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Investing.com - Elbit Systems Ltd. (NASDAQ:ESLT) shares jumped 5.1% on Tuesday after the Israeli defense technology company reported third-quarter earnings that significantly exceeded analyst expectations, driven by surging global defense demand amid ongoing Middle East conflicts.
The company posted adjusted earnings of $3.35 per share, handily beating the analyst consensus of $2.48. Revenue reached $1.92 billion, slightly below the $1.99 billion estimate, but representing an 11.9% increase compared to the same quarter last year.
Elbit’s order backlog reached a record $25.2 billion, providing strong visibility for future growth. The company reported that approximately 69% of its current backlog comes from orders outside Israel, with 38% scheduled for delivery during the remainder of 2025 and 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.
"These results reflect the significant contracts the Company has secured across Europe and from customers worldwide."
Land segment revenues showed the strongest growth, increasing 41% YoY, primarily due to ammunition and munition sales in Israel and Europe. The C4I and Cyber segment grew 14%, while ISTAR and EW revenues increased 5%.
The company declared a quarterly dividend of $0.75 per share, payable on January 5, 2026.
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