Equity Profile

ESLT

Elbit Systems Ltd.

IndustrialsAerospace & Defense$34.5B

Aug18Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Elbit Systems Ltd. (ESLT) is a global leader in aerospace and defense technology, providing advanced systems for military and commercial applications....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, reflecting how much profit is allocated to each share.

Expected to be around $3.87.

Revenue Growth

Revenue growth will indicate the company's ability to expand its business and capture market share in the defense sector.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ESLT Q2-2026 Earnings Preview

Context

Company Snapshot

Elbit Systems Ltd. (ESLT) is a global leader in aerospace and defense technology, providing advanced systems for military and commercial applications. With a market cap of $34 billion, the company plays a crucial role in the defense sector, which is increasingly focused on modernization and technological advancements.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+19.32%

Avg Stock Reaction

+6.66%

Last Quarter Recap

In Q1-2026, Elbit Systems reported an EPS of $3.87, surpassing estimates by 12.5%. The stock reacted positively, gaining over 11% the following day.

Management Promises & Guidance

Continued focus on innovation in defense technology.
Commitment to expanding international partnerships.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Overall, the market is optimistic about Elbit Systems' upcoming earnings, especially given its strong track record of beating EPS estimates.

Bull Case

If the company continues its trend of exceeding EPS expectations and shows strong revenue growth, it could lead to significant stock appreciation.

Bear Case

Conversely, any signs of declining defense contracts or weaker-than-expected EPS could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $3.87.

EPS is a key indicator of the company's profitability and financial health, reflecting how much profit is allocated to each share.

Revenue Growth

Not available.

Revenue growth will indicate the company's ability to expand its business and capture market share in the defense sector.

Defense Contracts

Not available.

The volume and value of new defense contracts can signal future revenue streams and overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

Given the company's strong history of beating EPS estimates, this number will be crucial for market sentiment.

How many new defense contracts were secured in the last quarter?

New contracts are vital for future revenue growth and will indicate the company's competitive position in the defense sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Elbit's ability to secure new defense contracts, especially given recent geopolitical tensions that could drive demand for advanced defense systems.

Supporting Evidence

Elbit has consistently beaten EPS estimates, indicating stronger operational performance than expected.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent trends in defense spending may not be fully reflected in current analyst estimates.

Key Risk

If new defense contracts exceed expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Elbit Systems can maintain its growth trajectory amidst increasing competition and changing defense budgets.

Bull Confirmed If

An EPS of $4.00 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $3.50 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±19.26%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.3% while ESLT has averaged ±6.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.9%

Calls (15K)P/C Ratio: 0.19Puts (11K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 25 (24%)

This setup has occurred 30 times across Industrials in the last 2 years. 19 of 25 (76%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.5%, with a raw directional average of +1.5% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Elbit beats expectations, history suggests the stock could rise by around 6.66%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors weigh future prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 6.66%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their potential impact on future revenue.
2Any commentary on operational efficiencies and cost management strategies.
3Insights into international market expansion and partnerships.
4Details on R&D investments and technological advancements.
5Management's outlook on the defense sector and potential challenges.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Elbit Systems Ltd. (ESLT) is a global leader in aerospace and defense technology, providing advanced systems for military and commercial applications....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, reflecting how much profit is allocated to each share.

Expected to be around $3.87.

Revenue Growth

Revenue growth will indicate the company's ability to expand its business and capture market share in the defense sector.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ESLT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+19.32%

Avg Stock Reaction

+6.66%

Last Quarter Recap

In Q1-2026, Elbit Systems reported an EPS of $3.87, surpassing estimates by 12.5%. The stock reacted positively, gaining over 11% the following day.

Management Promises & Guidance

Continued focus on innovation in defense technology.
Commitment to expanding international partnerships.
Plans to enhance operational efficiency.

Expectations

Wall Street Expectations

Overall, the market is optimistic about Elbit Systems' upcoming earnings, especially given its strong track record of beating EPS estimates.

Bull Case

If the company continues its trend of exceeding EPS expectations and shows strong revenue growth, it could lead to significant stock appreciation.

Bear Case

Conversely, any signs of declining defense contracts or weaker-than-expected EPS could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $3.87.

EPS is a key indicator of the company's profitability and financial health, reflecting how much profit is allocated to each share.

Revenue Growth

Not available.

Revenue growth will indicate the company's ability to expand its business and capture market share in the defense sector.

Defense Contracts

Not available.

The volume and value of new defense contracts can signal future revenue streams and overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

Given the company's strong history of beating EPS estimates, this number will be crucial for market sentiment.

How many new defense contracts were secured in the last quarter?

New contracts are vital for future revenue growth and will indicate the company's competitive position in the defense sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Elbit's ability to secure new defense contracts, especially given recent geopolitical tensions that could drive demand for advanced defense systems.

Supporting Evidence

Elbit has consistently beaten EPS estimates, indicating stronger operational performance than expected.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent trends in defense spending may not be fully reflected in current analyst estimates.

Key Risk

If new defense contracts exceed expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Elbit Systems can maintain its growth trajectory amidst increasing competition and changing defense budgets.

Bull Confirmed If

An EPS of $4.00 or higher would confirm the bull case and suggest strong operational performance.

Bear Confirmed If

An EPS below $3.50 would confirm the bear case and raise concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±19.26%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±19.3% while ESLT has averaged ±6.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

48.9%

Calls (15K)P/C Ratio: 0.19Puts (11K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 25 (24%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Elbit beats expectations, history suggests the stock could rise by around 6.66%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management is cautious, the stock may see a muted reaction as investors weigh future prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 6.66%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their potential impact on future revenue.
2Any commentary on operational efficiencies and cost management strategies.
3Insights into international market expansion and partnerships.
4Details on R&D investments and technological advancements.
5Management's outlook on the defense sector and potential challenges.