Eltek Receives Purchase Orders Totaling $12.2 Million

Rhea-AI Summary

Eltek (NASDAQ: ELTK) received purchase orders totaling $12.2 million from an American defense customer, with deliveries scheduled throughout 2026 and 2027. The products will be incorporated into a U.S. defense project, supporting Eltek's strategic goal to expand its high value-added presence in the U.S. market.

Positive

• $12.2M in confirmed purchase orders
• Deliveries scheduled across 2026–2027, providing multi-year revenue visibility
• U.S. defense customer aligns with strategic U.S. market expansion

Negative

• None.

Key Figures

Defense purchase orders: $12.2 million Delivery period start: 2026 Delivery period end: 2027

3 metrics

Defense purchase orders $12.2 million Orders from an American defense customer

Delivery period start 2026 Products to be delivered throughout 2026 and 2027

Delivery period end 2027 Products to be delivered throughout 2026 and 2027

Market Reality Check

Price: $8.45 Vol: Volume 16,983 is 5.51x th...

high vol

$8.45 Last Close

Volume Volume 16,983 is 5.51x the 20-day average of 3,084, indicating elevated pre-news activity. high

Technical Shares at 8.45 are trading below the 200-day MA of 9.96, reflecting a weaker intermediate trend.

Peers on Argus

While ELTK was down 3.24% pre-news, peers showed mixed moves: DSWL down 2.44%, N...

While ELTK was down 3.24% pre-news, peers showed mixed moves: DSWL down 2.44%, NEON up 6.43%, WBX up 2%, LINK up 1.92%, and OPTX up 0.35%, suggesting stock-specific dynamics rather than a broad sector swing.

Historical Context

4 past events · Latest: Nov 18 (Negative)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Nov 18	Quarterly earnings	Negative	-20.0%	Q3 2025 results showed weaker margins and a net loss vs prior year.
Nov 10	Earnings call scheduling	Neutral	+2.0%	Announcement of Q3 2025 release date and conference call logistics.
Aug 25	Defense order win	Positive	+2.1%	New <b>$2.4M</b> orders from an Israeli defense company for PCB components.
Aug 14	Quarterly results	Positive	+0.3%	Strong Q2 2025 revenue growth and margin expansion despite currency headwinds.

Pattern Detected

Across recent events, share-price reactions generally aligned with the underlying news tone, including a sharp selloff on weaker Q3 2025 results and modest gains on order wins and stronger quarters.

Recent Company History

Over the last few quarters, Eltek reported mixed financial performance and ongoing defense demand. Q2 2025 results on Aug 14 showed stronger revenues and margins with a mildly positive price reaction, while Q3 2025 results on Nov 18 highlighted profit pressure and drew a -20% response. A $2.4M defense order on Aug 25 saw shares edge higher. Today’s $12.2M U.S. defense order continues this defense-driven booking trend.

Market Pulse Summary

This announcement highlights a substantial $12.2M order from a U.S. defense customer, extending deli...

Analysis

This announcement highlights a substantial $12.2M order from a U.S. defense customer, extending deliveries through 2026–2027 and supporting Eltek’s focus on defense and U.S. market expansion. Recent history shows meaningful defense demand, including prior orders of $2.4M, alongside mixed profitability trends. Investors may watch how this backlog converts into margins versus past quarters, and how currency impacts and capacity investments affect overall earnings quality.

Key Terms

printed circuit boards

1 terms

printed circuit boards technical

"manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards"

Printed circuit boards (PCBs) are thin boards that hold and connect electronic parts, using copper paths like tiny roads to guide electricity between components such as chips and sensors. They matter to investors because PCBs are core building blocks of nearly all electronic products — their design, quality, and supply affect production costs, product reliability, and the ability of companies to scale or meet demand, which in turn influences sales, margins and risk exposure.

AI-generated analysis. Not financial advice.

PETACH TIKVA, Israel, Feb. 9, 2026 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today that it received orders totaling $12.2 million from an American defense customer. The products are to be delivered throughout 2026 and 2027 and will subsequently be incorporated as part of a defense project.

"We are particularly pleased with this win, as the customer is a U.S.-based client. This aligns with our strategic objective of expanding our presence in the U.S. market with high value-added products," commented Eli Yaffe, CEO of Eltek.

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 impact of the Coronavirus on the economy and our operations, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission. Any forward-looking statements set forth in this press release speak only as of the date of this press release. The information found on our website is not incorporated by reference into this press release and is included for reference purposes only.

Investor Contact

Ron Freund
Chief Financial Officer
Investor-Contact@nisteceltek.com
+972-3-939-5023

Logo: https://mma.prnewswire.com/media/881148/5208248/Eltek_Logo.jpg 

View original content:https://www.prnewswire.com/news-releases/eltek-receives-purchase-orders-totaling-12-2-million-302682502.html

SOURCE Eltek Ltd.

FAQ

What did Eltek (ELTK) announce on February 9, 2026 about new orders?

Eltek announced it received $12.2 million in purchase orders from a U.S. defense customer. According to the company, the products will be delivered throughout 2026 and 2027 and incorporated into a defense project, supporting multi-year shipment visibility.

How will the $12.2M orders affect Eltek's (ELTK) 2026–2027 revenue timing?

The orders are scheduled for delivery across 2026 and 2027, spreading recognized revenue over two years. According to the company, this staging provides revenue visibility and aligns production and delivery timelines with the defense project schedule.

Who is the customer for Eltek's (ELTK) $12.2M orders and what is the project use?

The orders come from an American defense customer and will be part of a defense project. According to the company, the delivered printed circuit boards will be incorporated into that defense program across 2026 and 2027.

Does the Eltek (ELTK) announcement indicate strategic benefits from the U.S. defense order?

Yes. The company said the U.S. defense win supports its strategy to expand high value-added presence in the U.S. market. According to the company, the contract reinforces entry into U.S. defense supply chains and market positioning.

When will Eltek (ELTK) deliver the products from the $12.2M purchase orders?

Deliveries are scheduled throughout 2026 and 2027, spanning two years. According to the company, the timeline reflects planned production and integration into the customer’s defense project across that period.