Eltek is burning cash operationally while investing in capacity — monitor Q3 results for signs of manufacturing stabilization and plating-line qualification. The absence of guidance and ongoing 'transition' language suggests risk of further losses; watch for potential liquidity needs if the cash position ($9.4M) erodes.
Price Chart
Executive Summary
Eltek Ltd. reported Q2 2026 results: revenue fell 8% YoY to $11.5M, gross profit swung to a $1.0M loss from $3.0M profit, and net income reversed to a $2.7M loss ($0.41/share) from $0.4M profit a year ago. CEO attributes the deterioration to an ongoing manufacturing stabilization and ERP implementation, with no timeline for return to profitability.
Key Facts
- Q2 2026 revenue $11.5M vs $12.5M YoY (-8.0%)
- Gross loss of $1.0M vs $3.0M gross profit in Q2 2025 (negative swing of $4.0M)
- Operating loss $2.5M vs operating profit $1.5M in Q2 2025
- Net loss $2.7M ($0.41/share) vs net income $0.4M ($0.05/share) in Q2 2025
- H1 2026 revenue $22.0M vs $25.3M (-13.0%)
- H1 2026 net loss $5.6M ($0.83/share) vs net profit $1.4M ($0.20/share)
- EBITDA loss $1.9M in Q2 vs EBITDA $2.0M in Q2 2025
- Operating cash flow positive at $0.7M in Q2 (vs -$2.9M in Q2 2025)
- Cash and equivalents $9.4M at June 30, 2026 vs $2.5M at Dec 31, 2025
- Shareholders' equity declined to $44.4M from $46.7M
- Accumulated deficit worsened to $6.7M from $1.1M at Dec 31, 2025
Financial Impact
Revenue decline of $1.0M (8%) and swing from $3.0M gross profit to $1.0M gross loss in Q2; net income reversal from +$0.4M to -$2.7M. H1 accumulated deficit reached $6.7M.
Risk Factors
- Continued operating losses could deplete cash reserves below $9.4M
- Manufacturing stabilization and ERP implementation may take longer than expected
- No timeline provided for return to profitability
- Currency exposure: financial expenses from USD/NIS volatility ($0.7M in Q2)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-004176 |
| Document: zk2635980.htm | 0001178913-26-004176 |
| Document: 0001178913-26-004176-index-headers.html | 0001178913-26-004176 |
| Document: 0001178913-26-004176-index.html | 0001178913-26-004176 |
| Document: 0001178913-26-004176.txt | 0001178913-26-004176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 6-K | $8.00 $7.51 | ▼ −6.19% | ▼ −6.05% | $6.59 (−17.62%) |
Sep 9, 2026 6w ago | 6-K | $8.15 $8.65 | ▲ +6.09% | ▲ +6.42% | $6.59 (−19.14%) |
Aug 18, 2026 9w ago | 6-K | $8.02 $8.00 | ▲ +0.25% | ▲ +0.05% | $6.59 (+17.83%) |
Aug 18, 2026 9w ago | Press Release | $8.02 $8.00 | ▲ +0.25% | ▲ +0.05% | $6.59 (+17.83%) |
Aug 11, 2026 10w ago | 6-K | $8.58 $8.02 | ▼ −6.52% | ▼ −6.11% | $6.59 (−23.19%) |
Jun 29, 2026 17w ago | 6-K | $9.50 $9.30 | ▼ −2.11% | ▼ −2.71% | $6.59 (−30.63%) |
May 19, 2026 22w ago | 6-K | $7.89 $8.74 | ▼ −10.77% | ▼ −8.48% | $6.59 (+16.48%) |
May 7, 2026 24w ago | 6-K | $8.24 $7.75 | ▼ −5.95% | ▼ −7.45% | $6.59 (−20.02%) |
Apr 1, 2026 29w ago | 6-K | $8.30 $7.93 | ▼ −4.46% | ▼ −8.22% | $6.59 (−20.60%) |
Mar 26, 2026 30w ago | 6-K | $8.34 $8.30 | ▼ −0.48% | ▼ −4.34% | $6.59 (−20.98%) |
US Market Status
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