Elbit Systems Reports Second Quarter 2026 Results

Elbit Systems reported its second quarter 2026 results, with revenues of $2.3 billion, a 16% increase compared to the second quarter of 2025. The company saw double-digit growth in sales, backlog, and earnings per share. Order backlog reached a new record of $32.0 billion. GAAP net income was $173.6 million ($3.61 per share), and non-GAAP net income was $199.1 million ($4.14 per share). The company experienced increased sales in C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments, while Aerospace revenues decreased. Research and development expenses increased as a percentage of revenue. The company noted the impact of Middle East conflicts on its operations, including supply chain disruptions and increased demand from the Israel Ministry of Defense. A new R&D Law in Israel resulted in a $40 million cumulative impact. Recent contract awards include upgrades for Main Battle Tanks ($350 million) and awards from U.S. Customs and Border Protection (over $370 million). The Board of Directors declared a dividend of $1.00 per share.