Equity Profile

ESLT

Elbit Systems Ltd.

IndustrialsAerospace & Defense$36.5B

Aug18Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Elbit Systems Ltd. (ESLT) is a global defense technology company specializing in aerospace and defense systems....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$3.68

Revenue

Revenue figures provide insight into the overall demand for Elbit's products and services, reflecting market conditions and company performance.

$2.2B

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 defense technology company specializing in aerospace and defense systems. With a market cap of $37 billion, it plays a crucial role in providing advanced solutions for military and commercial applications, making it significant in the context of global security and defense spending.

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, exceeding expectations 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

Analysts expect Elbit Systems to report strong earnings, driven by ongoing demand in the defense sector. The consensus EPS of $3.68 reflects confidence in the company's ability to maintain profitability.

Bull Case

If Elbit exceeds EPS expectations, it could signal robust demand and operational efficiency, potentially leading to a stock price increase.

Bear Case

If the company fails to meet EPS expectations, it may raise concerns about demand and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$3.68

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$2.2B

Revenue figures provide insight into the overall demand for Elbit's products and services, reflecting market conditions and company performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $3.68?

A beat on EPS would reinforce Elbit's strong performance and could lead to a positive market reaction.

What insights can be provided about revenue growth in key defense segments?

Understanding revenue trends in specific segments will help gauge future demand and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased defense spending globally, which could drive higher demand for Elbit's products beyond current expectations.

Supporting Evidence

Recent geopolitical tensions have led to a surge in defense budgets worldwide.

Elbit's consistent track record of beating EPS estimates suggests stronger underlying performance.

Options pricing indicates higher volatility, suggesting that traders expect significant movement based on upcoming news.

Key Risk

If defense spending increases significantly, it could lead to higher-than-expected revenue and EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Elbit can sustain its growth trajectory amid fluctuating defense budgets.

Bull Confirmed If

An EPS of $3.80 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $3.60 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±19.26%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

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 a potential stock increase of around 6.66%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts or partnerships in the defense sector.
2Insights into operational efficiencies and cost management strategies.
3Comments on global defense spending trends and their impact on future revenue.
4Details on new product developments or technological advancements.
5Management's outlook on market conditions and competitive landscape.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug17

BTDRBMO

Bitdeer Technologies Group

PreviewView

Aug17

FNAMC

Company Snapshot

Elbit Systems Ltd. (ESLT) is a global defense technology company specializing in aerospace and defense systems....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$3.68

Revenue

Revenue figures provide insight into the overall demand for Elbit's products and services, reflecting market conditions and company performance.

$2.2B

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, exceeding expectations 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

Bull Case

If Elbit exceeds EPS expectations, it could signal robust demand and operational efficiency, potentially leading to a stock price increase.

Bear Case

If the company fails to meet EPS expectations, it may raise concerns about demand and profitability, leading to a negative market reaction.

Key Metrics to Watch

EPS

$3.68

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$2.2B

Revenue figures provide insight into the overall demand for Elbit's products and services, reflecting market conditions and company performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $3.68?

A beat on EPS would reinforce Elbit's strong performance and could lead to a positive market reaction.

What insights can be provided about revenue growth in key defense segments?

Understanding revenue trends in specific segments will help gauge future demand and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased defense spending globally, which could drive higher demand for Elbit's products beyond current expectations.

Supporting Evidence

Recent geopolitical tensions have led to a surge in defense budgets worldwide.

Elbit's consistent track record of beating EPS estimates suggests stronger underlying performance.

Options pricing indicates higher volatility, suggesting that traders expect significant movement based on upcoming news.

Key Risk

If defense spending increases significantly, it could lead to higher-than-expected revenue and EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether Elbit can sustain its growth trajectory amid fluctuating defense budgets.

Bull Confirmed If

An EPS of $3.80 or higher would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $3.60 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±19.26%

Historical Avg

±6.7%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings report.

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 a potential stock increase of around 6.66%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts or partnerships in the defense sector.
2Insights into operational efficiencies and cost management strategies.
3Comments on global defense spending trends and their impact on future revenue.
4Details on new product developments or technological advancements.
5Management's outlook on market conditions and competitive landscape.