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ESLT, RKLB and UMAC are among the stocks in the drone technology space worth considering for investment.
Elbit Systems Signed Contracts with an International Customer Valued at Approximately $270 Million for Advanced ISR and Targeting Payloads
HAIFA, Israel, Sept. 1, 2026 /PRNewswire/ -- Elbit Systems Ltd.
KTOS and ESLT are expanding in advanced defense technologies as demand rises for unmanned systems, electronic warfare and more.
Elbit Systems (ESLT) delivered robust Q2 2026 results, with revenue up 15.9% YoY and backlog reaching ~$32B, up 34% YoY. ESLT's diversified business, strong international expansion, and effective backlog conversion support its premium valuation despite high multiples. Free cash flow more than doubled YoY, and the company maintains a net cash position, enabling self-funded growth and R&D investment.
Elbit Systems remains a Buy despite a 17% stock drop, supported by strong Q2 growth and a record $32B backlog. Q2 revenue rose 15.9% year-over-year, with margin expansion and free cash flow more than doubling, though capacity constraints cap near-term upside. Backlog growth is driven by international demand, especially from Europe, but delivery schedules and operational risks remain material.
Elbit Systems Ltd. (ESLT) Q2 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Elbit (ESLT) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.