Analyst Consensus ?
ConsensusHold6 ratings
Bullish116.7%
Neutral583.3%
Bearish00.0%
Elbit Systems Ltd. · ESLT · FY2025 Q4 · Calendar Q1 2026
Elbit Systems: Strong Growth Meets a Major Capacity Ramp
The supplied analysis supports a constructive operating thesis: strong demand, international backlog growth and major defense contracts provide a growth base, while the 2026 capacity and investment ramp makes execution, supply-chain resilience and margin discipline central to the outlook.
Reported Before market openNASDAQIndustrials
$34.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.56
Consensus $3.23
EPS surprise
+10.2%
Reported versus consensus
Reported revenue
$2.15B
Consensus $2.10B
Revenue surprise
+2.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+16.0%
Event window
SPY move
+0.3%
Same window
Abnormal move
+15.7%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-11.4%
Up to 20 sessions
ESLTSPY benchmark
Ask FN2 about ESLT FY2025 Q4
Transcript, numbers and history already loaded
Why did ESLT rise 16.0% after beating EPS estimates in FY2025 Q4?What changed in ESLT's guidance and outlook in FY2025 Q4?Give me the bull and bear case for ESLT after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the current call adds a larger $28.1 billion backlog, record free cash flow, a higher 2026 CapEx plan and expanded production priorities. Europe remains a key growth focus, while capacity timing and margin discipline are more prominent watchpoints.
Guidance delta
Maintained; the supplied analysis does not identify a guidance change.
Key takeaways
- Management described double-digit growth across key financial metrics, with Q4 revenue exceeding $2 billion for the first time.
- Backlog increased by $5.5 billion to $28.1 billion, with 72% of orders outside Israel and Europe a primary growth engine.
- The company plans about $300 million of 2026 CapEx to expand production and add AI-driven assembly lines.
Management priorities
- Expand factories and production capacity across Israel, Europe and the United States.
- Continue development of high-power lasers, AI integration, night vision and electronic warfare.
- Scale the EuroPULS platform through European joint ventures.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$707.18Current
$845Low
$891.67Average
$950High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 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 $707.18. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $845 | $736.3 | +19.5% | Jul 15, 2026 |
| Jefferies | Analyst unavailable | $880 | $770.64 | +24.4% | Jun 24, 2026 |
| Jefferies | Sheila Kahyaoglu | $950 | $823.84 | +34.3% | May 27, 2026 |
| Morgan Stanley | Analyst unavailable | $531 | $500.37 | -24.9% | 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
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% 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 · 2026-09-28T15:20:57.694356+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T15:20:57.692089+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 2026-09-28. For educational purposes only; not investment advice.