Elbit Systems
Connects airborne, land, intelligence and command systems for government defense programs.
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Profile
Builds airborne, land, command-and-cyber, intelligence and electronic-warfare systems for government customers worldwide. Five operating segments combine specialist capabilities assembled through acquisitions, while sales and program execution depend on public procurement, export approvals and Israel-based operations.
Builds defense technology across five operating segments: Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America. The portfolio spans airborne systems, command networks, intelligence and electronic warfare, electro-optics, munitions, artillery and protection.
Acquisitions have added specialist capabilities while preserving operating businesses that connect sensors, communications, platforms and effectors. Government agencies provide most demand across Israel, Europe, North America and Asia-Pacific, with Israel the largest customer geography.
Contracts follow public budgets, procurement rules, security requirements and long approval cycles. International sales and technology transfers require export and import authorizations, while the Israel-centered workforce and facilities make mobilization, hostilities, suppliers and transport direct operating dependencies.
Company facts
Categories
Key statistics
Year to date +19.9% · Average volume (30d) 81.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 15, 2026 | Morgan Stanley | Target | $531 | $845 | |
| Jun 24, 2026 | Jefferies | Reiterate | Hold | $950 | $880 |
| May 27, 2026 | Jefferies | Target | $950 | ||
| Dec 11, 2025 | Morgan Stanley | Target | $531 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $3.69 | $4.14 | +12.2% | $2.25B | $2.29B | +1.6% | −8.27% |
| May 26, 2026Q1 FY26 | $3.44 | $3.87 | +12.5% | $2.14B | $2.19B | +2.1% | −2.77% |
| Mar 17, 2026Q4 FY25 | $3.23 | $3.56 | +10.2% | $2.10B | $2.15B | +2.3% | −5.99% |
| Nov 18, 2025Q3 FY25 | $2.75 | $3.35 | +21.8% | $2.09B | $1.95B | −6.9% | −4.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.97B | $1.92B | $2.15B | $2.19B | $2.29B | |
| Gross profit | $454.3M | $472.9M | $478.2M | $529.8M | $552.1M | $579.0M | |
| Operating income | $149.7M | $157.8M | $171.4M | $208.2M | $205.1M | $218.8M | |
| Net income | $107.1M | $125.7M | $133.4M | $168.2M | $160.8M | $173.6M | |
| Diluted EPS | $2.35 | $2.69 | $2.84 | $3.59 | $3.34 | $3.61 | |
| Gross margin | 24.0% | 24.0% | 24.9% | 24.7% | 25.2% | 25.3% | |
| Operating margin | 7.9% | 8.0% | 8.9% | 9.7% | 9.4% | 9.6% |
Fiscal years (4-quarter sums)FY21 $9.06B · FY22 $5.51B · FY23 $5.97B · FY24 $6.83B · FY25 $7.94B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $962.9M · Total debt $852.2M · Total assets $13.86B · Shareholders' equity $4.41B
Dividends
Raised for 13 straight years — most recently to $1.00 from $0.75 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 23, 2026 | Jun 23 | Jul 6 | $1.00 | |
| Apr 13, 2026 | Apr 13 | Apr 27 | $1.00 | raised from $0.75 |
| Dec 22, 2025 | Dec 22 | Jan 5 | $0.75 | |
| Oct 14, 2025 | Oct 14 | Oct 27 | $0.75 | raised from $0.60 |
| Jun 24, 2025 | Jun 24 | Jul 7 | $0.60 | |
| Apr 22, 2025 | Apr 22 | May 5 | $0.60 | raised from $0.50 |
| Dec 23, 2024 | Dec 23 | Jan 6 | $0.50 | |
| Oct 15, 2024 | Oct 15 | Oct 28 | $0.50 |
Ownership
Shares outstanding 46.85M · Float 27.21M · 58.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Beit Federmann Ltd. | 19.58M | 42.40% | 13D | Jul 14, 2025 |
| Michael Federmann · director | 19.32M | 41.23% | Form 4 | Mar 18, 2026 |
| Clal Insurance Enterprises Holdings Ltd | 1.62M | 3.45% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 759.2K | 1.62% | 13F | Aug 13, 2026 |
| Van Eck Associates Corp | 547.7K | 1.17% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 9, 2026 | Haim Daniel Delmar | officer: Executive Vice President | −7,654 | $887.40 |
| Apr 9, 2026 | Ran Kril | officer: Executive Vice President | −6,803 | $887.40 |
| Apr 9, 2026 | Bezhalel Machlis | officer: President and CEO | −25,514 | $887.40 |
| Apr 9, 2026 | Jonathan Ariel | officer: Executive Vice President | −7,654 | $887.40 |
| Apr 9, 2026 | Oren Yaacov Sabag | officer: Executive Vice President | −8,504 | $887.40 |
Peers
- L3Harris Technologies
Multi-domain rival in communications, ISR, EW, sensors and undersea systems
- RTX
Multi-domain overlap in avionics, sensors, EW, C4I and precision weapons
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elbit Systems | $708.68 | −0.18% | $33.20B | 53.0 | — | 3.9 | +15.9% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Median | 31.9 | 25.0 | 2.6 | +11.4% |