Elbit Programs (TASE: ESLT; Nasdaq: ESLT) launched its first quarter outcomes this morning, beating the analysts’ consensus on each income and earnings per share, and in addition introduced a $1.4 billion contract with a European buyer. The corporate’s share worth is presently up by greater than 9% on the Tel Aviv Inventory Trade.
Elbit Programs’ income within the first quarter of 2026 totaled $2,188.8 million, which compares with $1,895.8 million within the corresponding quarter of 2025. Internet revenue on a GAAP foundation was $160.8 million (7.3% of income), up 50% from $107.1 million (5.6% of income) within the corresponding quarter. On a non-GAAP foundation, the corporate posted a web revenue of $186.4 million (8.5% of income), up 59% from $117.2 million (6.2% of income) within the corresponding quarter. Non-GAAP diluted earnings per share have been $3.87 for the primary quarter of 2026, which compares with $2.57 within the corresponding quarter.
The common analysts’ estimate was income of $2.14 billion and earnings per share of $3.33.
Analysis and growth bills, web, have been $150.4 million (6.9% of income) within the first quarter of 2026, which compares with $114.3 million (6.1% of income) within the first quarter of 2025. Monetary bills, web have been $32.2 million within the first quarter of 2026, down from $39.0 million within the first quarter of 2025. The corporate stated that the lower in monetary bills was primarily resulting from a discount within the common debt.
On a GAAP foundation, working revenue within the first quarter of 2026 was $205.1 million (9.4% of income), up from $149.7 (7.9% of income) within the corresponding quarter. Working revenue on a non-GAAP foundation was $222.0 million (10.1% of income), which compares with $165.1 million (8.7% of income) within the corresponding quarter.
On the finish of the primary quarter this yr, Elbit Programs had an order backlog of $30.2 billion. Roughly 71% of the backlog is attributable to orders outdoors of Israel, and 49% is scheduled to be carried out in the course of the the rest of 2026 and 2027.
Money movement from operations within the first quarter of 2026 was $281.0 million, which compares with $183.6 million within the first quarter of 2025.
Asmentioned, Elbit Programs additionally introduced this morning that it had been awarded value at roughly $1.4 billion by a European buyer. The contract is for intensive navy modernization packages. It is going to be carried out over a interval of 5 years.
Elbit Programs president and CEO Bezhalel (Butzi) Machlis stated, “We started 2026 with a robust quarter throughout all key metrics, together with double?digit development in income and profitability, with non?GAAP working margins surpassing the ten% mark. Free Money Circulation technology remained very robust in the course of the quarter, with backlog reaching a report stage, exceeding $30 billion for the primary time.
“Earlier right now, we introduced a big European contract win, additional strengthening our place as a trusted strategic associate to prospects worldwide and reinforcing our capacity to help their evolving protection wants and challenges.
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“Our confirmed expertise working with quite a few armed forces worldwide, along with our robust in-house growth capabilities and modern technological experience, proceed to drive rising demand for our options and place us as a trusted associate for long-term navy modernization packages.
“Our strategic positioning displays our evolution into a totally built-in end-to-end protection supplier throughout land, sea and air. With demand rising properly above historic ranges, we proceed to deal with order execution. To satisfy this demand and help sustainable long-term development, we’re scaling manufacturing capability, rising using automation, robotics and AI, whereas sustaining strict capital self-discipline and increasing operational margins. On the similar time, we’re rising our funding in R&D and innovation to form the corporate’s next-generation providing and strengthen our long-term development platform.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Could 26, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
