ESLT
A strong quarter, plus a fat pipeline
Elbit Systems came out of the gate in Q1 2026 looking pretty solid. Management said revenue, operating profit, and earnings per share all grew by double digits, which is the kind of trio investors like to see when they’re checking whether the business is actually firing on all cylinders.
The real sauce: backlog
The other big headline was a record backlog that topped a new high. That matters because backlog is basically the company’s future revenue snack drawer — work that’s already been booked, not just hoped for. If you’re trying to gauge whether today’s growth is a one-quarter sugar rush or something sturdier, that backlog is the clue.
Why investors are paying attention
For a defense contractor, strong numbers plus a growing backlog can be a nice combo. It suggests demand is still healthy and gives the company more visibility into coming quarters, which tends to calm nerves faster than a CEO saying “we’re cautiously optimistic” for the 14th time.
Big picture: Elbit looks like it’s doing what investors want defense names to do right now — grow, convert demand into actual orders, and keep the pipeline full.