Revenue Growth
Third quarter 2025 revenues were $1.922 billion, a 12% growth compared to the third quarter of 2024. There was an 18% growth for the 9 months ended September 30, 2025.
Profit Margin Expansion
GAAP operating income for the third quarter was $171.4 million or 8.9% of revenues, compared to $125.8 million or 7.3% of revenues in the third quarter of 2024. Non-GAAP operating income was $186.7 million or 9.7% of revenues.
Record Order Backlog
The order backlog as of September 30, 2025, was $25.2 billion, $3.1 billion higher than the backlog at the end of the third quarter of 2024.
Significant New Contracts
Elbit signed an international contract for approximately USD 2.3 billion, the largest in its history. Another large contract was secured for $1.635 billion for European defense solutions.
Cash Flow and Dividend
Cash flow provided by operating activities for the 9 months ended September 30, 2025, was $461 million. The Board of Directors declared a dividend of $0.75 per share.