Eltek Ltd. Reports 2026 First Quarter Financial Results

Eltek Ltd. announced its financial results for the first quarter ended March 31, 2026. The company reported revenues of $10.4 million, a decrease from $12.8 million in the first quarter of 2025. The company experienced an operating loss of $1.9 million and a net loss of $2.9 million, or $0.42 per diluted share. This compares to an operating profit of $0.7 million and a net income of $1.0 million, or $0.15 per diluted share, in the first quarter of 2025. The company cited the depreciation of the U.S. dollar against the Israeli shekel and a challenging security environment as factors impacting its financial performance. The company also noted a significant increase in its order backlog, reflecting strong demand for its products, and expressed confidence in converting this backlog into revenue in the coming periods.