Elbit Systems Ltd · Q1 2026 earnings

Briefing

Elbit Systems Ltd reported strong Q1 2026 results with record backlog and double-digit growth in revenue and profitability.

Elbit Systems Ltd delivered robust Q1 2026 financial results, with revenues rising 15.5% year-over-year to $2.189 billion driven by strong demand in Israel and Europe. GAAP net income increased 50% to $160.8 million and non-GAAP EPS rose 51% to $3.87, supported by improved margins and operational efficiency. The company achieved a record order backlog of $30.2 billion and generated strong operating cash flow of $281 million.

• Revenues grew 15.5% YoY to $2.189 billion, exceeding the prior quarter for the first time in recent periods.
• GAAP diluted EPS rose 42% to $3.34 and non-GAAP diluted EPS increased 51% to $3.87.
• Order backlog reached a record $30.2 billion, with 71% from international customers.
• Non-GAAP operating margin exceeded 10% at 10.1%, up from 8.7% in Q1 2025.

Headline financials

Revenue & EPS history

Management expects continued mid-teens revenue growth and expanding margins, supported by record backlog and capacity scaling.