Elbit Systems Reports Strong Q1 2026 Results with Record $30.2B Backlog and $1.4B European Contract
ESLT has more than doubled off its 52-week low of $369.6.
Summary
Elbit Systems reported strong Q1 2026 financial results with double-digit growth in revenue and profit, a record $30.2 billion order backlog, and a new $1.4 billion European defense contract.
Key Events · Earnings and Guidance · ESLT
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Strong Q1 2026 Financial Performance
Revenues increased by 15.4% to $2.19 billion, with GAAP net income up 50.1% to $160.8 million and diluted EPS rising 42.1% to $3.34 compared to Q1 2025.
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Record Order Backlog Achieved
The company's order backlog reached an all-time high of $30.2 billion as of March 31, 2026, exceeding $30 billion for the first time. Approximately 49% of the backlog is scheduled for performance in 2026-2027.
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Major European Contract Awarded
Elbit Systems secured a $1.4 billion contract from a European customer for extensive military modernization programs, to be performed over five years. This contract was also announced earlier today.
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Significant Operating Cash Flow Growth
Cash flow provided by operating activities increased substantially to $281.0 million in Q1 2026, up from $183.6 million in Q1 2025.
Analysis · ESLT · Manufacturing
Elbit Systems delivered robust first-quarter results, showcasing significant revenue and profit growth driven by increased demand for its defense solutions. The company achieved a record order backlog of over $30 billion, providing strong revenue visibility. This positive performance is further bolstered by a newly announced $1.4 billion European contract, underscoring its strategic position in the global defense market.
At the time of this filing, ESLT was trading at $830.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $35.9B. The 52-week trading range was $369.60 to $1,016.06. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.