has opted to pay premium 'AI-level' prices to bypass standard allocation quotas. A portion of the current back...

PETACH-TIKVA, Israel, May 7, 2026 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a leading global manufacturer of high-quality printed circuit boards, announced today that it will release its financial results for the first quarter of 2026 before the market opens on Tuesday, May 19, 2026. Eltek's financial results will be released over the news wires and will be posted on its corporate website at: http://www.nisteceltek.com. On Tuesday, May 19, 2026, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results. The call will feature remarks by Eli Yaffe, Chief Executive Officer and Ron Freund, Chief Financial Officer. To participate, please call the following teleconference numbers. Please allow for additional time to connect prior to the call: United States: 1-866-860-9642 Israel: 03- 9180691 International: +972-3-9180691 At: 8:30 a.m. Eastern Time 5:30 a.m. Pacific Time 15:30 p.m. Israel Time A replay of the call will be available through the Investor Info section on Eltek's corporate website at http://www.nisteceltek.com approximately 24 hours after the conference call is completed and will be archived for 30 days. About Eltek Eltek – 'Innovation Across the Board', is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs) and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia. Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America. For more information, visit Eltek's web site at www.nisteceltek.com Investor Contact Ron Freund Chief Financial Officer [email protected] +972-3-939-5023 Logo: https://mma.prnewswire.com/media/881148/Eltek_Logo.jpg View original content:https://www.prnewswire.com/news-releases/eltek-sets-earnings-release-date-and-conference-ca...

PETACH TIKVA, Israel, April 1, 2026 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a leading global manufacturer of high-quality printed circuit boards, today announced that it has received purchase orders totaling approximately $5.3 million from an international customer. The orders are scheduled for delivery beginning in the second quarter of 2026, with the final shipment expected in September 2027. "We are pleased with this award, which supports our strategic objective of expanding our presence in international markets with high value-added products. It also reflects a growing focus in the market on securing medium-term supply," said Eli Yaffe, Chief Executive Officer of Eltek. Separately, the Company expects that its operating results for the first quarter of 2026 will be adversely affected due to a combination of a less favorable fulfillment of its order backlog and unexpected logistic issues, while the Company's backlog has approximately doubled compared to year-end 2025. The Company is actively addressing these factors and expects a gradual normalization of deliveries over time. About Eltek Eltek – "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs) and is an Israeli leading company in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high-quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia. Eltek was founded in 1970. The Company's headquarters, R&D, production and marketing center are located in Israel. Eltek also operates through its subsidiary in North America and by agents and distributors in Europe, India, South Africa and South America. For more information, visit Eltek's web site at www.nisteceltek.com Forward Looking Statement Some of the statements included in this press release may be forward-looking statements that involve a number of risks and uncertainties including, but not limited to expected results in future quarters, the impact of currency movements between the US Dollar exchange rate against the Israeli Shekel, the imp...

This article first appeared on GuruFocus. Annual Revenue: $51.8 million in 2025, an 11% increase from $46.6 million in 2024. Gross Profit: $8 million in 2025, down from $10.3 million in 2024. Gross Margin: 15% in 2025, compared to 22% in 2024. Operating Profit: $2.3 million in 2025, down from $4.4 million in 2024. Net Profit: $0.8 million or $0.12 per share in 2025, compared to $4.2 million or $0.63 per share in 2024. EBITDA: $4.5 million in 2025, compared to $5.9 million in 2024. Cash Flow from Operating Activities: $0.6 million in 2025, compared to $4.5 million in 2024. Cash and Cash Equivalents: $12.1 million as of December 31, 2025. Q4 Revenue: $13.2 million in Q4 2025, compared to $10.8 million in Q4 2024. Q4 Gross Profit: $1.2 million in Q4 2025, compared to $1.9 million in Q4 2024. Q4 Net Loss: $0.3 million or $0.05 per share in Q4 2025, compared to net profit of $23,000 in Q4 2024. Q4 EBITDA: $0.7 million in Q4 2025, compared to $0.8 million in Q4 2024. Warning! GuruFocus has detected 6 Warning Signs with ELTK. Is ELTK fairly valued? Test your thesis with our free DCF calculator. Release Date: March 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Eltek Ltd (NASDAQ:ELTK) reported a revenue increase of 11% in 2025, totaling $51.8 million, reflecting strong demand for its products. The company is targeting an annual revenue installed capacity of $60 million to $65 million, indicating potential for future growth. Eltek Ltd (NASDAQ:ELTK) is actively expanding its presence in overseas markets, particularly in the United States, to increase order volume. The company is making steady progress on its investment program, with new plating lines expected to significantly improve output and quality. Eltek Ltd (NASDAQ:ELTK) extended the lease agreement for its manufacturing facility through 2039, ensuring long-term operational stability. The depreciation of the US dollar adversely affected Eltek Ltd (NASDAQ:ELTK)'s profitability by approximately $2.2 million in 2025. Gross profit and gross margin declined in 2025, with gross margin dropping from 22% in 2024 to 15% in 2025. Operational challenges, including difficulties in recruiting and retaining experienced personnel, impacted production efficiency. The company faced significant operational constraints that affected its ability to meet customer deliver...

Revenue rose 11% to $51.8 million in 2025, but profitability fell sharply — gross margin dropped to 15% from 22% and full-year net profit fell to $0.8 million (Q4 posted a $0.3 million loss). Management attributed the margin pressure to operational disruption from reallocated production and staffing shortages, plus a weaker U.S. dollar that reduced dollar-reported profitability by about $2.2 million, with pricing updates expected to flow through over several months. Eltek is investing in two new plating lines (first arrived early 2026) that it expects will improve output, quality and margins as they are qualified through 2026, and is targeting annual capacity of $60–65 million at the current plant. Interested in Eltek Ltd.? Here are five stocks we like better. Eltek (NASDAQ:ELTK) reported higher revenue for 2025 but lower profitability as operational disruption, staffing challenges, and a weaker U.S. dollar weighed on margins, according to management’s comments on the company’s annual and fourth-quarter results conference call. Chief Executive Officer Eli Yaffe said 2025 revenue totaled $51.8 million, up 11% from 2024, reflecting strong demand and the company’s “strategic accelerated investment plan,” which he described as beginning to show results but “not yet its full potential.” He noted that when the accelerated investment plan was approved, Eltek was generating average annual revenue of about $37 million. → 3 European Stocks for Riding Out Market Volatility Yaffe reiterated the company’s target for installed capacity at the current plant, saying Eltek is aiming for annual revenue capacity of $60 million to $65 million at current market prices. Management said several factors affected 2025 performance, including internal production disruption tied to facility changes ahead of new equipment installation. Yaffe cited the “reallocation of the machinery and production lines within the facility” in preparation for installing new plating lines, which contributed to operational constraints and impacted the company’s ability to meet customer delivery schedules. → Credo Technologies Hits Bottom: Now Is the Time to Buy He added that demand exceeded domestic production capacity in Israel, which in turn “led to increased competition from overseas players seeking to capture a share of the local demand.” Still, the company said it continues to see strong demand from b...

Revenue growth of 11% was driven by strong demand for Western-made PCBs and the initial benefits of the company's accelerated investment program. Profitability was significantly impacted by a $2.2 million headwind caused by the depreciation of the U.S. dollar against the Israeli Shekel. Operational efficiency declined due to the physical reallocation of production lines to accommodate new plating equipment and the loss of experienced personnel through retirement. Management identified a capacity gap where domestic demand in Israel exceeded local production, leading to increased competition from overseas players. The company is actively recruiting foreign workers and engineers to address labor shortages and support the technical complexities of the expanded machinery base. A long-term lease extension through 2039 provides structural stability and includes a payment from the landlord that will modestly reduce future rental expenses. Management is targeting an annual revenue capacity of $60 million to $65 million at current market prices once the investment plan is fully realized. The first of two new plating lines is currently in the assembly phase, with completion expected by mid-2026, barring further delays from the regional conflict. A phased qualification process for the new production lines will span the remainder of 2026 to certify the full product portfolio. Margin recovery is contingent on stabilizing production processes and transitioning legacy lower-margin backlog to new pricing that reflects current exchange rates. Strategic focus is shifting toward expanding market share in the United States to capitalize on limited PCB manufacturing capabilities in Western countries. The ongoing conflict in Israel poses a risk of further delays to the installation and assembly of critical manufacturing equipment. A significant portion of the current order backlog was priced at higher historical exchange rates, which will suppress margins until these orders are fulfilled. The transition to new plating lines requires an extensive qualification period, which may create a temporary lag between installation and full capacity utilization. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the drop to continued currency depreciation and production...