Israel's Eltek Q1 revenue falls on currency, logistical challenges

Eltek

19/05/2026 12:38

Overview

Israel printed circuit board maker's Q1 revenue declined yr/yr amid currency and logistical challenges

Company posted Q1 net loss as late backlog phasing and security disruptions weighed on results

Order backlog grew but timing and temporary logistical constraints impacted Q1 performance

Outlook

Eltek expects to convert its growing order backlog into revenue in coming periods

Company expects gradual improvement in operational conditions as logistical challenges are addressed

Result Drivers

CURRENCY IMPACT - Co said sharp depreciation of USD vs. Israeli shekel increased expenses and materially impacted operating results

SECURITY DISRUPTIONS - Co said challenging security environment in Israel caused temporary disruptions and reduced operational availability

BACKLOG PHASING & LOGISTICS - Co said late phasing of order backlog and temporary logistical constraints contributed to Q1 results, per CEO Eli Yaffe

Company press release: ID:nPn1H6tlQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$10.44 mln
Q1 Net Income
-$2.85 mln
Q1 EBITDA
-$2.70 mln
Q1 Gross Profit
-$1.85 mln
Q1 Operating Income
-$3.27 mln
Q1 Pretax Profit
-$3.36 mln


Analyst Coverage

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)