Eltek Q2 revenue drops 8% to $11.5 million
- Eltek reported Q2 2026 revenue of $11.5 million, down 8% from $12.5 million a year earlier.
- Net loss reached $2.7 million, or $0.41 per diluted share, compared with net income of $0.4 million in Q2 2025.
- Eltek continues investing in new production lines and an ERP system while ending June with $9.4 million in cash.
Eltek (NASDAQ:ELTK) reported Q2 2026 revenue of $11.5 million, down 8% year over year, while net loss reached $2.7 million.
The results compared with $12.5 million in revenue and $0.4 million in net income a year earlier, when gross margin was 24.1%.
Gross result swung to a $1 million loss from a $3 million profit, while operating results shifted to a $2.5 million loss from $1.5 million profit.
EBITDA was negative $1.9 million, while first-half revenue fell to $22.0 million and the six-month net loss reached $5.6 million.
Following the announcement, Eltek's share price was up 1.33% at $9.17 in premarket trading.
Eltek ended June with $9.4 million in cash and cash equivalents and generated $0.7 million of positive operating cash flow during the second quarter.
The printed circuit board manufacturer continues investing in new production lines and an ERP system as it expands production capabilities for defense, aerospace, medical and industrial customers.
