Analyst Consensus ?
ConsensusHold6 ratings
Bullish116.7%
Neutral583.3%
Bearish00.0%
Elbit Systems Ltd. · ESLT · FY2025 Q2 · Calendar Q3 2025
Elbit Systems: Strong growth and backlog, with execution risks ahead
The supplied analysis supports a constructive operating picture: broad-based growth, a larger backlog, new product activity and planned capacity investment strengthen demand visibility. The key qualification is execution—management must convert the backlog and expansion plans while navigating supply, export and margin risks.
Reported Before market openNASDAQIndustrials
$33.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.23
Consensus $2.57
EPS surprise
+25.7%
Reported versus consensus
Reported revenue
$1.97B
Consensus $1.89B
Revenue surprise
+4.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+5.6%
Event window
SPY move
+0.3%
Same window
Abnormal move
+5.3%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+9.5%
Up to 20 sessions
ESLTSPY benchmark
Ask FN2 about ESLT FY2025 Q2
Transcript, numbers and history already loaded
Why did ESLT rise 5.6% after beating EPS estimates in FY2025 Q2?What changed in ESLT's guidance and outlook in FY2025 Q2?Give me the bull and bear case for ESLT after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the reported update adds 21% year-over-year revenue growth, a 12% increase in backlog to $23.8 billion, modest margin expansion, a 50% dividend increase and a $573 million share offering. The emphasis also shifts toward production expansion, potential acquisitions and execution of newer products such as Iron Beam and ReDrone.
Guidance delta
No explicit guidance sentiment was provided in the supplied analysis. Management plans to increase capital spending to around $250 million for the year and use offering proceeds for capacity expansion and potential acquisitions.
Key takeaways
- Revenue grew 21% year over year to $1.973 billion, with double-digit growth in every segment.
- Backlog increased 12% to $23.8 billion, supported by large European and U.S. contracts.
- Margins expanded modestly, free cash flow reached $71 million, and the dividend rose 50% to $0.75 per share.
- Management highlighted Iron Beam, ReDrone and advanced UAV offerings, alongside capacity expansion and potential acquisitions.
Management priorities
- Ramp production at the new Ramat Beka site with AI-driven automation.
- Deliver the first Iron Beam laser unit to Rafael by year-end and expand sales globally.
- Continue developing and exporting ReDrone counter-UAS solutions.
- Pursue acquisitions to add technologies and broaden global reach.
- Increase capital spending to around $250 million to fund growth initiatives.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$691.1Current
$790Low
$838.33Average
$880High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Aug 19, 2026 |
| Jefferies | Hold | Hold | Maintain | Jun 24, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 26, 2025 |
| Standpoint Research | Hold | Accumulate | Downgrade | Oct 5, 2017 |
| Citigroup | Neutral | Buy | Downgrade | Jan 2, 2014 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 15, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $691.1. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Sheila Kahyaoglu | $790 | $722.83 | +14.3% | Oct 5, 2026 |
| Morgan Stanley | Analyst unavailable | $845 | $736.3 | +22.3% | Jul 15, 2026 |
| Jefferies | Analyst unavailable | $880 | $770.64 | +27.3% | Jun 24, 2026 |
| Jefferies | Sheila Kahyaoglu | $950 | $823.84 | +37.5% | May 27, 2026 |
| Morgan Stanley | Analyst unavailable | $531 | $500.37 | -23.2% | Dec 11, 2025 |
Track every rating change on ESLT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHeadquartered in Haifa, Israel, and established in 1966, Elbit Systems Ltd. is a leading provider of advanced solutions for the defense, homeland security, and commercial aerospace sectors. The company's extensive portfolio spans airborne, land, and naval applications. In the aerial domain, offerings include systems for military aircraft and helicopters, commercial aviation components, and unmanned aerial systems. For ground operations, Elbit supplies vehicle systems, a range of munitions, sophisticated command, control, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) capabilities, and cyber technologies, alongside armored vehicle protection…
Historical context
All ESLT earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the ESLT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-07T00:10:44.376966+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T00:10:44.374160+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.