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) operates in the aerospace and defense sector, providing advanced technology solutions for military and commercial applications....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key measure of profitability and will indicate how well the company is managing costs and generating income.

Expected to be around $3.87

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and demand for its products, crucial for long-term success.

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) operates in the aerospace and defense sector, providing advanced technology solutions for military and commercial applications. With a market cap of $34 billion, the company plays a crucial role in defense modernization and technological innovation, which are increasingly important in today's global security landscape.

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 expectations by 12.5%. The stock reacted positively, gaining over 11% the next day.

Management Promises & Guidance

Continued focus on innovation in defense technology.
Commitment to expanding international markets.
Enhancement of operational efficiencies.

Expectations

Wall Street Expectations

Overall, expectations are high for Elbit Systems as it has consistently beaten EPS estimates in previous quarters. Investors are looking for continued strong performance amid rising global defense spending.

Bull Case

If the company maintains its track record of beating EPS estimates, it could see significant stock appreciation, especially if it announces new contracts.

Bear Case

Conversely, any signs of declining revenue or missed EPS targets could lead to a sharp sell-off, given the high expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $3.87

EPS is a key measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue Growth

Not available

Revenue growth reflects the company's ability to expand its market share and demand for its products, crucial for long-term success.

Defense Contracts

Not available

The number 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, and how does it compare to previous quarters?

Given the company's strong history of EPS surprises, this figure will be critical in determining investor sentiment.

What new defense contracts have been secured in the last quarter?

New contracts can significantly impact future revenue and are a key indicator of the company's market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly optimistic about EPS growth without considering potential headwinds in defense spending or contract delays.

Supporting Evidence

Options are pricing a 19.26% move, indicating high volatility expectations that may not align with historical performance.

The company's recent contract wins have not been disclosed, raising questions about future revenue streams.

The put/call ratio suggests a strong bullish sentiment, which may not be justified given the uncertainties.

Key Risk

If new contracts are not announced or EPS falls below $3.44, the optimistic outlook could quickly reverse.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched due to the company's history of exceeding expectations and the overall market demand for defense solutions.

Bull Confirmed If

An EPS of $3.87 or higher would confirm the bull case, reflecting strong operational performance.

Bear Confirmed If

An EPS below $3.44 would confirm the bear case, indicating potential issues in 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, indicating 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

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

In-Line / Cautious

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

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new defense contracts and their expected impact on revenue.
2Any commentary on cost management and operational efficiencies.
3Updates on international market expansion efforts.
4Insights into R&D investments and technological advancements.
5Management's outlook on future defense spending trends.

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) operates in the aerospace and defense sector, providing advanced technology solutions for military and commercial applications....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key measure of profitability and will indicate how well the company is managing costs and generating income.

Expected to be around $3.87

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and demand for its products, crucial for long-term success.

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 expectations by 12.5%. The stock reacted positively, gaining over 11% the next day.

Management Promises & Guidance

Continued focus on innovation in defense technology.
Commitment to expanding international markets.
Enhancement of operational efficiencies.

Expectations

Wall Street Expectations

Bull Case

If the company maintains its track record of beating EPS estimates, it could see significant stock appreciation, especially if it announces new contracts.

Bear Case

Conversely, any signs of declining revenue or missed EPS targets could lead to a sharp sell-off, given the high expectations.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $3.87

EPS is a key measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue Growth

Not available

Revenue growth reflects the company's ability to expand its market share and demand for its products, crucial for long-term success.

Defense Contracts

Not available

The number 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, and how does it compare to previous quarters?

Given the company's strong history of EPS surprises, this figure will be critical in determining investor sentiment.

What new defense contracts have been secured in the last quarter?

New contracts can significantly impact future revenue and are a key indicator of the company's market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly optimistic about EPS growth without considering potential headwinds in defense spending or contract delays.

Supporting Evidence

Options are pricing a 19.26% move, indicating high volatility expectations that may not align with historical performance.

The company's recent contract wins have not been disclosed, raising questions about future revenue streams.

The put/call ratio suggests a strong bullish sentiment, which may not be justified given the uncertainties.

Key Risk

If new contracts are not announced or EPS falls below $3.44, the optimistic outlook could quickly reverse.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched due to the company's history of exceeding expectations and the overall market demand for defense solutions.

Bull Confirmed If

An EPS of $3.87 or higher would confirm the bull case, reflecting strong operational performance.

Bear Confirmed If

An EPS below $3.44 would confirm the bear case, indicating potential issues in 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, indicating 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

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

In-Line / Cautious

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

Miss

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

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on new defense contracts and their expected impact on revenue.
2Any commentary on cost management and operational efficiencies.
3Updates on international market expansion efforts.
4Insights into R&D investments and technological advancements.
5Management's outlook on future defense spending trends.