Elbit Systems Ltd. (NASDAQ:ESLT) climbed 5.1% on Tuesday after the Israeli defense technology group delivered third-quarter results that far outpaced Wall Street forecasts, fueled by escalating global defense spending and heightened tensions in the Middle East.
The company reported adjusted earnings of $3.35 per share, easily surpassing the $2.48 analyst estimate. Quarterly revenue came in at $1.92 billion — slightly under the $1.99 billion forecast — but still marking an 11.9% rise from the year-earlier period.
Elbit’s order book grew to an all-time high of $25.2 billion, offering strong visibility into future revenue. Roughly 69% of the backlog now originates from international customers, and 38% of those orders are slated for delivery across the remainder of 2025 and into 2026.
“Elbit Systems today reports strong quarterly results, with double-digit growth in sales and profits, as well as continued, consistent expansion of the order backlog,” said Bezhalel Machlis, President and CEO of Elbit Systems.
He added: “These results reflect the significant contracts the Company has secured across Europe and from customers worldwide.”
The company’s land systems division delivered the most powerful performance, with revenue up 41% year over year, driven by strong demand for ammunition and munitions in both Israel and Europe. The C4I and Cyber division expanded 14%, while the ISTAR and EW segment posted 5% growth.
Elbit also announced a quarterly dividend of $0.75 per share, payable on January 5, 2026.