Elbit Systems Q2 Results Hit Record $32B Backlog Amid Strong Revenue Growth

Key Facts

1Elbit Systems revenue increased by 15.9% year-over-year to reach $2.3B in Q2 2026.

2The company's backlog reached a record $32B, up 34% compared to the previous year.

3Free cash flow more than doubled year-over-year while maintaining a strong net cash position.

Amid rising global demand for defense and security solutions, Elbit Systems reported robust financial results for the second quarter of 2026. According to reports, the company's revenue increased by 15.9% year-over-year to reach $2.3 billion, driven by effective international expansion and backlog conversion. Furthermore, free cash flow more than doubled compared to the previous year, while the company maintained a strong net cash position despite increased investments in research and development.

The company's operational performance reflects significant momentum, with the order backlog reaching a record high of $32 billion, representing a 34% increase over the previous year. This growth in the order book indicates long-term business continuity, although analysts note that high valuation multiples may limit further upside for the stock in the near term.

In the markets, ESLT closed at $776.08 as of August 11, 2026, after reaching a session high of $800.43. Traders are currently monitoring support and resistance levels derived from recent trading ranges, while global markets await macroeconomic data that could impact risk appetite in the defense sector, especially as the impact of recent monetary policy and economic data continues to be assessed.

Sources:

seekingalpha.com