Elbit Systems Ltd. (ESLT) Earnings Call Transcripts
Elbit Systems Ltd.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Elbit Systems Ltd. reported a robust revenue increase of 15.5% year-over-year, reaching $2.189 billion, driven by strong demand across various segments. Earnings per share (EPS) also saw significant growth, with GAAP EPS rising 42% to $3.34 and non-GAAP EPS increasing 51% to $3.87. Management highlighted a record backlog of $30.2 billion, indicating strong future revenue visibility, and maintained a mid-teens revenue growth target for the fiscal year, signaling confidence in sustained demand.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.189 billion (beat) |
| GAAP EPS | $3.34 (beat) |
| Non-GAAP EPS | $3.87 (beat) |
| Operating Margin | 10.1% (positive) |
| Backlog | $30.2 billion (positive) |
| Free Cash Flow | $210 million (positive) |
Guidance from management
Management maintained a revenue growth target of mid-teens for 2026, indicating confidence in sustained demand and operational execution.
What management said
As to the other questions, we are determined to be cost competitive and cost effective to meet our customers' expectations. This is a major issue in the company. to maintain cost effectiveness. And as to the capacity increase, we meet now huge demand, a flash of demand that we see from different markets as Butzi mentioned and this is why we decided on the CapEx increase in the company to meet this very high demand. .
As you know, Kristine, we don't give guidance. We maintain what we told you and the market that our internal target is to have around mid-teens revenue growth this year, and we also with the high demand that we see in our for market and our conversion effectiveness, we see the same for next year. Other than that, it would be hard for us to predict.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of high demand levels and potential supply chain issues as production ramps up. There were also inquiries about the balance sheet and capital deployment strategies moving forward.
Main topics on the call
- Record Backlog — Elbit Systems achieved a record backlog of $30.2 billion, up more than $7 billion year-over-year. Management stated, 'Our funnel of orders has never been so strong,' indicating robust demand across various regions.
- Revenue Growth — The company reported a 15.5% increase in revenues to $2.189 billion, surpassing Q4 2025 revenues for the first time. This growth was attributed to strong demand in key markets, particularly in Europe and Israel.
- Earnings Performance — GAAP EPS increased by 42% to $3.34, while non-GAAP EPS rose 51% to $3.87. This strong performance reflects effective cost management and operational efficiencies.
- Increased CapEx — Management announced plans to increase capital expenditures to support production capacity expansion, stating, 'We are increasing our CapEx investment to meet the high demand that we see in the market.'
Read the full Elbit Systems Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Elbit Systems Ltd.
Elbit Systems Ltd. (ESLT) is a publicly listed company in the Aerospace and Defense industry, within the Industrials sector. It trades on TASE and is based in IL. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning March 25, 2020 to May 26, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 Elbit Systems Ltd. earnings call transcripts on record, spanning March 25, 2020 to May 26, 2026. Based on this history, Elbit Systems Ltd. reports quarterly. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ESLT
- Exchange
- TASE
- Country
- IL
- Sector
- Industrials
- Industry
- Aerospace and Defense
- Calls on record
- 28
- First call
- March 25, 2020
- Most recent
- May 26, 2026
- Reporting cadence
- quarterly