Eltek Reports $5.3 Million Order and Provides Update on First Quarter 2026 Outlook

Eltek (NASDAQ: ELTK) received purchase orders totaling approximately $5.3 million from an international customer, with deliveries starting in Q2 2026 and final shipment expected in September 2027.

Rhea-AI Summary

Eltek (NASDAQ: ELTK) received purchase orders totaling approximately $5.3 million from an international customer, with deliveries starting in Q2 2026 and final shipment expected in September 2027.

The company said first-quarter 2026 operating results are expected to be adversely affected by less favorable backlog fulfillment and unexpected logistic issues, while its backlog has approximately doubled versus year-end 2025. Management expects a gradual normalization of deliveries over time.

Positive

• $5.3 million in purchase orders secured
• Deliveries scheduled from Q2 2026 through September 2027
• Order backlog approximately doubled versus year-end 2025

Negative

• Q1 2026 operating results expected to be adversely affected
• Less favorable fulfillment of backlog caused reduced near-term shipments
• Unexpected logistic issues disrupting deliveries

Argus Apr 1 session

+3.62% close to close Open Argus

Details

News Market Reaction – ELTK

In the Apr 1 session, ELTK gained 3.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines a new $5.3M order from an international customer with guidance that Q1 20...

Analysis

This announcement combines a new $5.3M order from an international customer with guidance that Q1 2026 results will be adversely affected by backlog mix and logistics. The backlog has approximately doubled versus year-end 2025, reinforcing demand seen in earlier orders like the $12.2M defense win. Investors may watch how quickly deliveries normalize, how margins evolve, and whether further operational updates accompany upcoming financial reports.

Key Figures

New purchase orders: $5.3 million Delivery start: Q2 2026 Final shipment: September 2027 +2 more

New purchase orders

$5.3 million

International customer orders announced for delivery starting Q2 2026

Delivery start

Q2 2026

Initial shipments under new $5.3M orders

Final shipment

September 2027

Expected completion of deliveries for the new orders

Backlog change

Approximately doubled

Order backlog compared to year-end 2025

Quarter affected

Q1 2026

Management expects operating results to be adversely affected

Historical Context

5 past events · Latest: Mar 26

5 events

1. Mar 26

   Annual report filing

   24h Move

   +1.2%

   Filing of 2025 annual report and audited financial statements.

2. Mar 09

   Full-year earnings

   24h Move

   -0.5%

   Reported 2025 revenue growth with lower profitability amid FX and transition impacts.

3. Mar 02

   Earnings date set

   24h Move

   -2.1%

   Announced timing and call details for Q4 and 2025 results release.

4. Feb 09

   Large defense orders

   24h Move

   +2.7%

   Received $12.2M in defense orders for delivery through 2026–2027.

5. Nov 18

   Q3 2025 earnings

   24h Move

   -20.0%

   Q3 2025 showed margin compression, net loss, and weaker profitability versus 2024.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

printed circuit boards

1 terms

printed circuit boards technical

"a leading global manufacturer of high-quality printed circuit boards, today announced"

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. How Rhea-AI works. Not financial advice.

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PETACH TIKVA, Israel, April 1, 2026 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a leading global manufacturer of high-quality printed circuit boards, today announced that it has received purchase orders totaling approximately $5.3 million from an international customer. The orders are scheduled for delivery beginning in the second quarter of 2026, with the final shipment expected in September 2027.

"We are pleased with this award, which supports our strategic objective of expanding our presence in international markets with high value-added products. It also reflects a growing focus in the market on securing medium-term supply," said Eli Yaffe, Chief Executive Officer of Eltek.

Separately, the Company expects that its operating results for the first quarter of 2026 will be adversely affected due to a combination of a less favorable fulfillment of its order backlog and unexpected logistic issues, while the Company's backlog has approximately doubled compared to year-end 2025. The Company is actively addressing these factors and expects a gradual normalization of deliveries over time.

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/Eltek_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/eltek-reports-5-3-million-order-and-provides-update-on-first-quarter-2026-outlook-302730514.html

SOURCE Eltek Ltd.

FAQ

What purchase orders did Eltek (ELTK) announce on April 1, 2026?

Eltek announced purchase orders totaling about $5.3 million. According to the company, orders are from an international customer with deliveries beginning in Q2 2026 and completing in September 2027.

When will Eltek (ELTK) deliver the $5.3 million order announced April 1, 2026?

Deliveries begin in Q2 2026 and the final shipment is expected in September 2027. According to the company, the schedule spans multiple production cycles to meet the customer timeline.

How did Eltek (ELTK) describe its backlog on April 1, 2026?

Eltek said its backlog has approximately doubled compared to year-end 2025. According to the company, the increase reflects stronger medium-term demand and recent large purchase orders.

Why does Eltek (ELTK) expect Q1 2026 results to be weaker?

The company expects Q1 2026 operating results to be adversely affected by less favorable backlog fulfillment and unexpected logistic issues. According to the company, these factors reduced near-term shipments and margins.

What is Eltek's (ELTK) plan to address the delivery disruptions reported April 1, 2026?

Eltek said it is actively addressing fulfillment and logistic issues and expects a gradual normalization of deliveries over time. According to the company, management is adjusting operations to restore planned shipment cadence.