Elbit Systems Ltd. (NASDAQ:ESLT) reported fourth-quarter results on Tuesday that exceeded analyst expectations, sending the defense technology company’s shares higher.
Adjusted earnings per share came in at $3.56, well above the consensus forecast of $2.70, representing a surprise of $0.86.
Quarterly revenue totaled $2.15 billion, beating analysts’ estimate of $2.09 billion and marking an 11.3% increase from $1.93 billion in the same period a year earlier.
The company’s growth was supported by strong demand across several business segments. Revenue from its C4I and Cyber division increased 19% year-on-year, while ISTAR and electronic warfare (EW) revenue surged 39%, mainly driven by sales of maritime systems and electro-optic technologies.
Land segment revenue rose 22%, largely due to higher ammunition and munitions sales in Israel and Europe. Following the earnings release, Elbit Systems shares climbed about 6.5%.
“The Company is reporting excellent financial results,” said Bezhalel (Butzi) Machlis, President and CEO. “In 2025, revenues grew by 16%, profit margins expanded significantly, GAAP net EPS increased by 59%, non-GAAP net EPS increased by 46% and backlog grew by $5.5 billion surpassing the $28 billion mark.”
For the full year 2025, Elbit Systems reported adjusted EPS of $12.75, up from $8.76 in 2024. Annual revenue reached $7.94 billion, representing a 16.3% increase compared with $6.83 billion the previous year.
The company’s order backlog stood at $28.1 billion at the end of the year, with around 54% expected to be delivered during 2026 and 2027.
Elbit Systems also announced a dividend of $1.00 per share, with a record date of April 13, 2026, and payment scheduled for April 27, 2026.