The earnings call reflected a strong quarter for Elbit Systems, with significant revenue growth, increased order backlog, and successful contract wins. Despite increased G&A expenses and some supply chain challenges, the overall sentiment is positive due to the robust financial performance and future growth prospects.

Company Guidance -

Q3 2025

During Elbit Systems' Second Quarter 2025 Results Conference Call, the company reported robust financial performance with significant year-over-year growth and outlined key metrics. Revenues reached $1.973 billion, up from $1.626 billion in the second quarter of 2024, with Europe contributing 29% of revenues. The company's backlog increased by 12% from the corresponding quarter in 2024, totaling $23.8 billion. Operating income rose to $157.8 million, representing 8% of revenues, while free cash flow was $71 million. The GAAP gross margin remained steady at 24%, and the non-GAAP operating income margin improved to 8.9%. Elbit's diluted GAAP EPS was $2.69, while non-GAAP EPS was $3.23. The company also highlighted a dividend increase to $0.75 per share, a 50% year-over-year rise, and announced a significant $1.625 billion contract in Europe, signaling continued expansion and demand for its defense solutions.

Strong Revenue Growth

Revenue for Q2 2025 was $1.973 billion, a significant increase from $1.626 billion in Q2 2024, indicating a strong year-over-year growth across all business segments and geographies.

Increased Order Backlog

The company's order backlog increased by 12% from Q2 2024, reaching $23.8 billion, highlighting strong demand and future revenue potential.

Successful Share Offering

Elbit Systems raised $573 million net from a successful share offering, with demand reaching 3x the initial amount, providing capital for future growth and potential M&A opportunities.

Significant Contract Wins

Elbit Systems secured multiple contracts including a $1.625 billion contract in Europe, a $260 million contract with Airbus for German A400 aircraft, and various other contracts totaling over $1 billion, showcasing strong demand for their defense solutions.

Dividend Increase

The Board of Directors declared a dividend of $0.75 per share, a 50% increase from the previous year, reflecting confidence in the company's financial health.

Improved Free Cash Flow

Free cash flow for Q2 2025 totaled $71 million, with operating cash flow for the first half of 2025 reaching $304 million, a substantial increase from $26 million in the same period of 2024.

Elbit Systems (IL:ESLT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IL:ESLT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q3)	837.32 / -	597.601	―	―	―
Aug 13, 2025	2025 (Q2)	813.68 / 908.22	594.225	52.84% (+313.99)
May 20, 2025	2025 (Q1)	725.90 / 793.43	557.086	42.42% (+236.34)
Mar 18, 2025	2024 (Q4)	600.98 / 675.26	226.211	198.51% (+449.05)
Nov 19, 2024	2024 (Q3)	580.72 / 597.60	459.174	30.15% (+138.43)	―
Aug 14, 2024	2024 (Q2)	516.57 / 594.23	472.679	25.71% (+121.55)
May 28, 2024	2024 (Q1)	401.78 / 557.09	472.679	17.86% (+84.41)
Mar 26, 2024	2023 (Q4)	445.67 / 226.21	644.869	-64.92% (-418.66)
Nov 28, 2023	2023 (Q3)	486.18 / 459.17	425.411	7.94% (+33.76)
Aug 15, 2023	2023 (Q2)	470.99 / 472.68	614.483	-23.08% (-141.80)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IL:ESLT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	149930.00	156360.00	+4.29%
May 20, 2025	143132.20	143831.24	+0.49%
Mar 18, 2025	132815.33	148759.15	+12.00%
Nov 19, 2024	87918.40	92317.31	+5.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.