ESLT

Expanded 2026 Israel Electric Corporation IC Drone Grid-Maintenance Season Commenced; Purchase Order on Track to Generate the Expected More Than $1 Million in Revenue During 2026 New Bird of Prey Order Received Through Elbit Systems, with Deliveries Expected During 2026 Successfully Completed Underwritten Public Offering Generating Approximately $9.2 Million in Gross Proceeds and Uplisting to the Nasdaq Capital Market Defense and Drone-Technology Veteran Yiftach Kleinman Appointed Incoming Chief Executive Officer to Lead Expansion of Defense Business and Commercial Platforms FT. LAUDERDALE, FL, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (Nasdaq: DUKR; DUKRW) (“Duke Robotics” or the “Company”), a leader in advanced robotics and drone-based solutions for civilian and defense markets, today reported financial results for the second quarter ended June 30, 2026, and provided a corporate update. During the second quarter of 2026, Duke Robotics advanced its commercial and defense platforms in parallel. The Company commenced a materially expanded 2026 Insulator Cleaning Drone (“IC Drone”) grid-maintenance season with the Israel Electric Corporation (“IEC”), deploying additional field crews to service a substantially greater volume of high-voltage insulators under a purchase order expected to generate over a million U.S. dollars in revenue during 2026, and received confirmation from Elbit Systems Land Ltd. ("Elbit") that Elbit has received a new order for the Bird of Prey stabilized weapons drone system, with deliveries expected during 2026. It also initiated integration of its IC Drone system with a larger commercial-grade airframe and is in discussions to extend its IC Drone service to additional international markets beyond Greece. During the quarter, the Company completed its uplisting to the Nasdaq Capital Market, strengthened its balance sheet through an underwritten public offering generating approximately $9.2 million in gross proceeds, and announced the appointment of Yiftach Kleinman as incoming Chief Executive, who will begin his tenure in September. Recent Business Highlights Commencement of Expanded 2026 IEC IC Drone Season. In June 2026, the Company announced the successful commencement of its 2026 insulator-cleaning season with the IEC, Israel’s government-owned electric utility company and largest electricity supplier, on a substantially larger scale than in prior years, servicing a greater volume of high-voltage insulators with an increased number of active field crews using the Company’s second-generation Insulator Cleaning Drone System (“ICDS2”). The expanded operations are being conducted under a purchase order received in March 2026 that is expected to generate revenue of over a million U.S. dollars for Duke Robotics during 2026, representing an increase compared to the Company’s previous service activity with the IEC. New Bird of Prey Order Through Elbit. In June 2026, the Company announced that Elbit had received a new order for the Bird of Prey stabilized weapons drone system, with deliveries expected during 2026. Under the Company’s collaboration arrangement with Elbit, Duke Robotics is entitled to royalties from sales of the system, and the Company expects to recognize royalty revenue associated with these orders in connection with Elbit's delivery of the systems and receipt of the related proceeds, rather than at the time orders are placed or confirmed. Integration of Larger Commercial-Grade IC Drone Airframe. In June 2026, the Company announced that it had initiated integration of its IC Drone system with a larger commercial-grade drone airframe. The integration is designed to provide greater payload capacity, longer flight duration, and increased per-mission productivity, and is intended to support IC Drone operations across larger-scale national electric grids. Appointment of Incoming Chief Executive Officer to Lead Defense Expansion. In June 2026, the Company announced the appointment of Yiftach Kleinman as Chief Executive Officer, effective upon commencement of his employment, which is expected to occur no later than September 8, 2026. Mr. Kleinman brings more than two decades of defense and drone-technology leadership, most recently as Chief Executive Officer of Israeli loitering-munitions innovator SpearUAV Ltd. through its 2025 acquisition by UVision Air Ltd., and previously in senior management, M&A, and business-development roles at Rafael Advanced Defense Systems. Upon effectiveness of his appointment, Mr. Kleinman will succeed Yossef Balucka as Chief Executive Officer. Completed Public Offering and Uplisting to Nasdaq. During the quarter, the Company completed an underwritten public offering for aggregate gross proceeds of approximately $9.2 million and, on May 15, 2026, its common stock and warrants began trading on the Nasdaq Capital Market under the symbols “DUKR” and “DUKRW.” The financing strengthened the Company’s balance sheet and provided additional capital to support the execution of its business plan across its civilian and defense operations. Financial results for the three months ended June 30, 2026 Revenues were $149,000 for the three months ended June 30, 2026, compared to $143,000 for the same period in 2025. The Company expects the substantial majority of the revenue associated with the expanded IEC purchase order, which is expected to generate over a million U.S. dollars of revenue during 2026, to be recognized over the remainder of 2026. Cost of revenues was $91,000, compared to $55,000 for the same period in 2025. Gross profit was $58,000 for the three months ended June 30, 2026, compared to $88,000 for the same period in 2025. The increase in cost of revenues was primarily attributed to an increase in depreciation expenses and operational readiness costs incurred in advance of the 2026 cleaning season. Research and development (R&D) expenses were $32,000 for the three months ended June 30, 2026, compared to $24,000 for the same period in 2025. General and administrative (G&A) expenses were $954,000 for the three months ended June 30, 2026, compared to $314,000 for the same period in 2025. The increase primarily reflects higher share-based compensation associated with stock option grants, increased professional fees related to the Company’s Nasdaq uplisting and public offering (a substantial portion of which were non-recurring), and increased personnel-related costs supporting the Company’s growth initiatives. Operating loss was $928,000 for the three months ended June 30, 2026, compared to an operating loss of $250,000 for the same period in 2025. Financing income, net, was $202,000 for the three months ended June 30, 2026, compared to financing expenses, net, of $9,000 for the same period in 2025, primarily reflecting non-cash changes in the fair value of the Company’s warrant liability, which was remeasured and reclassified to equity in connection with the completion of the Company’s public offering in May 2026. Net loss for the three months ended June 30, 2026, was $726,000, or $(0.26) per share, compared to a net loss of $269,000, or $(0.12) per share, for the same period in 2025. The increase primarily reflects higher general and administrative expenses, including professional fees associated with the Company’s Nasdaq uplisting and public offering (a substantial portion of which were non-recurring) and higher non-cash share-based compensation, partially offset by non-cash financing income related to the revaluation of the Company’s warrant liability. Per share amounts have been retroactively adjusted to reflect the 1-for-25 reverse stock split effected on March 6, 2026. Financial results for the six months ended June 30, 2026 Revenues were $149,000 for the six months ended June 30, 2026, compared to $143,000 for the same period in 2025, with revenues in both periods recognized in the second quarter, consistent with the seasonal nature of the IC Drone service for the IEC. Cost of revenues was $124,000, compared to $63,000 for the same period in 2025. The increase in cost of revenues was primarily attributed to an increase in depreciation expenses and operational readiness costs incurred in advance of the 2026 cleaning season. Research and development (R&D) expenses were $61,000 for the six months ended June 30, 2026, compared to $45,000 for the same period in 2025. General and administrative (G&A) expenses were $1,405,000 for the six months ended June 30, 2026, compared to $573,000 for the same period in 2025, primarily reflecting higher share-based compensation, professional fees related to the Company’s uplisting and public offering (a substantial portion of which were non-recurring), and increased personnel-related costs. Operating loss was $1,441,000 for the six months ended June 30, 2026, compared to an operating loss of $538,000 for the same period in 2025. Financing expenses, net, were $206,000 for the six months ended June 30, 2026, compared to financing expenses, net, of less than $1,000 for the same period in 2025, primarily reflecting non-cash mark-to-market movements on the warrant liability issued in the Company's December 2025 private placement, which was remeasured upward in the first quarter following the March 2026 extension of the warrants' term to May 2031 and subsequently remeasured and reclassified to equity in the second quarter upon completion of the Company's May 2026 underwritten public offering. Net loss for the six months ended June 30, 2026, was $1,647,000, or $(0.65) per share, compared to a net loss of $548,000, or $(0.25) per share, for the same period in 2025. The increase primarily reflects higher general and administrative expenses, including professional fees associated with the Company’s Nasdaq uplisting and public offering (a substantial portion of which were non-recurring) and higher non-cash share-based compensation, together with non-cash changes in the fair value of the Company’s warrant liability. Per share amounts have been retroactively adjusted to reflect the 1-for-25 reverse stock split effected on March 6, 2026. Balance Sheet Highlights Cash and cash equivalents and restricted cash were $6,989,000 as of June 30, 2026, compared to $750,000 as of December 31, 2025, reflecting the net proceeds of the Company’s May 2026 underwritten public offering. As of June 30, 2026, trade receivables totaled $163,000, compared to $41,000 as of December 31, 2025, reflecting billings as the 2026 IC Drone season commenced. The Company believes its cash resources, together with projected receipts from existing commercial agreements, are sufficient to support operations into 2028. About Duke RoboticsDuke Robotics Corp. (Nasdaq: DUKR; DUKRW) develops advanced stabilization and autonomous robotic drone systems for both civilian and defense markets. The Company’s Insulator Cleaning Drone (IC Drone) is a first-of-its-kind, drone-enabled system for cleaning and monitoring high-voltage electric utility insulators. Leveraging Duke’s technologies, the IC Drone provides a safer, more efficient, and cost-effective alternative method. AEROTRACE™ is the Company’s AI-powered aerial monitoring and intelligence platform for infrastructure operators, designed to deliver actionable insights for asset assessment and proactive maintenance. In defense, through a collaboration agreement with Elbit Systems Land Ltd. (“Elbit”), the Bird of Prey weapons drone system is an agile, fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements, marketed by Elbit under the brand name Bird of Prey (formerly known as TIKAD). For additional Company information, please visit https://dukeroboticsys.com and follow us on Twitter (X) and LinkedIn. Forward-Looking StatementsThis press release contains forward-looking statements. Words such as “future” and similar expressions, or future or conditional verbs such as “will,” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs, assumptions, and information currently available to us. For example, we are using forward-looking statements when we discuss the expected timing and amount of revenue from the expanded IEC purchase order, including our expectation that it will generate over a million U.S. dollars of revenue during 2026 and that the substantial majority of such revenue will be recognized over the remainder of the year; the continued execution of the 2026 IC Drone grid-maintenance season and the potential for further expansion of services with the IEC; the Company’s discussions regarding potential expansion of its IC Drone service to additional international markets, and the outcome and timing of any such opportunities; the integration of its IC Drone system with a larger commercial-grade drone airframe and its intended capabilities, including greater payload capacity, longer flight duration, increased per-mission productivity, and support for operations across larger-scale national electric grids; the expected timing of deliveries under the new Bird of Prey order received through Elbit and the conditions governing the Company’s recognition of related royalty revenue, which depends on Elbit’s delivery of the systems and collection of the related proceeds; the anticipated timing of Mr. Kleinman’s commencement of employment; and the intended use and anticipated benefits of the net proceeds from the Company’s completed underwritten public offering and listing on the Nasdaq Capital Market, including the sufficiency of the Company’s cash resources to support operations 2028. Our actual results may differ materially from those expressed or implied due to known or unknown risks and uncertainties. These include, but are not limited to, risks related to the successful integration of new leadership, the successful market adoption of our technologies, the continued development and refinement of our technology, our ability to effectively collaborate with Elbit Systems, fluctuations in foreign currency exchange rates, operational challenges associated with marketing activities in new markets, economic conditions that may affect defense spending and infrastructure investment, geopolitical factors that could impact business operations, regulatory challenges in various regions, and competition from technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Company Contact:Duke Robotics Corp.Yossef Balucka, [email protected] Investor Relations Contact:Arx Investor RelationsNorth American Equities [email protected] DUKE ROBOTICS CORP.CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(USD in thousands, except share and per share data) (*) Represents an amount less than $1 thousand. DUKE ROBOTICS CORP.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED)(USD in thousands, except share and per share data) (*) Represents an amount less than $1 thousand.All share and per share amounts have been retroactively adjusted to reflect the 1-for-25 reverse stock split effected on March 6, 2026.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Elbit Systems (TASE:ESLT) just posted second quarter 2026 results and reaffirmed its dividend, giving you fresh information on sales, profitability, backlog and cash returns to shareholders to reassess the stock. See our latest analysis for Elbit Systems. Despite the sharp 9.41% decline in the 1 day share price return to ₪2,340.0 following Elbit Systems' earnings release and dividend affirmation, the 25.66% year to date share price return and the very large 5 year total shareholder return of 424.61% indicate that longer term momentum has remained strong. If strong defense demand has your attention, it can be useful to look at other companies exposed to similar themes through our screener for 36 power grid technology and infrastructure stocks After that earnings beat, the record US$32b backlog and the sharp pullback in Elbit Systems' share price, the setup looks very different to a week ago. Does the current valuation still compensate you for the risks? Analysts' most followed narrative puts Elbit Systems' fair value at ₪3,324.07, comfortably above the last close of ₪2,340. This frames the recent pullback against a much higher long term valuation anchor that is built on specific growth and margin assumptions. Read the complete narrative. Read the complete narrative. Want to understand why this fair value comes out so much higher than the current price? The core of the narrative blends sustained double digit revenue growth, rising profit margins and a richer future earnings multiple. Curious which contracts, regional growth assumptions and profitability targets sit underneath that headline fair value for Elbit Systems. Result: Fair Value of ₪3,324.07 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the Elbit Systems story could shift if global defense budgets cool or if large multiyear contracts face delays that pressure margins and cash generation. Find out about the key risks to this Elbit Systems narrative. The first fair value view for Elbit Systems leans heavily on analyst forecasts for revenue, margins and a higher future P/E. A contrasting take uses the current P/E of 57.4x, which is higher than the peer average of 49.9x yet below the fair ratio of 122.2x. That mix of rich headline multiple and higher fair ratio suggests real valuation risk if growth underdelivers, but also room for rerating if the narrative plays out. Which side of that trade-off do you think the market is pricing in today? For a closer look at how this ratio based view stacks up against the rest of the sector and the fair ratio the market could move toward, See what the numbers say about this price — find out in our valuation breakdown. If this mix of optimism and caution around Elbit Systems feels finely balanced, you may want to review the details promptly and form your own view using our 2 key rewards and 1 important warning sign. If you want a fuller watchlist alongside Elbit Systems, use the Simply Wall Street Screener to uncover fresh ideas across income, quality and potential value. Target reliable income by scanning companies built around steady cash returns with our 435 dividend fortresses. Spot potential value opportunities early by running the screener containing 570 high quality undiscovered gems before the crowd pays attention. Focus on resilience first by filtering for companies that pass our quality checks with the 298 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ESLT.TA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Elbit Systems has delivered a very large 424.6% return over the past five years, yet its latest valuation checks suggest the stock is not an obvious bargain at around ₪2,340 per share. After such a strong run, investors are weighing that track record against a low overall value score and fresh contract wins that may already be reflected in the price. Over five years, Elbit Systems has returned 424.6%, which puts recent share price strength front and center in any valuation discussion. New contracts such as the planned Serbian UAV factory and ongoing international defense awards can support expectations for future cash flows. However, exposure to government defense budgets and execution risk on large, complex programs may limit how much investors are willing to pay for that growth. Elbit Systems currently passes only 2 of 6 valuation checks, which points to a stock that leans expensive on the broader metrics even though some multiples may still screen as attractive. The issue now is whether Elbit Systems' recent share price level still offers enough valuation support after this multi year rally. Elbit Systems delivered 56.9% returns over the last year. See how this stacks up to the rest of the Aerospace & Defense industry. For Elbit Systems, the P/E ratio is a useful lens because earnings remain a key focus for defense investors. The stock currently trades on about 57.4x earnings, which is higher than the Aerospace & Defense industry average of roughly 45.4x and above the peer group average of about 49.9x. The Simply Wall St model suggests a fair P/E of about 122.2x for Elbit Systems based on its mix of growth expectations, margins, size and risks. That is more than double the current multiple, so on this framework the stock screens as undervalued even though it already carries a premium to the broader industry. Despite the recent Serbian UAV factory contract drawing attention to the stock, the current P/E still sits well below what the model implies investors might be willing to pay. On the P/E multiple, Elbit Systems looks undervalued relative to the fair ratio implied by its fundamentals and risk profile. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Elbit Systems pick up where the P/E puzzle leaves off and spell out which assumptions on growth, margins and earnings would need to hold for Elbit Systems' share price to look much higher or lower than today. Rather than giving a single figure, they unpack the future that figure relies on so you can watch how the real business lines up with those expectations over time on the Community page. Share a narrative on Elbit Systems' stock to add your voice on whether developments such as the Serbian UAV factory help support today's valuation, and track how your data-driven view holds up as new results and contracts emerge. Do you think there's more to the story for Elbit Systems? Head over to our Community to see what others are saying! Elbit Systems screens as undervalued on its tailored P/E framework, even though the stock already trades at a premium to sector averages. That signal sits alongside weaker results from the wider valuation checks, which temper how straightforward the opportunity looks. The real split between bull and bear views is whether Elbit Systems can keep delivering on contracts and execution without investors deciding that the current premium already prices that in. The key question from here is whether the higher multiple holds or re-rates if growth or contract performance underwhelms. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ESLT.TA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Elbit Systems Ltd.? Here are five stocks we like better. Strong second-quarter performance: Revenue increased 15.9% to $2.287 billion, while GAAP diluted EPS rose 34% to $3.61. Gross and operating margins also expanded, although the effective tax rate increased because of OECD global minimum-tax rules. Record backlog and rising international demand: Backlog reached $32 billion, with 73% generated outside Israel and Europe driving much of the quarterly growth. Elbit cited major U.S., European and Israeli contracts across night vision, rocket artillery, munitions, aircraft and armored vehicles. Capacity and technology investments are accelerating: Operating cash flow more than doubled to $237 million and free cash flow rose to $150 million. The company plans to increase capital expenditures to approximately $300 million while expanding production, robotics, artificial intelligence and next-generation research and development. Defense Dividends: 3 Strong Performers That Are Raising Payouts Elbit Systems (NASDAQ:ESLT) reported higher second-quarter revenue, profit and cash flow for 2026, supported by increased demand across Europe, Israel, the U.S. and Asia-Pacific. The defense contractor said its backlog reached a record $32 billion as it continued to add orders from international customers. Second-quarter revenue rose 15.9% to $2.287 billion from $1.973 billion a year earlier. Israel represented 37% of quarterly sales, following inventory replenishment after the conflict with Iran ended at the beginning of April, while Europe accounted for 25%, North America for 20% and Asia-Pacific for 14%. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat Elbit Systems Jumps on Record Earnings and a $1.6B Contract “We are pleased to report another strong quarter, delivering double-digit growth in revenues, backlog, operating profit, and EPS,” Chief Financial Officer Kobi Kagan said on the company’s earnings call. GAAP gross margin increased to 25.3% of revenue from 24.0% in the prior-year quarter. Non-GAAP gross margin rose to 25.6% from 24.4%. → 3 Dividend Champion Utilities for a Market That Can't Sit Still Archer or Joby: Which Aviation Company Might Rise Fastest? GAAP operating income was $218.8 million, or 9.6% of revenue, compared with $157.8 million, or 8.0% of revenue, a year earlier. On a non-GAAP basis, operating income totaled $237.5 million, or 10.4% of revenue, versus $175.1 million, or 8.9% of revenue, in the second quarter of 2025. GAAP diluted earnings per share increased 34% to $3.61, while non-GAAP diluted EPS rose 28% to $4.14. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Kagan said the company’s gross, operating and net profitability margins continued to expand and had exceeded internal operating-margin targets. Financial expense declined to $22 million from $31.2 million, which he attributed primarily to lower average debt during the quarter. Income-tax expense increased to $32.7 million from $7.1 million a year ago, driven mainly by implementation of the OECD Pillar Two global minimum-tax rules. The effective tax rate was 16.4%, compared with 5.6% in the year-earlier period. Revenue grew in four of Elbit’s five reported segments. C4I and Cyber sales rose 11%, driven mainly by radio and command-and-control system sales in Europe. ISTAR and Electronic Warfare revenue increased 22% due to higher sales of airborne and land-based high-power laser, electronic warfare and maritime systems in Asia-Pacific. Land segment revenue increased 32%, primarily on ammunition and munition sales in Israel. Elbit Systems of America revenue rose 17%, aided by a one-time favorable project mix and higher sales of night-vision, maritime and electronic systems. Aerospace revenue declined 8%, reflecting a one-time unfavorable project mix and lower European training and simulation sales, partly offset by higher UAV sales in Israel. Net research-and-development expense rose to $159.1 million, or 7.0% of revenue, from $129.7 million, or 6.6% of revenue, a year earlier. Kagan said Elbit increased R&D spending by approximately $70 million in the first half, with about half funded under Israel’s new research-and-development incentive law and the remainder funded by the company. The company said it is investing in next-generation technologies and artificial intelligence capabilities. President and Chief Executive Officer Bezhalel Machlis said Elbit has made three bolt-on acquisitions since the beginning of the year, including the May acquisition of Blue White Robotics, an Israeli developer of AI-powered autonomous ground solutions. Elbit said 73% of its $32 billion backlog was generated outside Israel, with international orders, mainly from Europe, driving the quarterly increase. About 42% of the backlog is scheduled for performance during the remainder of 2026 and 2027, with the balance set for 2028 and beyond. Cash provided by operating activities was $237 million, up from $120 million a year earlier. Free cash flow was $150 million, compared with $71 million in the prior-year quarter, while cash conversion was 86%. Management said it is raising capital expenditures to approximately $300 million from $220 million as it adds production capacity. Machlis said the company is building facilities, investing in robotics and AI, and seeking to improve productivity and delivery capabilities. A new production facility in southern Israel is already operational, he said, and additional facilities have been inaugurated abroad. During the question-and-answer session, Kagan said some customers have become more willing to support capacity investments, including through matching investments or financing facilities when technology is transferred to their territories. Machlis highlighted several contract awards during the quarter. Elbit Systems of America received multiple U.S. Customs and Border Protection awards worth approximately $370 million and a $212 million order for continued production of the ENVG-B night-vision system for the U.S. Army. He said Elbit Systems of America was selected as the sole prime supplier for that award. The company also cited a previously announced $1.4 billion U.S. contract for a European customer’s military modernization program and the formal award of an approximately $750 million PULS rocket-artillery program in Greece. In Israel, Elbit received a Ministry of Defense contract to develop extended-range capability for Israeli F-35 aircraft and approximately $200 million in contracts for advanced air-launched munitions. Separately, the company secured a $350 million contract to modernize an international customer’s main battle tank fleet. Machlis said demand remained broad across electronic warfare, unmanned systems, command and control, guided munitions, simulation and maritime offerings. He said the company expects continued backlog growth and is focused on converting that backlog into revenue, profit and cash flow. Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management. Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Elbit Systems Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Elbit Systems Ltd. (NASDAQ:ESLT) shares dropped 6.15% in pre-market trading on Tuesday even after the Israeli defence technology company reported second-quarter earnings and revenue above analyst expectations. Adjusted earnings per share reached $4.14, beating the analyst consensus of $3.24 by $0.90. Revenue increased 16% year-on-year to $2.29 billion from $1.97 billion, also exceeding the $2.22 billion consensus estimate. The company’s order backlog climbed to a record $32.0 billion, providing substantial visibility into future business activity. Approximately 73% of the backlog relates to customers outside Israel, highlighting the international reach of Elbit Systems’ order book. “The strong momentum in the second quarter was sustained, delivering double-digit growth in sales, backlog and earnings per share, improved profitability, and strong cash flow generation,” said Bezhalel Machlis, President and CEO. Elbit Systems also reported stronger margins during the quarter. Adjusted gross profit increased to $586.5 million, equivalent to 25.6% of revenue, compared with $480.4 million and a 24.4% margin in the same period last year. Adjusted operating income rose to $237.5 million from $175.1 million. The corresponding operating margin expanded to 10.4% from 8.9%, showing that profitability improved alongside the company’s double-digit sales growth. Despite the earnings beat, record backlog and margin expansion, Elbit Systems shares moved sharply lower before the opening bell. The company’s operations continue to be affected by conflicts in the Middle East, including renewed hostilities between the U.S. and Iran in early July 2026 following the collapse of a memorandum of understanding. The negative share-price reaction despite stronger financial results suggests investors are weighing factors beyond the headline earnings numbers, including the broader geopolitical environment surrounding the defence company. Elbit Systems’ board also declared a dividend of $1.00 per share, scheduled for payment on October 26, 2026. For investors, the quarter delivered several positive operating indicators: revenue increased 16%, adjusted earnings exceeded expectations, margins expanded and backlog reached a record $32 billion. The 6% pre-market decline, however, shows that those results were not enough to support the stock immediately following the release, putting attention on geopolitical risks and how effectively Elbit converts its record order book into future revenue and earnings. Elbit Systems stock price

Elbit Systems (ESLT) reported $2.29 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 15.9%. EPS of $4.14 for the same period compares to $3.23 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.23 billion, representing a surprise of +2.71%. The company delivered an EPS surprise of +12.2%, with the consensus EPS estimate being $3.69. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Elbit performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues by segments- Aerospace: $495 million versus $526.69 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.8% change. Revenues by segments- C4I and Cyber: $252.9 million versus the two-analyst average estimate of $253.33 million. The reported number represents a year-over-year change of +11.5%. Revenues by segments- Intersegment revenue: $-155.6 million versus $-160.23 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change. Revenues by segments- Land: $770.2 million versus the two-analyst average estimate of $742.15 million. The reported number represents a year-over-year change of +32.1%. Revenues by segments- ESA: $476.8 million versus the two-analyst average estimate of $435.87 million. The reported number represents a year-over-year change of +16.5%. Revenues by segments- ISTAR and EW: $447.8 million versus $429 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +21.9% change. View all Key Company Metrics for Elbit here>>> Shares of Elbit have returned +15.1% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Elbit Systems Ltd. (ESLT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Elbit Systems (ESLT) came out with quarterly earnings of $4.14 per share, beating the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $3.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.20%. A quarter ago, it was expected that this maker of defense electronics would post earnings of $3.44 per share when it actually produced earnings of $3.87, delivering a surprise of +12.5%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Elbit, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $2.29 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.71%. This compares to year-ago revenues of $1.97 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Elbit shares have added about 46.5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Elbit has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Elbit was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.82 on $2.27 billion in revenues for the coming quarter and $15.81 on $9.14 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Mercury Systems (MRCY), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 18. This maker of processing systems and software is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -19.2%. The consensus EPS estimate for the quarter has been revised 10% higher over the last 30 days to the current level. Mercury Systems' revenues are expected to be $264.88 million, down 3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Elbit Systems Ltd. (ESLT) : Free Stock Analysis Report Mercury Systems Inc (MRCY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: $2.287 billion in Q2 2026, up 15.9% year-over-year from $1.973 billion in Q2 2025. GAAP Gross Margin: 25.3% of revenues, compared to 24% in Q2 2025. Non-GAAP Gross Margin: 25.6% of revenues, compared to 24.4% in Q2 2025. GAAP Operating Income: $218.8 million, or 9.6% of revenues, up from $157.8 million (8% of revenues) in Q2 2025. Non-GAAP Operating Income: $237.5 million, or 10.4% of revenues, up from $175.1 million (8.9% of revenues) in Q2 2025. GAAP Diluted EPS: $3.61, up 34% from $2.69 in Q2 2025. Non-GAAP Diluted EPS: $4.14, up 28% from $3.23 in Q2 2025. Backlog: Record $32 billion as of June 30, 2026, with approximately 70% from outside Israel. Cash Flow from Operations: $237 million in Q2 2026, compared to $120 million in Q2 2025. Free Cash Flow: $150 million in Q2 2026, compared to $71 million in Q2 2025. Cash Conversion: 86% for the quarter. Segment Revenue Growth (Q2 2026 vs. Q2 2025): C4I and Cyber up 11%; ISTAR and EW up 22%; Land up 32%; Elbit Systems of America up 17%; Aerospace down 8%. Net R&D Expenses: $159.1 million, or 7% of revenues, compared to $129.7 million (6.6% of revenues) in Q2 2025. Marketing and Selling Expenses: $103.2 million, or 4.5% of revenues, compared to $91.5 million (4.6% of revenues) in Q2 2025. G&A Expenses: $97.9 million, or 4.3% of revenues, compared to $93.9 million (4.8% of revenues) in Q2 2025. Financial Expenses: $22 million, down from $31.2 million in Q2 2025. Taxes on Income: $32.7 million, up from $7.1 million in Q2 2025, with an effective tax rate of 16.4% vs. 5.6%. Warning! GuruFocus has detected 3 Warning Signs with ACCS. Is ESLT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record backlog of $32 billion, up 34% year-over-year, providing strong revenue visibility. Double-digit growth in revenues (15.9%), operating income, and EPS, with margins expanding beyond internal targets. Strong cash generation with operating cash flow of $237 million and free cash flow of $150 million in Q2 2026. Major contract wins, including $1.4 billion European program, $760 million PULS in Greece, and $370 million US border protection awards. Customers increasingly fund capacity expansion, reducing Elbit's capital burden and accelerating growth. Aerospace segment revenues declined 8% due to unfavorable project mix and lower training and simulation sales in Europe. Effective tax rate jumped to 16.4% from 5.6% due to OECD Pillar II rules, impacting net income. Increased R&D spending of $70 million in H1 2026, partially funded by company resources, pressures near-term profitability. Revenue growth (16%) lags backlog growth (34%), indicating potential delays in converting orders to sales. Dependence on Israel for 37% of revenues exposes the company to regional geopolitical risks. Q: How do you think about the medium-term growth profile of the company given the record backlog growth and continued demand in Europe and the US?A: Bezhalel Machlis (President and CEO) stated that the company sees growing demand across Europe, the US, Asia Pacific, and its region, with a very large funnel of opportunities. He highlighted Elbit's unique business model of transferring IP and technology to partners and subsidiaries, which supports local economies and strengthens its market position. The company is investing about $300 million in capital to build new production facilities and improve productivity to convert the record backlog into revenues and profits. Kobi Kagan (CFO) added that the 34% year-over-year growth in backlog versus 16% revenue growth provides extended visibility and confidence in resilient future growth. Q: Can you discuss the one-time favorable project mix in Elbit Systems of America and the growth outlook for night vision systems and the Howitzer program?A: Bezhalel Machlis (President and CEO) noted that Elbit Systems of America is expanding its footprint, with growth driven by avionics, night vision capabilities (now sole supplier of ENVG-B), sonobuoys, and active protection systems. He highlighted a prestigious border protection award and continued investment in bringing technologies from Israel to the US. While he couldn't guarantee the same growth pace as this quarter, he expressed confidence that the US market will continue to grow. Q: Have you seen a change in customers' willingness to fund CapEx directly to add capacity and shorten delivery times, and could this allow Elbit to accelerate capacity expansion while maintaining discipline?A: Kobi Kagan (CFO) confirmed a significant market shift where customers are now willing to match Elbit's investments or even finance the entire factory for technology transfer to their territory. This is a new trend over the last two to three years, meaning that beyond the company's own $300 million CapEx investment, additional amounts are being funded by customers. This allows for faster capacity expansion and backlog conversion without compromising financial discipline. Q: As autonomy becomes more important on the battlefield, how do you envision Elbit's role in that ecosystemas an integrated provider or as a software platform integrator?A: Bezhalel Machlis (President and CEO) explained that Elbit is unique in being very vertical, owning technology from product level to system solutions. The company is open to offering products, infrastructure, systems, or full solutions based on customer needs. He emphasized Elbit's willingness to share technologies and IP with partners and subsidiaries worldwide, which supports local economies and encourages customers to finance local production and development facilities, ensuring security of supply. Q: What are you seeing in the maritime domain, and what is driving the high-power laser demand in Asia Pacific?A: Bezhalel Machlis (President and CEO) described the maritime domain as a growth engine, citing advanced naval EW (including the UK future naval EW program), sonobuoys via Sparton in the US, operational unmanned surface vessels, sonars from GTI in Canada, and ship upgrades. Regarding high-power lasers, Elbit is delivering sources for the Israeli program, developing airborne solutions for helicopters and fighter aircraft, and seeing huge international interest across all continents, as the solution is unique in the market. Q: Can you quantify how much of the backlog could be converted faster to revenue if customer-funded CapEx materializes?A: Kobi Kagan (CFO) noted that since 2022, backlog growth has consistently outpaced revenue growth, often by double the cadence. With revenue growth of 14% in 2024, 15% in 2025, and continued growth this year, the company has strong confidence in its ability to convert the backlog into revenue. The improved visibility and accelerated pace of revenue growth demonstrate the effectiveness of the company's capacity expansion strategy. Q: What drove the strong cash flow performance in the quarter, and how should we view the sustainability of cash conversion?A: Kobi Kagan (CFO) reported cash provided by operating activities of $237 million in Q2 2026, up from $120 million in Q2 2025, driven by increased net income and a strong increase in contract liabilities. Free cash flow was $150 million, with cash conversion at a strong 86% for the quarter, reflecting the quality of earnings and disciplined working capital management. Q: Can you elaborate on the impact of the new Israeli R&D law and the increase in R&D spending?A: Kobi Kagan (CFO) explained that the Knesset enacted a new R&D law effective January 1, 2026, encouraging R&D efforts in Israel. Elbit increased R&D spend in the first half by about $70 million, with roughly half funded by the new incentive law and the other half from company resources. This investment supports future growth and next-generation technologies, including advanced AI capabilities, while maintaining margin expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Order backlog at $32.0 billion; Revenues of $2.3 billion; GAAP net income of $173.6 million; Non-GAAP net income of $199.1 million; GAAP net EPS of $3.61; Non-GAAP net EPS of $4.14 HAIFA, Israel, Aug. 11, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company"), the international high technology defense company, reported today its consolidated results for the second quarter ended June 30, 2026. In this release, the Company is providing US-GAAP results as well as Non-GAAP financial data, which are intended to provide investors with a more comprehensive view of the Company's business results and trends. For a description of the Company's Non-GAAP definitions see page 11 below, "Non-GAAP financial data". Unless otherwise stated, all financial data presented is US-GAAP financial data. Management Comment: Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, stated: "The strong momentum in the second quarter was sustained, delivering double-digit growth in sales, backlog and earnings per share, improved profitability, and strong cash flow generation. Our backlog reached a new record of $32 billion, providing long-term visibility and demonstrating the continued confidence of customers worldwide in Elbit Systems' technologies and capabilities. Elbit Systems continues to invest in R&D to secure our future growth. Our increased capital investments in production infrastructure reflect a disciplined approach to scaling the business, enhancing execution, increasing capacity, and supporting our ability to deliver at scale, while converting backlog into sustainable revenue and earnings growth. Elbit Systems is leading the development of next-generation high power laser and directed energy capabilities. Most recently, we unveiled our airborne high-power laser system, currently under development for helicopters and fighter aircraft. This new capability builds on decades of technological and operational experience and will further expand Elbit Systems' broad portfolio of systems, supporting customers and helping protect nations and critical assets around the world." Second quarter 2026 results: Revenues in the second quarter of 2026 were $2,287.1 million, as compared to $1,972.7 million in the second quarter of 2025. C4I and Cyber revenues increased by 11% in the second quarter of 2026, as compared to the second quarter of 2025, mainly due to the increase in radio systems and command and control systems sales in Europe. ISTAR and EW revenues increased by 22% in the second quarter of 2026, as compared to the second quarter of 2025, mainly due to increased sales of airborne and land High Power Laser, Electronic Warfare and Maritime systems in Asia-Pacific. Land revenues increased by 32% in the second quarter of 2026, as compared to the second quarter of 2025, mainly due to ammunition and munition sales in Israel. Elbit systems of America revenues increased by 17% in the second quarter of 2026, as compared to the second quarter of 2025, mainly due to a one-time favorable project mix and the increase in sales of Night-Vision Systems, Maritime systems and Electronic systems. Aerospace revenues decreased by 8% in the second quarter of 2026, as compared to the second quarter of 2025, mainly due to a one-time unfavorable project mix and decreased sales of training and simulation systems in Europe partially offset by the increase in UAV sales in Israel. For distribution of revenues by segments and geographic regions see the tables on page 10. GAAP gross profit in the second quarter of 2026 was $579.0 million (25.3% of revenues), as compared to $472.9 million (24.0% of revenues) in the second quarter of 2025. Non-GAAP(*) gross profit amounted to $586.5 million (25.6% of revenues) in the second quarter of 2026, as compared to $480.4 million (24.4% of revenues) in the second quarter of 2025. Research and development expenses, net were $159.1 million (7.0% of revenues) in the second quarter of 2026, as compared to $129.7 million (6.6% of revenues) in the second quarter of 2025. Marketing and selling expenses, net were $103.2 million (4.5% of revenues) in the second quarter of 2026, as compared to $91.5 million (4.6% of revenues) in the second quarter of 2025. General and administrative expenses, net were $97.9 million (4.3% of revenues) in the second quarter of 2026, as compared to $93.9 million (4.8% of revenues) in the second quarter of 2025. GAAP operating income in the second quarter of 2026 was $218.8 million (9.6% of revenues), as compared to $157.8 million (8.0% of revenues) in the second quarter of 2025. Non-GAAP(*) operating income was $237.5 million (10.4% of revenues) in the second quarter of 2026, as compared to $175.1 million (8.9% of revenues) in the second quarter of 2025. Financial expenses, net were $22.0 million in the second quarter of 2026, as compared to $31.2 million in the second quarter of 2025. The decrease in financial expenses, net in the second quarter of 2026 was mainly due to a reduction in the average debt. Taxes on income were $32.7 million (effective tax rate of 16.4%) in the second quarter of 2026, as compared to $7.1 million (effective tax rate of 5.6%) in the second quarter of 2025. The higher tax expense in the second quarter of 2026 was mainly driven by the implementation of the OECD Pillar II global minimum tax rules. * see page 11 GAAP net income attributable to the Company's shareholders in the second quarter of 2026 was $173.6 million (7.6% of revenues), as compared to $125.7 million (6.4% of revenues) in the second quarter of 2025. The increase in net income attributable to the Company's shareholders in the second quarter of 2026 was in line with the increase in the Company's activity. Non-GAAP(*) net income attributable to the Company's shareholders in the second quarter of 2026 was $199.1 million (8.7% of revenues), as compared to $151.0 million (7.7% of revenues) in the second quarter of 2025. GAAP diluted earnings per share attributable to the Company's shareholders in the second quarter of 2026 were $3.61, as compared to $2.69 in the second quarter of 2025. Non-GAAP(*) diluted net earnings per share attributable to the Company's shareholders were $4.14 for the second quarter of 2026, as compared to $3.23 for the second quarter of 2025. The Company's order backlog as of June 30, 2026 totaled $32.0 billion. The increase in backlog during the quarter came mainly from Europe. Approximately 73% of the current backlog is attributable to orders outside of Israel. Approximately 42% of the order backlog is scheduled to be performed during the remainder of 2026 and 2027. Cash flow provided by operating activities in the six months ended June 30, 2026 was $517.8 million, as compared to cash flow provided by operating activities of $304.0 million in the six months ended June 30, of 2025. The cash flow in the second quarter of 2026 was affected mainly by the strong increase in net income and an increase in contract liabilities. * see page 11 Impact of the recent conflicts in the Middle East on the Company: The war which began on October 7, 2023, continued throughout most of 2025, with ceasefires agreed to between Israel and Lebanon involving the conflict with Hezbollah in November 2024, and, after an intensified period of conflict that lasted 12 days, a ceasefire was declared with Iran in June 2025. A ceasefire with Hamas was agreed to in January 2025, and a subsequent ceasefire with Hamas was agreed to in October 2025. On February 28, 2026, the U.S. and Israel launched a joint attack on Iran named "Operation Epic Fury" by the U.S., and "Operation Roaring Lion" by Israel, targeting key Iranian officials and targets. Iran launched attacks against Israel and at U.S. military bases across the region, including strikes in Bahrain, Qatar, Saudi Arabia, the United Arab Emirates, Kuwait and Jordan. On March 2, 2026 Hezbollah launched an attack on Israel. After an intensified period of conflict that lasted 40 days, a two-week ceasefire between the United States and Iran, which was subsequently extended, took effect on April 8, 2026, and a separate ten–day cessation of hostilities between Israel and Lebanon, which was subsequently extended, began on April 16, 2026. On June 18, 2026, the U.S. and Iran signed a Memorandum of Understanding at Versailles providing for, among other things, the reopening of the Strait of Hormuz and a 60-day period for further negotiations. On June 26, 2026, a trilateral ceasefire agreement was signed between Israel, the U.S. and Lebanon. In early July 2026, the U.S.-Iran MOU collapsed following Iranian attacks on merchant ships attempting to transit the Strait of Hormuz and subsequent U.S. strikes on Iranian targets; as of the date of this filing, hostilities between the U.S. and Iran have resumed. The current situation remains uncertain, including in light of violations of the ceasefire arrangements since they began. Since the commencement of the war and the escalation of conflicts in the Middle East, Elbit Systems has experienced a continued material increase in the demand for its products and solutions from the Israel Ministry of Defense (IMOD) compared to the demand levels prior to the war. Such increased demand may continue and could generate material additional orders to the Company. As a result of the war and the other conflicts in the Middle East, some of Elbit Systems' operations have experienced disruptions due to supply chain and operational constraints, including among others increases in transportation costs and delays due to factors such as the Houthi movement attacks on shipping in the Red Sea, material and component shortages and elevated prices, employee call-ups for reserve duty, limitations imposed by some countries on engagement with Israel and attacks on some of Elbit Systems' global facilities by anti-Israeli organizations. Elbit Systems has taken various steps to protect its employees worldwide, to support increased production, to increase raw material and component inventories, to mitigate supply chain disruptions and to maintain business continuity. Following the ceasefire agreements described above, these operational effects on the Company have been reduced, however, such effects on the Company's performance could increase again, depending on future developments that are difficult to predict at this time, including the duration and scope of these conflicts and the continuity and stability of the ceasefire arrangements. The Law for the Encouragement and Incentivization of Research and Development: On March 31, 2026, the Knesset enacted the Law for the Encouragement and Incentivization of Research and Development 5786-2026 (the "R&D Law"). The R&D Law applies to qualifying R&D expenditures incurred at the beginning of the tax year starting January 1, 2026. The Company implemented the new R&D Law for the first time and recognized a cumulative year-to-date impact of approximately $40 million. Recent Events: On May 28, 2026, the Company announced that it was awarded a contract valued at approximately $350 million from an international customer to deliver upgrades for Main Battle Tanks (MBTs). The program includes the integration of advanced Fire Control Systems, Electric Gun & Turret Drive Systems, Communication and Situational Awareness solutions, as well as Mid Life Upgrade package. The contract will be performed over a period of four years. On July 20, 2026, the Company announced that its U.S. subsidiary, Elbit Systems of America, LLC, has received multiple awards from U.S. Customs and Border Protection totaling over $370 million to enhance U.S. national security, with work to be performed through May 2029. On August 6, 2026, the Company announced that at its Annual General Meeting of Shareholders held on August 5, 2026 at the Company's offices in Haifa, the proposed resolutions described in the Proxy Statement to the Shareholders dated July 1, 2026 were approved by the required majority. Dividend: The Board of Directors declared a dividend of $1.00 per share. The dividend's record date is October 13, 2026. The dividend will be paid on October 26, 2026, after deduction of withholding tax, at the rate of 16.8%. Conference Call: The Company will be hosting a conference call today, Tuesday, August 11, 2026, at 9:00 a.m. Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the teleconferencing numbers that follow. If you are unable to connect using the toll-free numbers, please try the international dial-in number. US Dial-in Number: 1-866-744-5399Canada Dial-in Number: 1-866-485-2399Israel Dial-in Number: 03-918-0644International Dial-in Number: 972-3-918-0644 at 9:00 am Eastern Time; 6:00 am Pacific Time; 4:00 pm Israel Time The conference call will also be broadcast live on Elbit Systems' website at https://www.elbitsystems.com. An online replay will be available from 24 hours after the call ends. Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1-888-782-4291 (US and Canada) or +972-3-925-5900 (Israel and International). About Elbit Systems: Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains. Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats. Elbit Systems employs over 21,000 people in dozens of countries across five continents. The Company reported $2,287.1 million in revenues for the three months ended June 30, 2026 and an order backlog of $32.0 billion as of such date. For additional information, visit: https://elbitsystems.com/, follow us on X or visit our official Facebook, Youtube and LinkedIn channels. Attachments: Consolidated balance sheetsConsolidated statements of incomeConsolidated statements of cash flowsConsolidated revenue distribution by geographical regions and by segments This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. (FINANCIAL TABLES TO FOLLOW) Non-GAAP financial data: The following Non-GAAP financial data, including Non-GAAP gross profit, Non-GAAP operating income, Non-GAAP net income attributable to the Company's shareholders, and Adjusted diluted earnings per share, is presented to enable investors to have additional information on our business performance as well as a further basis for periodical comparisons and trends relating to our financial results. We believe such data provides useful information to investors and analysts by facilitating more meaningful comparisons of our financial results over time. The Non-GAAP adjustments exclude amortization expenses of intangible assets related to acquisitions that occurred mainly in prior periods, capital gains related primarily to the sale of investments, restructuring activities, Non-identified costs in respect to special circumstances, non-cash stock based compensation expenses, revaluations of investments in affiliated companies, non-operating foreign exchange gains or losses, one-time tax expenses, and the effect of tax on each of these items. We present these Non-GAAP financial measures because management believes they supplement and/or enhance management's, analysts' and investors' overall understanding of the Company's underlying financial performance and trends and facilitate comparisons among current, past, and future periods. Specifically, management uses Non-GAAP gross profit, Non-GAAP operating income, and Non-GAAP net income attributable to the Company's shareholders to measure the ongoing gross profit, operating profit and net income performance of the Company because the measure adjusts for more significant non-recurring items, amortization expenses of intangible assets relating to prior acquisitions, and non-cash expense which can fluctuate year to year. We believe Non-GAAP gross profit, Non-GAAP operating income, and Non-GAAP net income attributable to the Company's shareholders are useful to existing shareholders, potential shareholders and other users of our financial information because they provide measures of the Company's ongoing performance that enable these users to perform trend analysis using comparable data. Management uses Non-GAAP diluted net earnings per share attributed to Company's shareholders to evaluate further adjusted net income attributable to the Company's shareholders while considering changes in the number of diluted shares over comparable periods. We believe Non-GAAP diluted net earnings per share attributable to Company's shareholders is useful to existing shareholders, potential shareholders and other users of our financial information because it also enables these users to evaluate adjusted net income attributable to Company's shareholders on a per-share basis. The Non-GAAP measures used by the Company are not based on any comprehensive set of accounting rules or principles. We believe that Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations, as determined in accordance with GAAP, and that these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. Investors are cautioned that, unlike financial measures prepared in accordance with GAAP, Non-GAAP measures may not be comparable with the calculation of similar measures for other companies. They should consider Non-GAAP financial measures in addition to, and not as replacements for or superior to, measures of financial performance prepared in accordance with GAAP. (*) While amortization of acquired intangible assets is excluded from the measures, the revenue of the acquired companies is reflected in the measures and the acquired assets contribute to revenue generation. 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