Eltek Ltd
Electrical Equipment
Eltek Ltd (ELTK) Stock News
The latest ELTK headlines and market coverage — 1 recent story, updated throughout the day.
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Eltek (ELTK) Q1 2026 Earnings Call Transcript
Eltek reported Q1 2026 results showing significant operational challenges with revenue declining to $10.4M from $12.8M, a gross loss of $1.9M versus prior year profit of $2.2M, and net loss of $2.9M ($0.42/share). The company cited backlog timing, logistics constraints, foreign exchange headwinds from USD weakness against the Israeli shekel, and elevated fiberglass costs driven by AI infrastructure demand. Despite challenges, backlog more than doubled with large orders scheduled through 2027. Management expects normalized gross margins of 26-28% and revenues of $60-65M annually once production line installation completes and operational conditions stabilize.