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Financial Highlights - Elbit Systems' market capitalization is approximately $24 billion[7] - The company's order backlog reached $252 billion as of September 30, 2025[7] - Revenues for the Last Twelve Months (LTM) Q3 2025 were $77 billion, compared to $65 billion in LTM Q3 2024[7] - Non-GAAP diluted net earnings per share (EPS) for Q3 2025 was $335, a 52% increase from $221 in Q3 2024[24] - Free cash flow in Q3 2025 was a positive $96 million, a significant increase of $100 million compared to $5 million in Q3 2024[24] - The company distributed $89 million in dividends to shareholders in 2024[48] Revenue Breakdown (LTM 2025) - Europe accounted for 27% of revenues[29] - Asia-Pacific (APAC) contributed 15% to revenues[29] - North America represented 21% of revenues[30] - Israel accounted for 33% of revenues[30] Growth and Backlog - The company experienced a backlog Compound Annual Growth Rate (CAGR) of 18% and a revenue CAGR of 11% from 2020 to 2025[33] - The order backlog increased from $2261 billion in 2024 to $2521 billion in LTM Q3 2025[33] Capital Allocation - Elbit Systems invested $466 million in Research and Development (R&D) in 2024[45] - Capital expenditures (CAPEX) amounted to $215 million in 2024[46]

Core Insights - Elbit Systems reported quarterly earnings of $3.35 per share, exceeding the Zacks Consensus Estimate of $2.75 per share, and showing an increase from $2.21 per share a year ago, resulting in an earnings surprise of +21.82% [1] - The company posted revenues of $1.92 billion for the quarter ended September 2025, which was 3.66% below the Zacks Consensus Estimate, but an increase from $1.72 billion year-over-year [2] - Elbit shares have appreciated approximately 95% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.4% [3] Earnings Outlook - The future performance of Elbit's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $3.02 on revenues of $2.08 billion, and for the current fiscal year, it is $11.83 on revenues of $7.95 billion [7] Industry Context - The Aerospace - Defense Equipment industry, to which Elbit belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, indicating potential challenges ahead [8] - Moog, another company in the same industry, is expected to report quarterly earnings of $2.24 per share, reflecting a year-over-year change of +3.7%, with revenues projected at $964.02 million, up 5.1% from the previous year [9]

Earnings Release ELBIT SYSTEMS REPORTS THIRD QUARTER 2025 RESULTS Order backlog at $25.2 billion; Revenues of $1.9 billion; GAAP net income of $133.4 million; Non-GAAP net income of $159.8 million; GAAP net EPS of $2.80; Non-GAAP net EPS of $3.35 Exhibit 1 Haifa, Israel, November 18, 2025 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology defense company, reported today its consolidated results for the third quarter ended September 30, 2025. In ...

Core Insights - Elbit Systems reported strong quarterly results with significant growth in sales and profits, alongside a record order backlog exceeding $25 billion, indicating long-term visibility for future operations [3][14]. Financial Performance - Revenues for Q3 2025 were $1.92 billion, up from $1.72 billion in Q3 2024, reflecting a year-over-year increase of approximately 11.8% [4]. - GAAP net income for Q3 2025 was $133.4 million (6.9% of revenues), compared to $79.1 million (4.6% of revenues) in Q3 2024, marking a 68.5% increase [12]. - Non-GAAP net income for Q3 2025 was $159.8 million (8.3% of revenues), up from $98.8 million (5.8% of revenues) in Q3 2024, representing a 61.7% increase [12]. - GAAP diluted earnings per share (EPS) were $2.80 for Q3 2025, compared to $1.77 in Q3 2024, while non-GAAP diluted EPS were $3.35, up from $2.21 [13]. Revenue Breakdown - Aerospace revenues decreased by 3% year-over-year, primarily due to reduced Precision Guided Munition sales in Asia Pacific, offset by increased sales in Israel [5]. - C4I and Cyber revenues increased by 14%, driven by sales of radio systems and command and control systems in Europe [5]. - Land revenues surged by 41%, mainly due to ammunition and munition sales in Israel and Europe [5]. - Elbit Systems of America revenues decreased by 2%, attributed to lower sales in electronic systems and medical instrumentation [5]. Order Backlog and Market Demand - The order backlog reached $25.2 billion as of September 30, 2025, with approximately 69% of this backlog from international orders [14]. - The ongoing global conflicts and increased defense budgets have led to heightened demand for Elbit Systems' products, particularly from the Israel Ministry of Defense [16]. Operational Challenges - The company faced operational disruptions due to supply chain constraints and increased transportation costs stemming from conflicts in the Middle East [17]. - Elbit Systems has implemented measures to mitigate these disruptions and maintain business continuity [18]. Recent Developments - On November 17, 2025, Elbit Systems signed a strategic international contract valued at approximately $2.3 billion, to be executed over eight years [19]. - The Board of Directors declared a dividend of $0.75 per share, with a record date of December 22, 2025 [20].

Market Overview - The Tel Aviv Stock Exchange showed mixed results with the Tel Aviv 35 Index increasing by 0.12% to 3,451.39 points, while the Tel Aviv 125 Index decreased by 0.22% to 3,497.86 points, and the BlueTech Global Index fell by 0.49% to 594.70 points [1] - The All Bond corporate bond index rose by 0.05% to 419.75 points, with total turnover reaching NIS 3.83 billion in equities and NIS 5.11 billion in bonds [1] Foreign Exchange Market - The shekel-dollar rate was set 0.185% higher at NIS 3.241/$, while the shekel-euro rate decreased by 0.051% to NIS 3.759/€ [2] Company Performance - Elbit Systems Ltd. led the market with a significant rise of 6.97%, attributed to a major new deal, marking the largest increase on the Tel Aviv 35 Index [3] - Other notable gainers included Delek Group, which rose by 1.99%, Tower Semiconductor Ltd. with a 0.50% increase, Phoenix Financial up by 3.01%, and Enlight Renewable Energy rising by 2.21% [3] Decliners - Nice experienced the largest decline on the Tel Aviv 35 Index, falling by 2.23% [4] - Other banks that saw declines include Bank Leumi down by 1.17%, Bank Hapoalim down by 1.38%, Mizrahi Tefahot Bank down by 1.69%, and Israel Discount Bank down by 1.80% [4]

Core Insights - Elbit Systems has signed an international contract valued at approximately $2.3 billion, which will be executed over eight years [1][2]. Company Overview - Elbit Systems is a leading global defense technology company that develops, manufactures, integrates, and sustains advanced solutions across multiple domains [2]. - The company employs around 20,000 people across five continents and reported revenues of $1,973 million for the three months ending June 30, 2025 [3]. Financial Performance - As of June 30, 2025, Elbit Systems had an order backlog of $23.8 billion, indicating strong future revenue potential [3].

Market Performance - The Tel Aviv Stock Exchange saw a rise today, with the Tel Aviv 35 Index increasing by 0.38% to a record 3,447.17 points and the Tel Aviv 125 Index rising by 0.41% to 3,505.73 points [1] - The All Bond corporate bond index rose by 0.04% to 419.53 points, while the BlueTech Global Index fell by 0.92% to 597.63 points [1] - Total turnover in equities reached NIS 1.42 billion and NIS 2.40 billion in bonds [1] Currency Exchange Rates - The shekel-dollar rate was set 0.81% higher at NIS 3.235/$, and the shekel-euro rate was set 0.926% higher at NIS 3.761/€ [2] Notable Stock Movements - Nice (Nasdaq: NICE; TASE:NICE) experienced the largest increase on the Tel Aviv 35 Index, rising by 5.61% [2] - Other notable gainers included Navitas Petroleum LP (TASE: NVPT) with a rise of 5.04% and Clal Insurance Enterprise Holdings (TASE: CLIS) increasing by 3.31% [2] - Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose by 0.50% [2] Banking Sector Performance - Bank Hapoalim (TASE: POLI) led the market with a rise of 1.59% and the highest trading turnover [3] - Other banks also saw gains, with Bank Leumi (TASE: LUMI) rising by 1.27%, Mizrahi Tefahot Bank increasing by 1.55%, and Israel Discount Bank (TASE: DSCT) rising by 2.19% [3] Declining Stocks - Camtek (Nasdaq: CAMT; TASE: CAMT) had the largest decline on the Tel Aviv 35 Index, falling by 4.73% [3] - Other notable decliners included Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) down by 4.08%, Nova Ltd. (Nasdaq: NVMI; TASE: NVMI) down by 3.89%, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) down by 2.47% [3]

Market Performance - The Tel Aviv Stock Exchange saw an increase, with the Tel Aviv 35 Index rising by 1.02% to 3,350.98 points and the Tel Aviv 125 Index increasing by 0.82% to 3,410.08 points [1] - The BlueTech Global Index experienced a slight decline of 0.05% to 597.86 points, while the All Bond corporate bond index also fell by 0.05% to 597.86 points [1] - Total turnover in equities reached NIS 3.84 billion, and in bonds, it was NIS 4.13 billion [1] Foreign Exchange Rates - The shekel-dollar rate was set at NIS 3.250/$, reflecting a decrease of 0.276% from the previous day [2] - The shekel-euro rate was established at NIS 3.783/€, down by 0.424% [2] Company Highlights - Teva Pharmaceutical Industries Ltd. led the market with a significant rise of 17.19%, attributed to strong third-quarter results and an upward revision of its 2025 guidance [3] - Other notable gainers included Menora Mivtachim, which rose by 2.67%, and Clal Insurance Enterprise Holdings, which increased by 2.12% [3] - Tower Semiconductor and Delek Group both saw an increase of 1.19%, while Ormat Technologies rose by 1.85% [3] Company Declines - Bank Leumi and Bank Hapoalim experienced declines of 0.63% and 0.53%, respectively [4] - Mizrahi Tefahot Bank fell by 0.18%, and Israel Discount Bank decreased by 0.70% [4] - Enlight Renewable Energy had the largest drop on the Tel Aviv 35 Index, falling by 3.15% [4] - Other companies that saw declines include Nova Ltd. (1.59%), Elbit Systems Ltd. (1.18%), and Nice (1.34%) [4]

Core Insights - The Singapore Air Force is replacing its Hermes 450 UAVs with the newer Hermes 900 model, which was procured from Elbit Systems Ltd [1][2] - The Hermes 900 UAV has been evaluated as the best fit for the operational needs of the Singapore Air Force, joining a global list of countries utilizing this advanced system [2] - Elbit Systems recently secured a $120 million contract to supply Hermes 900 UAVs for long-range maritime patrol missions for an international customer [2] Company Overview - Elbit Systems Ltd is recognized as one of the leading UAV companies globally, currently ranked fifth in the UAV sector according to the Defense Post [4] - The Hermes 900 is a medium-altitude, long-endurance UAV with a range exceeding 1,000 kilometers, designed for various missions including intelligence gathering and reconnaissance [3] - Since its introduction in 2011, the Hermes 900 has been selected by over 20 customers worldwide, indicating its strong market presence [3]