Elbit Systems (ESLT) Delivers Strong Q1 2026 Results with Record Backlog and +11% Stock Gain
Key Takeaways
- Elbit Systems reported Q1 2026 revenue of $2.19 billion, up 15% from $1.90 billion in the prior-year quarter.
- GAAP net income reached $160.8 million, while non-GAAP net income totaled $186.4 million.
- Non-GAAP earnings per share of $3.87 exceeded analyst consensus estimates of approximately $3.35 to $3.44.
- Order backlog expanded to a record $30.2 billion, signaling strong future revenue visibility.
- The company declared a quarterly dividend of $1.00 per share.
- Shares rose more than 11% in the session following the release.
Why These Results Matter
Elbit Systems Ltd. operates in the global aerospace and defense sector, supplying advanced systems for airborne, land, and naval applications. The first-quarter results provide investors with an early read on demand trends amid elevated geopolitical tensions and sustained defense spending. Strong backlog growth and revenue expansion highlight the company’s ability to convert orders into sales, which supports long-term visibility in a capital-intensive industry where multi-year contracts are common. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Breaking Down the Q1 Numbers
Elbit Systems released its first-quarter 2026 results on May 26, 2026, for the period ended March 31, 2026. Revenue climbed to $2.19 billion, a 15% increase year over year. GAAP net income stood at $160.8 million, while non-GAAP net income reached $186.4 million. GAAP earnings per share were $3.34 and non-GAAP earnings per share were $3.87, surpassing consensus estimates. The order backlog grew to $30.2 billion. Operating cash flow totaled $281.0 million. The board declared a $1.00 per share dividend payable to shareholders of record on June 23, 2026.
Market Reaction
Following the release, ESLT shares advanced more than 11% in after-hours and regular trading. Investors responded positively to the revenue beat, earnings outperformance, and record backlog, which reinforced confidence in the company’s growth trajectory within the defense sector. The market interpreted the results as validation of sustained demand for the company’s technology solutions.
What to Watch Going Forward
Investors will focus on the pace of backlog conversion into revenue in coming quarters. Defense budgets and geopolitical developments remain central to order momentum, particularly for airborne and naval systems where Elbit Systems maintains a competitive position.
Supply chain stability and component availability will influence margins and delivery schedules. Management commentary on cost trends and operating leverage will help gauge profitability sustainability.
Upcoming catalysts include the next earnings release, expected in August 2026, along with any contract announcements that could further expand the backlog. Currency fluctuations and regional spending patterns also warrant attention given the company’s international operations.
Enhancing Research with AI Tools
When analyzing defense stocks like this one, I often turn to Tickeron’s AI Screener for a quick way to filter opportunities based on technical patterns, fundamentals, and AI signals. It allows scanning across industries with customizable criteria such as market cap, volatility, and performance metrics, which can help surface comparable names or breakout candidates more efficiently than manual reviews. One thing that stands out is how it integrates trend and pattern data in a single view. From what I see, this kind of tool fits naturally into a broader research process without replacing fundamental analysis. AI Screener
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Aroon Indicator for ESLT shows an upward move is likely
ESLT's Aroon Indicator triggered a bullish signal on June 23, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 285 similar instances where the Aroon Indicator showed a similar pattern. In of the 285 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ESLT advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on ESLT as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ESLT turned negative on June 17, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
ESLT moved below its 50-day moving average on June 15, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ESLT crossed bearishly below the 50-day moving average on June 15, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESLT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ESLT broke above its upper Bollinger Band on June 11, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ESLT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.518) is normal, around the industry mean (10.849). P/E Ratio (62.570) is within average values for comparable stocks, (92.779). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.079). Dividend Yield (0.004) settles around the average of (0.019) among similar stocks. P/S Ratio (4.476) is also within normal values, averaging (36.950).
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General Information
a manufacturer of airborne, ground and command, control and communication electronic systems
Industry AerospaceDefense
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