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Nov 18, 2025 8:00 AM

Israeli Defense Giant Elbit Systems Order Backlog Hits $25 Billion, Stock Soars

Elbit Systems Ltd. (NASDAQ:ESLT) stock rose Tuesday after the company reported better-than-expected third-quarter 2025 results.

Details

The revenue for the quarter stood at $1.92 billion, missing the consensus of $2.02 billion.

Adjusted gross margin expanded to 25.2% from 24.4% a year ago, and adjusted operating margin expanded to 9.7% from 8.2% in the same quarter last year.

Adjusted EPS rose to $3.35 from $2.21 a year ago, beating the consensus of $2.78.

As of September 30, 2025, the order backlog stood at $25.2 billion, with 69% from outside Israel and 38% scheduled for the remainder of 2025 and 2026. 

Cash provided by operating activities for the nine-month quarter totaled $461.0 million, versus $82.5 million a year ago quarter.

Segment Revenues

Aerospace revenues fell 3% year over year ...