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Mar 17, 2026 12:40 PM

Elbit Systems Stock Up On Strong EPS, Order Backlog Growth

Elbit Systems Ltd. (NASDAQ:ESLT) shares are trading higher on Tuesday after the Haifa, Israel-based company reported fourth-quarter (Q4) 2025 results.

Revenue for the quarter rose 11.3% year over year (Y/Y) to $2.148 billion, missing the consensus of $2.151 billion.

Adjusted EPS of $3.56, beating the consensus of $3.09.

Adjusted gross margin expanded to 25% from 24.5% a year ago, and adjusted operating margin expanded to 9.8% from 8.2% in the same quarter last year.

As of December 31, 2025, the order backlog stood at $28.1 billion, with 72% from outside Israel and 54% scheduled for 2026 and 2027.

Operating cash flow for the year totaled $778.4 million, versus $534.6 million in the same quarter a year ago.

Segment Revenues

C4I and Cyber revenues rose 19% Y/Y, led ...