Elbit Systems Ltd. (NASDAQ:ESLT) shares are trading higher on Tuesday after the Israel-based company reported upbeat first-quarter results and won a $1.4 billion contract.
Earnings Snapshot
- Revenue of $2.19 billion, beating the consensus of $2.16 billion.
- Adjusted EPS of $3.87, beating the consensus of $3.37.
- Adjusted gross margin expanded to 25.5% from 24.3% a year ago. Also, adjusted operating margin expanded to 10.1% from 8.7% in the same quarter last year.
- As of March 31, 2026, the order backlog stood at $30.2 billion. Of this, 71% are from outside Israel and 49% scheduled for 2026 and 2027.
- Operating cash flow for the first quarter totaled $281.0 million, versus $183.6 million in the same quarter a year ago.
Segment Revenues
Aerospace revenue rose 2% year over …