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Elbit Systems’ Advanced UAV Portfolio Is Driving Sustained Global Demand; But For How Long?

Elbit Systems Ltd. reported strong financial performance in the third quarter of 2025, showing sustained growth and improved profitability. The company’s revenue reached $1.922 billion, marking a year-over-year increase of 12% from $1.718 billion in 2024. This indicates solid growth within a challenging global defense market, highlighting increasing demand for Elbit’s solutions, especially in Europe and Israel. The company’s GAAP gross margin increased to 24.9% from 24% a year earlier, while the non-GAAP gross margin also rose to 25.2% from 24.4%. Operating income also saw a substantial rise, reaching $171.4 million, up from $125.8 million in the same quarter last year, with non-GAAP figures reflecting similar growth trends. This margin expansion is attributed to a better mix of high-margin contracts and improved operational efficiencies, aided by strategic investments in technology and process optimization. Segment-wise, Elbit experienced mixed revenue trends.