ELBIT SYSTEMS (ESLT) Company Report

Elbit Systems Ltd. has been awarded contracts totaling approximately $210 million from the Israel Ministry of Defense.
These contracts are for the upgrade of Merkava Main Battle Tanks (MBTs), involving the renewal of electronic assemblies and enhancement of multiple onboard systems, to be performed over six years.
As of September 30, 2025, Elbit Systems reported $1,922 million in revenues for the three months ended that date and an order backlog of $25.2 billion.

Nov 19, 2025, 11:01 AM

6-K

Elbit Systems Reports Strong Q3 2025 Results with Record Backlog and Margin Expansion

ESLT

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Elbit Systems reported a 12% year-over-year increase in Q3 2025 revenues to $1,922 million and a non-GAAP diluted EPS of $3.35, marking its seventh consecutive quarter of double-digit growth.
The company achieved significant margin expansion, with non-GAAP gross margin reaching 25.2% and non-GAAP operating income at 9.7% of revenues in Q3 2025, alongside strong operating cash flow of $461 million for the nine months ended September 30, 2025.
The order backlog grew to a record $25.2 billion as of September 30, 2025, an increase of $3.1 billion year-over-year, driven by new orders including the largest contract in Elbit's history for approximately $2.3 billion and another $1.625 billion contract to a European country.
Elbit Systems is strategically expanding its presence in Europe with new facilities and actively pursuing M&A opportunities and border protection systems in the US market, while also noting growing interest in directed energy solutions.

Nov 18, 2025, 2:00 PM

Transcript

Elbit Systems Reports Strong Q3 2025 Results with Double-Digit Growth and Expanded Backlog

ESLT

Earnings

New Projects/Investments

Dividends

Elbit Systems (ESLT) reported Q3 2025 revenues of $1,922 million, marking a 12% year-over-year increase, and non-GAAP diluted EPS of $3.35, up from $2.21 in Q3 2024.
The company's order backlog grew to $25.2 billion as of September 30, 2025, an increase of $3.1 billion from Q3 2024, driven by significant new international contracts including a $2.3 billion international contract and a $1.625 billion European contract.
GAAP gross margin expanded to 24.9% and non-GAAP operating income reached 9.7% of revenues, attributed to improved backlog profitability and operational efficiencies.
A dividend of $0.75 per share was declared by the Board of Directors, payable on January 5, 2026. The company also highlighted its strategic focus on growth outside of Israel, particularly in Europe, and is exploring M&A opportunities in the US market.

Nov 18, 2025, 2:00 PM

Transcript

Elbit Systems Reports Strong Q3 2025 Results with Record Backlog and New Contracts

ESLT

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Elbit Systems reported Q3 2025 revenues of $1,922 million, a 12% year-over-year increase, and non-GAAP diluted EPS of $3.35, up from $2.21 in Q3 2024.
The company achieved its seventh consecutive quarter of double-digit growth in revenues, backlog, and EPS, with non-GAAP operating income expanding to 9.7% of revenues.
The order backlog reached $25.2 billion as of September 30, 2025, an increase of $3.1 billion from Q3 2024, primarily due to new European orders.
Elbit Systems secured its largest contract in history, valued at approximately $2.3 billion over eight years, alongside another $1.625 billion contract with a European country.
The Board of Directors declared a dividend of $0.75 per share to be paid on January 5, 2026.

Nov 18, 2025, 2:00 PM

Transcript

Elbit Systems Reports Strong Q3 2025 Results with Increased Revenue, Net Income, and Backlog

ESLT

Earnings

Revenue Acceleration/Inflection

Elbit Systems reported Q3 2025 revenues of $1,922 million , with GAAP net income attributable to shareholders of $133.4 million and Non-GAAP net income of $159.8 million.
GAAP diluted earnings per share were $2.80 and Non-GAAP diluted earnings per share were $3.35 for Q3 2025.
The company's order backlog totaled $25.2 billion as of September 30, 2025, with approximately 69% attributable to orders outside of Israel.
Cash flow provided by operating activities for the nine months ended September 30, 2025, significantly increased to $461.0 million, compared to $82.5 million in the prior year period.
The company experienced increased demand from the Israel Ministry of Defense due to Middle East conflicts, alongside supply chain disruptions, though operational effects have been reduced following ceasefires in October and June 2025.

Nov 18, 2025, 11:00 AM

6-K

Elbit Systems announces $2.3 billion international contract

ESLT

New Projects/Investments

Revenue Acceleration/Inflection

Elbit Systems Ltd. has signed an international contract for a strategic solution valued at approximately $2.3 billion.
The contract is scheduled to be performed over a period of eight years.
As of June 30, 2025, the company reported $1,973 million in revenues for the three months ended on that date and an order backlog of $23.8 billion.

Nov 17, 2025, 11:02 AM

6-K

Ammunition Market Forecast 2025-2033 Released

ESLT

New Projects/Investments

Revenue Acceleration/Inflection

The Ammunition Market is projected to grow from an estimated US$ 27.4 billion in 2024 to US$ 38.2 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 3.76% from 2025 to 2033.
Key growth drivers include growing interest in Precision-Guided Weapons (PGMs), increasing investments in Research & Development (R&D) by major manufacturers, and technological developments driven by global security concerns.
Significant challenges facing the market are limited political stability and market uncertainty, which can lead to unpredictable demand, and supply chain disruptions impacting the price and availability of vital raw materials.
Recent industry developments include a Memorandum of Understanding (MOU) signed in October 2024 between Hanwha and Ultra Intelligence & Communications to enhance global defense capabilities, and BAE Systems securing a USD 493 million deal in August 2024 to manufacture M992A3 ammunition carriers and M109A7 self-propelled howitzers until July 2026.

Nov 12, 2025, 4:48 PM

Press Release

Elbit Systems Announces Annual General Meeting Results

ESLT

Board Change

Auditor Change

Proxy Vote Outcomes

Elbit Systems Ltd. announced the results of its Annual General Meeting of Shareholders, which was held on October 29, 2025, with the results published on October 30, 2025.
Shareholders approved the re-election of seven non-"External Directors" to the Board and the re-election of Mrs. Bilha (Billy) Shapira for an additional three-year term as an External Director.
Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, was re-appointed as the Company’s independent auditor for the fiscal year ending December 31, 2025.
The company reported $1,973 million in revenues for the three months ended June 30, 2025, and an order backlog of $23.8 billion as of the same date.

Oct 30, 2025, 10:00 AM

6-K

Elbit Systems to Report Q3 2025 Financial Results

ESLT

Earnings

Elbit Systems Ltd. will publish its third quarter 2025 financial results on Tuesday, November 18, 2025.
A conference call to discuss these results will be hosted on November 18, 2025, at 9:00 am Eastern Time.
The company reported $1,973 million in revenues for the three months ended June 30, 2025, and an order backlog of $23.8 billion as of the same date.

Oct 27, 2025, 10:02 AM

6-K

Elbit Systems Reports Strong Q2 2025 Results and Declares Dividend

ESLT

Earnings

Revenue Acceleration/Inflection

Dividends

Elbit Systems reported revenues of $1,972.7 million for the second quarter of 2025, marking a 21% increase compared to the second quarter of 2024.
GAAP net income attributable to shareholders for Q2 2025 was $125.7 million, with GAAP diluted earnings per share of $2.69. Non-GAAP net income was $151.0 million, and non-GAAP diluted net earnings per share were $3.23, representing a 55% increase year-over-year.
The company's order backlog as of June 30, 2025, totaled $23.8 billion, with approximately 68% of the current backlog attributed to orders outside of Israel.
Elbit Systems was awarded new contracts totaling approximately $520 million in July and August 2025. Additionally, the company completed a public offering in May 2025, generating approximately $588.8 million in gross proceeds.
A dividend of $0.75 per share was declared, with a record date of October 14, 2025, and payment scheduled for October 27, 2025.

Aug 13, 2025, 12:00 AM

6-K

Earnings Transcripts

Quarterly earnings call transcripts for ELBIT SYSTEMS.