Israel's Elbit Systems Q1 revenue rises 15%, backlog hits record

Elbit Systems

26/05/2026 10:26

Overview

Israel defense technology firm's Q1 revenue rose 15% yr/yr on strong demand

Adjusted EPS for Q1 climbed to $3.87 from $2.57 a year earlier

Order backlog hit record $30.2 bln, reflecting increased demand amid regional conflicts

Outlook

Elbit Systems says demand for its products remains well above historical levels

Company is scaling production capacity and investing in R&D to support long-term growth

Company notes uncertainty due to ongoing conflicts in the Middle East may impact future performance

Result Drivers

SEGMENT GROWTH - Higher revenues in Land, C4I and Cyber, and ISTAR and EW segments, driven by increased sales of ammunition, munitions, radio systems, and electronic warfare products, especially in Israel and Europe

MIDDLE EAST CONFLICTS - Material increase in demand from Israel Ministry of Defense due to ongoing and recent regional conflicts

SUPPLY CHAIN CHALLENGES - Company faced operational disruptions from supply chain constraints, higher costs, and employee call-ups, though these effects have lessened after recent ceasefires

Company press release: ID:nPn9kl1vJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2.19 bln
Q1 Adjusted EPS
$3.87
Q1 EPS
$3.34
Q1 Adjusted Gross Profit
$558.70 mln
Q1 Adjusted Operating Income
$222 mln
Q1 Gross Profit
$552.10 mln
Q1 Operating Income
$205.10 mln
Q1 Order Backlog
$30.20 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy."

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)