Elbit Systems climbs as profit jumps on war-related demand

Elbit Systems

17/03/2026 12:32

**  U.S.-listed shares of Israeli defense firm Elbit Systems ESLT.O up 6.8% premarket at $933.98 after reporting a sharp rise in 2025 profit on Tues, boosted by strong demand from the country's military during the Gaza war, and signaled additional gains from war on Iran

** Defense firm said 2025 adj EPS rose to $12.75 from $8.76 in 2024 as rev grew 16% to $7.9 bln, while Q4 rev crossed the $2 bln mark for the first time

** Q4 adj EPS grew 34% y/y to $3.56

** Order backlog rose to $28.1 bln from $22.6 bln a yr earlier, as co noted a "continued material increase" in demand from the Israeli military since Oct 2023

** U.S.-listed shares recently traded around 62x expected earnings, vs their 5-yr avg forward PE of 27, suggesting shares may be overvalued, per LSEG Datastream

** Through Mon, ESLT shares surged 51% YTD and about 140% over the past 12 months. They hit record intraday high of $960 on Mar 6

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))