Why Is ELBIT SYSTEMS LTD (ESLT) Stock Down Today?

Why ESLT stock is down today

Elbit Systems Ltd. shares fell 8.84% to $771.23 in early trading on Monday, marking one of the largest single-day declines in recent months. The drop followed the release of the company’s Q2 earnings and a presentation of its 2026 Q2 results, despite beating expectations on both earnings and revenue. The stock opened with a 6.3% gap down from the previous close and continued to fall throughout the session, reaching an intraday low of $771.23.

What Happened

The company reported non-GAAP earnings per share of $4.14, exceeding the consensus estimate of $3.68, and revenue of $2.29 billion, which beat estimates by $60 million. The firm also announced a $1.00 dividend and highlighted a record $32 billion backlog and improved profit margins. Despite these strong fundamentals, the stock reacted negatively to weaker-than-expected aerospace sales and a significant increase in R&D spending. The broader market context included renewed concerns over the Iran conflict, which weighed on defense stocks despite the company’s strong performance.

What The Data Shows

The stock opened at $793.05 and quickly fell to a session low of $771.23. The volume was 0.0M shares, which is 0.2 times the 3-month daily average. The stock is currently trading within its 52-week range of $432.85 to $1016.06. The market cap stands at $40.1 billion, with a P/E ratio of 67.5 and a dividend yield of 0.39%. The company has a revenue growth of 14.8% trailing twelve months and a net margin of 7.1%.

What To Watch

Investors should monitor the company’s upcoming earnings date, if provided, and the broader market sentiment toward defense and aerospace sectors. Coverage breadth and any additional corporate actions will also be key factors to observe in the coming days.