ESLT reports $3.34 EPS and $2.19 billion revenue, beating estimates as Middle East conflicts boost defense spending.
Elbit Systems posted a 42% jump in first-quarter earnings to $3.34 per share, surpassing analyst expectations of $2.98. Revenue climbed 15% to $2.19 billion, driven by heightened demand amid ongoing conflicts in the Middle East.
The Israel-based defense contractor’s results exceeded consensus estimates, reflecting strong order flow and increased military spending. Comparable earnings in the prior-year quarter stood at $2.35 per share, with revenue at $1.90 billion.
ESLT stock led gains in the defense sector Tuesday, rising alongside broader market movements tied to geopolitical developments.