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Elbit Systems stays a Buy despite 17% drop, backed by strong Q2 growth and $32B backlog.

Company Fundamentals
12 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Elbit Systems experienced a 17% stock drop but remains a Buy due to strong Q2 revenue growth of 15.9% year-over-year and a record $32 billion backlog. The company saw margin expansion and more than doubled free cash flow, although capacity constraints limit near-term growth. International demand, especially from Europe, drives backlog growth, but delivery schedules and operational risks remain significant. The stock's valuation is high, making successful capacity expansion and backlog conversion crucial to justify its premium price.

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