Elbit Systems Ltd (NASDAQ:ESLT), an Israel-based military technology company, stock rose 1.30% (As on August 14, 11:19:45 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY25. Aerospace revenues increased by 12% in the second quarter of 2025, as compared to the second quarter of 2024, mainly due to increased Precision Guided Munition (PGM) sales in Israel and Asia Pacific and UAS sales in Europe. C4I and Cyber revenues increased by 21%, mainly due to radio systems and command and control systems sales in Israel and Europe. ISTAR and EW revenues increased by 15%, mainly due to Electro-Optic systems sales in Israel and Electronic Warfare systems sales in Europe. Land revenues increased by 45%, due to ammunition and munition sales in Israel and Europe. Elbit Systems of America revenues increased by 4%, due to the increase in Maritime and Warfighters systems sales.

Moreover, Non-GAAP gross profit amounted to $480.4 million (24.4% of revenues) in the second quarter of 2025, as compared to $396.2 million (24.4% of revenues) in the second quarter of 2024. Non-GAAP operating income was $175.1 million (8.9% of revenues) in the second quarter of 2025, as compared to $130.5 million (8.0% of revenues) in the second quarter of 2024. Non-GAAP net income attributable to the Company’s shareholders in the second quarter of 2025 was $151.0 million (7.7% of revenues), as compared to $92.7 million (5.7% of revenues) in the second quarter of 2024. The Company’s order backlog as of June 30, 2025 totaled $23.8 billion. Approximately 68% of the current backlog is attributable to orders outside of Israel. Approximately 46% of the order backlog is scheduled to be performed during the remainder of 2025 and 2026. Cash flow provided by operating activities in the six months ended June 30, 2025 was $304.0 million, as compared to $26.0 million in the six months ended June 30, 2024. The cash flow in the six months ended June 30, 2025 was affected mainly by the strong increase in net income.

ESLT in the second quarter of FY25 has reported the adjusted earnings per share of $3.23, beating the analysts’ estimates for the adjusted earnings per share of $2.57, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 21 percent to $1.97 billion in the second quarter of FY25, beating the analysts’ estimates for revenue by 4.43%.