Elbit Systems Tops Earnings, Revenue Forecast

Backlog hits $28.1 billion for defense contractor

Mar. 17, 2026 at 1:51pm

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Elbit Systems (ESLT), a major defense contractor, reported revenue that topped Wall Street expectations in the fourth quarter, even as adjusted earnings missed consensus. The company's shares jumped 11% as regular trading opened in New York on the news.

Why it matters

Elbit Systems is a leading global provider of defense and security technologies, and its strong financial performance and growing backlog are positive signs for the defense industry. The company's results provide insight into broader trends in military spending and demand for advanced defense systems.

The details

Elbit Systems reported fourth-quarter revenue of $2.15 billion, an 11.3% increase from the previous year and ahead of the $2.1 billion expected by analysts. However, the company's adjusted earnings missed consensus estimates. Despite the earnings miss, investors reacted positively to the strong revenue growth and the company's backlog, which hit $28.1 billion.

  • Elbit Systems reported its fourth-quarter results on March 17, 2026.

The players

Elbit Systems

A global provider of defense and security technologies based in Israel.

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The takeaway

Elbit Systems' strong revenue growth and expanding backlog suggest continued demand for its defense and security products, which could signal broader positive trends in the defense industry.