Eltek
Eltek Ltd. is an Israeli manufacturer of high-reliability, complex printed circuit boards—including flex-rigid, rigid multi-layer, HDI, and Teflon/PTFE boards—serving defense, aerospace, medical, telecom, and industrial customers globally under ITAR and Nadcap certifications.
- Company typePublic
- Founded1970
- HeadquartersPetah Tikwah, Israel
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Eltek does
Eltek Ltd. is an Israeli manufacturer of complex, high-reliability printed circuit boards (PCBs) founded in 1970 and listed on NASDAQ under ticker ELTK. The company is majority-owned (56.6%) by Nistec Golan Ltd., with its single production facility located in Petach Tikvah, Israel, and a sales/engineering subsidiary (Eltek USA Inc.) operating in Englewood, NJ. Eltek serves defense, aerospace, medical, HSD&RF (high-speed digital and RF/telecom), industrial, and space customers globally, with a stated base of over 300 customers. It is the only production plant in Israel holding both PLATINUM MARK (Israel Standards Institute) and Nadcap accreditation, with additional compliance under ISO-9100, AS9100, ISO 9001/14001/45001/50001, and ITAR & EAR.
Eltek's core product set spans flex-rigid PCBs (where it claims world-leader status), multi-layer rigid PCBs, HDI (High Density Interconnect) boards, flexible PCBs, and Teflon/PTFE hybrid boards for high-frequency applications. Differentiated technical capabilities include a custom-built DES (Develop/Etch/Strip) line achieving 2 mil Line/Space for Industry 4.0-compliant production, PTFE fusion bonding for RF/microwave applications, sequential lamination, and mixed material boards using low Dk/Low Df substrates for 5G and high-speed digital use cases. The company generates revenue through one-time, quote-based sales of custom-manufactured boards, with enterprise field sales from Israeli HQ, a direct US sales arm, and a distribution partnership with NCAB Group Italy in Europe. Pricing is not publicly disclosed; customers submit technical specifications via an online RFQ system. Reported FY2025 revenue was $51.8 million (+11% YoY), followed by a softer Q1 2026 ($10.4 million, -18.5% YoY) with a $2.9 million net loss, against a backlog that approximately doubled versus year-end 2025.
Eltek firmographics
Firmographics- Name
- Eltek
- Legal name
- Eltek Ltd.
- Website
- https://nisteceltek.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Eltek Ltd. is an Israeli manufacturer of high-reliability, complex printed circuit boards—including flex-rigid, rigid multi-layer, HDI, and Teflon/PTFE boards—serving defense, aerospace, medical, telecom, and industrial customers globally under ITAR and Nadcap certifications.
- Ownership category
- akta.pro rank
Eltek industry classification
Industry- Product category
- High-End Printed Circuit Boards (PCBs)
- NAICS
- Bare Printed Circuit Board Manufacturing (334412)
- SIC
- Printed Circuit Boards (3672)
- akta.pro primary industry
- PCB Fabrication (Flex & Rigid-Flex PCBs) (HDAHAOAH)
- akta.pro secondary industries
- PCB Fabrication (Rigid PCBs) (HDAHAOAG), Printed Electronics & Advanced Substrates (HDI, IC Substrates, Embedded Components) (HDAHAOAK)
Keywords
Where Eltek is headquartered
LocationHeadquarters
- HQ city
- Petah Tikwah
- HQ country
- Israel
- HQ region
- Middle East
Offices3 records
Markets served
Eltek business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- PCB Manufacturing and Sales: Manufacturing and selling high-reliability complex printed circuit boards including flex-rigid, rigid multi-layer, HDI, and flex PCBs to defense, aerospace, medical, and industrial customers. Revenue is generated through one-time product sales with deliveries spanning quarters.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Custom quote-based pricing for PCBs |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Eltek product offering
Product offeringCore offering
Eltek is a manufacturer of complex printed circuit boards (PCBs), specializing in high-reliability flex-rigid PCBs, rigid multi-layer boards, HDI boards, flex PCBs, and Teflon/hybrid boards for high-frequency applications. The company serves defense, aerospace, medical, industrial, and telecommunications infrastructure customers globally from its manufacturing facility in Israel and sales subsidiary in the United States.
Product overview
Eltek is a leading global manufacturer of complex Rigid and Flex-Rigid Printed Circuit Boards (PCBs), operating as a Nasdaq-listed Israeli company established in 1970. The company's product portfolio centers on high-reliability PCB manufacturing, with core offerings including Flex Rigid PCBs, Rigid Multi-Layer PCBs, HDI (High Density Interconnect) boards, Flex PCBs, and Teflon/Hybrid Boards. Eltek serves demanding sectors including Military/Defense, Space/Aerospace, Healthcare/Medical, and Industrial applications. The company also offers specialized capabilities such as Teflon (PTFE) Fusion Bonding and custom Special Solutions for unique customer requirements. Eltek's technology platform includes sequential lamination, fine line etching (down to 2 mil Line Space), and advanced plating capabilities to support miniaturization and high-frequency applications. The company operates with over 300 employees and maintains global distribution across North America, Europe, India, South Africa, and South America.
Differentiator
Problem solved
Functional benefit
Products and services
- Flex Rigid PCB Flex Rigid PCBs combining rigid and flexible circuit board technologies in a single structure, suitable for complex applications in defense, aerospace, and medical industries requiring high reliability and miniaturization.
- Rigid Multi-Layer PCB Multi-layer rigid printed circuit boards manufactured with advanced capabilities for high-reliability applications in defense, aerospace, and medical sectors.
- HDI (High Density Interconnect) PCB High Density Interconnect PCBs enabling miniaturization with fine line spacing, via-in-pad, and sequential lamination capabilities for advanced electronic applications.
- Flex PCB Flexible printed circuit boards including multi-flex configurations for applications requiring dynamic flexing, compact packaging, and lightweight solutions.
- Teflon & Hybrid Boards High-frequency PCBs using PTFE (Teflon) materials and hybrid configurations optimized for RF, microwave, and 5G applications requiring low Dk/low Df characteristics.
- Teflon (PTFE) Fusion Bonding Advanced PTFE fusion bonding technology for manufacturing high-performance RF and microwave circuit boards with superior electrical properties.
- Special Solutions (Custom PCBs) Custom PCB solutions designed for unique customer requirements, including specialized materials, complex geometries, and application-specific configurations.
Quantifiable outcome
- 11% revenue growth in 2025 to $51.8 million
- +2 more outcomes
Companies that use Eltek
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Eltek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Eltek partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- NCAB Group ItalyminorDistribution agreement with NCAB Group Italy for reselling and distributing Eltek PCBs in the Italian market.
- EricssoncoreTier-1 telecom OEM partner for power electronics systems. Eltek provides high-reliability power electronics solutions for telecommunications infrastructure including 5G base stations, data centers, and edge computing applications.
- NokiacoreTier-1 telecom OEM partner for power electronics systems. Strategic positioning for 5G network expansion with high-efficiency power solutions exceeding 96% efficiency.
Scale indicators12 records
Recent moves13 records
Expansion highlights5 records
Eltek competitors and assessment
Company assessmentDirect peers
- TTM Technologies: Largest US-based PCB manufacturer with a significant Aerospace & Defense segment producing complex rigid, flex, and rigid-flex PCBs. Most directly comparable to Eltek given overlapping product portfolio (HDI, rigid multi-layer, flex-rigid) and shared defense/aerospace customer base.
- APCT: US-based PCB manufacturer specializing in high-reliability, high-mix, low-to-medium volume PCBs for defense, aerospace, and medical customers. Closely aligned with Eltek's niche high-reliability, mission-critical focus and ITAR-compliant business model.
- Summit Interconnect: US-based PCB manufacturer focused on complex rigid, flex, and rigid-flex PCBs for aerospace, defense, and medical applications. Directly comparable to Eltek in product mix, end-market focus, and certification profile (AS9100, Nadcap, ITAR).
- Calumet Electronics: US PCB manufacturer focused on high-reliability PCBs for defense, aerospace, and medical customers with domestic manufacturing emphasis. Comparable to Eltek in mission-critical niche focus and US defense supply-chain positioning.
- IEC Electronics: US-based provider of PCB assembly and electronic manufacturing services primarily for defense, aerospace, and medical customers. Comparable to Eltek in defense end-market focus and ITAR-compliant operations.
Broad incumbents
- AT&S: Austrian-headquartered global PCB manufacturer and a leader in HDI, IC substrates, and advanced substrates for high-end applications including 5G, automotive, and medical. Comparable to Eltek in HDI and advanced flex-rigid capabilities but at substantially larger scale.
- Multek (Flex Ltd.): Global PCB and interconnect solutions business within Flex Ltd., serving high-end applications including communications infrastructure. Comparable to Eltek in telecom and flex/HDI PCB capabilities, though Multek operates at much larger scale across consumer and enterprise markets.
- Sanmina: Global integrated manufacturing solutions provider offering PCB fabrication plus full EMS for aerospace, defense, medical, and communications customers. Comparable to Eltek in defense/aerospace/medical PCB focus but with substantially broader scale and end-to-end assembly.
- Unimicron Technology: Taiwan-based global PCB leader in HDI, IC substrates, and high-layer-count boards for smartphones, networking, and automotive applications. Comparable to Eltek in HDI/advanced substrate capabilities but at vastly larger scale.
- Zhen Ding Technology: Largest global PCB manufacturer by revenue, with leading positions in flex PCBs and HDI substrates for smartphones, networking, and high-end applications. Comparable to Eltek in flex and HDI capabilities but operates at multibillion-dollar scale with broader end-market exposure.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Eltek social profiles
Digital presenceEltek compliance and trust
Trust signalCompliance8 records
Eltek financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eltek leadership team
Management profileNumber of profiles
Profiles7 records
Eltek subsidiaries and ownership
Company hierarchySubsidiaries1 record
Eltek funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eltek M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eltek
What does Eltek do?
Eltek is a manufacturer of complex printed circuit boards (PCBs), specializing in high-reliability flex-rigid PCBs, rigid multi-layer boards, HDI boards, flex PCBs, and Teflon/hybrid boards for high-frequency applications. The company serves defense, aerospace, medical, industrial, and telecommunications infrastructure customers globally from its manufacturing facility in Israel and sales subsidiary in the United States.
Is Eltek a public or private company?
Eltek is a public company. It is classified as public and is currently operating.
When was Eltek founded?
Eltek was founded in 1970. It employs 251 to 500 people.
Where is Eltek based?
Eltek is headquartered in Petah Tikwah, Israel, in the Middle East region.
How does Eltek make money?
One revenue line is on record: PCB Manufacturing and Sales.
Who are Eltek's main competitors?
Direct peers on record are TTM Technologies, APCT, Summit Interconnect, Calumet Electronics and IEC Electronics. Broad incumbents are AT&S, Multek (Flex Ltd.), Sanmina, Unimicron Technology and Zhen Ding Technology.
Does Eltek have an API?
No public API is recorded for Eltek.
What industry is Eltek in?
Eltek's product category is High-End Printed Circuit Boards (PCBs). Its primary akta.pro industry code is HDAHAOAH, PCB Fabrication (Flex & Rigid-Flex PCBs), with a secondary code of HDAHAOAG, PCB Fabrication (Rigid PCBs). Its NAICS code is 334412 and its SIC code is 3672.