Elbit Systems Ltd (NASDAQ:ESLT) stock fell 5.38% (As on March 18, 11:16:28 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY 25. The defense technology company’s strong performance was driven by increased demand across multiple segments. C4I and Cyber revenues rose 19% YoY, while ISTAR and EW revenues jumped 39%, primarily from Maritime systems and Electro-Optic systems sales. ISTAR and EW revenues increased by 39%, mainly due to increased sales of Maritime systems, Electro-Optic systems and C-UAS Electronic Warfare. Land revenues increased 22% due to ammunition and munition sales in Israel and Europe. During 2025, Elbit Systems achieved significant milestones, most notably securing a contract from the IMOD for an Airborne High–Power Laser (HPL) combat jet fighter Pod and for a High–Power Laser (HPL) system for helicopters. The company continued to invest heavily in disruptive R&D programs, including AI enhancements across multiple platforms for a total sum of over $500 million. The company’s order backlog reached $28.1 billion, with approximately 54% scheduled for completion during 2026 and 2027. Non-GAAP net income attributable to the Company’s shareholders in the fourth quarter of 2025 was $169.9 million (7.9% of revenues), as compared to $119.3 million (6.2% of revenues) in the fourth quarter of 2024. The increase in net income for the fourth quarter of 2025 was primarily driven by increased revenues.

Moreover, Elbit Systems of America revenues increased by 9%, mainly due to the increase in sales of Night-Vision systems and Maritime systems, partially offset by the decrease in sales of medical devices. Aerospace revenues decreased by 14% in the fourth quarter of 2025, as compared to the fourth quarter of 2024, mainly due to the decrease in training and simulation sales in Europe and significant sales of Precision Guided Munition (PGM) in the fourth quarter of 2024.

ESLT in the fourth quarter of FY 25 has reported the adjusted earnings per share of $3.56, beating the analysts’ estimates for the adjusted earnings per share of $2.70. The company had reported the adjusted revenue growth of 11.3 percent to $2.15 billion in the fourth quarter of FY 25, beating the analysts’ estimates for revenue of $2.09 billion. Non-GAAP gross profit amounted to $536.3 million (25.0% of revenues) in the fourth quarter of 2025, as compared to $472.1 million (24.5% of revenues) in the fourth quarter of 2024.