Israel's MTI Wireless Edge Q1 revenue rises on international demand

MTI Wireless Edge

26/05/2026 07:09

Overview

Israel RF solutions provider's Q1 revenue rose 6% yr/yr to $12.8 mln

Q1 EPS increased 18% to 1.40 US cents, net profit up 18% yr/yr

Antenna division revenue fell 20% on lower 5G backhaul sales in India

Outlook

MTI Wireless Edge expects to fulfill $9 mln in defence orders in 2026

Company says defence orders likely to remain key revenue driver in short to medium term

Company reports lengthy backlog of orders in Distribution & Consulting division for 2026

Result Drivers

WATER CONTROL & MANAGEMENT GROWTH - Mottech division revenue increased 19% in Q1, driven by higher demand from international markets, particularly North America, Italy and the Arabian Gulf

DISTRIBUTION & CONSULTING SERVICES - Revenue rose 20% in Q1, helped by new business wins and solid contributions from PSK and other parts of the division

ANTENNA DIVISION WEAKNESS - Antenna division revenue fell 20% yr/yr due to lower E-band 5G backhaul solution sales in India, though military antennas remained the main revenue contributor

Company press release: ID:nRSZ5447Fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$12.75 mln
Q1 EPS
$0.01
Q1 EBIT
$1.51 mln
Q1 Gross Profit
$4.28 mln
Q1 Pretax Profit
$1.37 mln


Analyst Coverage

Wall Street's median 12-month price target for MTI Wireless Edge Ltd is GBp95.00, about 55.7% above its May 22 closing price of GBp61.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)