NASDAQ$ESLT
Elbit Systems Ltd · Q2 2026 earnings
Q2 2026 earnings · · Before market open
Briefing
Elbit Systems Ltd reported strong Q2 2026 results with record backlog and double-digit revenue and earnings growth.
Elbit Systems Ltd. reported consolidated results for the second quarter ended June 30, 2026, showing revenues of $2.287 billion, up 15.9% year-over-year. GAAP net income reached $173.6 million with diluted EPS of $3.61, while non-GAAP net income was $199.1 million and non-GAAP EPS $4.14. Order backlog hit a record $32.0 billion, supported by strong demand across segments.
- Revenues increased 15.9% YoY to $2,287.1 million driven by growth in Land, ISTAR & EW, and Elbit Systems of America segments.
- GAAP operating income rose to $218.8 million (9.6% margin) from $157.8 million (8.0% margin) in Q2 2025.
- Order backlog reached a new record of $32.0 billion as of June 30, 2026, with 73% from international customers.
- Strong operating cash flow in the first half of 2026 at $517.8 million, more than double the prior year period.
Headline financials
Revenue & EPS history
Elbit Systems Ltd · Revenue · Quarterly
$2.29B
Forward guidance
Management highlighted continued momentum, investments in R&D and capacity, and leadership in directed energy technologies to support future growth from record backlog.
Tailwinds
- Record $32B backlog provides long-term visibility.
- Double-digit growth in sales, backlog and EPS.
- Improved profitability and strong cash generation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports
+4.1%
Avg return
Earnings day
+6.2%
Avg return
5 days after
+10.2%
Avg return
30 days after
100%
4 / 4 earnings
Positive
+11.1%
Q1 2026
Best reaction
+0.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +11.1% | +14.9% | — | |
| Q4 2026 | +3.9% | +4.1% | -6.6% | |
| Q3 2025 | +0.2% | -5.9% | +7.5% | |
| Q4 2025 | +1.3% | +11.9% | +29.7% |
Discussion
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