Slide 1: Investor Presentation Q2 2026
I n ve s t o r Pre s e n t at i o n Q2 2026
Slide 2: Disclaimer
// 2 DISCLAIMER This presentation, reference to which herein includes information that may be provided by This presentation may contain forward-looking statements (within the meaning of Section Elbit Systems Ltd. ("Elbit systems", and collectively with any or all of its subsidiaries, the 27A of the
Slide 3: Elbit Systems at a Glance
2025 © Elbit Sys tem s Pr opr ietar y // 3 ELBIT SYSTEMS AT A GLANCE ~$40bn Market cap1 - NASDAQ & TASE listed O U R V I S I O N $32.0bn order backlog2 To be a global leader in $8.5bn revenues in LTM Q2 2026 (up 14% from LTM Q2 2025) designing and delivering innovative solutions for a ~21,000 employ
Slide 4: Elbit's Strategic Pillars
// 4 ELBIT’S STRATEGIC PILLARS VISION To be a global leader in designing and delivering innovative solutions for a secure and safer world MISSION To be trusted partner to our customers’ needs, by delivering STRONG TRUSTED R&D AND PEOPLE GROWTH innovative technological WORLDWIDE AND VALUED INNOVATIVE
Slide 5: Financial Overview
F I N A N C I A L OV E R V I E W
Slide 6: 2025 Financial Highlights
// 6 2025 FINANCIAL HIGHLIGHTS $7.9Bn $553M $738M Revenues Free Cash Flow Non-GAAP (*) Operating profit $6.8Bn (2024) $320M (2024) $550M (2024) 16% $233M 34% $12.75 $778M $28.1Bn Non-GAAP EPS (**) Operating cashflow Backlog $8.76 (2024) $535M (2024) $22.6Bn (2024) 46% 46% 24% (*) GAAP Operating Inco
Slide 7: Q2 2026 Financial Highlights
// 7 Q2 2026 FINANCIAL HIGHLIGHTS $2.3Bn $150M $237M Revenues Free Cash Flow Non-GAAP (*) Operating profit $2.0Bn (Q2 2025) $71M (Q2 2025) $175M (Q2 2025) 15.9% +80$M 36% $4.14 $237M $32.0Bn Non-GAAP EPS (**) Operating cashflow Backlog $3.23 (Q2 2025) $120M (Q2 2025) $23.8Bn (Q2 2025) 28% 97% 34% (*
Slide 8: Revenue and Backlog by Geography
// 8 Q1 2026 RESULTS | REVENUE AND BACKLOG $M LATAM OTHER BACKLOG INCREASES BY 1,744 during the quarter 1% 3% APAC -7% +3% NORTH AMERICA 15% 21% 1,300 | +9% 1,760 | +8% 27% 8,609 LTM 6/26 ISRAEL Revenue by BL 6/26 EURO Geography Total BL 26% 73% 31,952 2,195 | +11% ISRAEL 23,343 +34%* 34% 2,950 | +2
Slide 9: Business Segments | Annual Revenue $M
// 9 BUSINESS SEGMENTS | ANNUAL REVENUE $M 2023 2024 2025 +38% +2% 2,319 2,036 2,067 20% 20% +7% ESA 1,873 AEROSPACE +16% 1,694 1,679 1,586 1,526 Q2 2026 1,465 1,318 1,306 1,179 +16% Revenue 931 Split 10% 800 C4I & CYBER 721 32% LAND CAGR 5% CAGR 14% CAGR 14% CAGR 33% CAGR 8% 18% ISTAR & E
Slide 10: Business Segments | Annual Operating Income GAAP
/ / 10 BUSINESS SEGMENTS | ANNUAL OPERATING INCOME GAAP 2023 2024 2025 11.4% 11.4% 9.0% 8.5% 7.8% 7.3% 7.4% 7.0% 7.3% 7.2% 6.7% 6.0% 6.2% 3.5% (0.3%) Aerospace C4I & Cyber ISTAR & EW Land ESA
Slide 11: EPS Non-GAAP $
/ / 11 EPS NON-GAAP $ EPS YoY INCREASE 4.14 2026 3.87 12.75 3.56 3.35 2025 3.23 8.76 2.66 2.57 2024 6.7 2.21 2.08 1.81 1.78 2023 1.65 1.71 1.56 Q1 Q2 Q3 Q4 2023 2024 2025
Slide 12: Free Cash Flow $M
/ / 12 FREE CASH FLOW $M First quarter 2026 Free Cash Flow $210 778 225 553 535 215 518 158 FCF 360 320 Purchase of PP&E 240 205 114 187 Net Cash provided 35 by operating activities 2022 2023 2024 2025 H1 2026 (73) GAAP CASH CONVERSION RATIO FOR 2025 103% FCF GENERATION CONTINUED TO IMPROVED ALONGSI
Slide 13: Order Backlog & Revenues | Accelerated Growth
/ / 13 ORDER BACKLOG & REVENUES | ACCELERATED GROWTH $M 3.74 31,952 28,131 22,617 Backlog to Revenue Ratio 17,756 15,118 Backlog 2.36 13,661 11,024 7,939 8,546 Revenues 6,828 5,279 5,511 5,975 4,663 2020 2021 2022 2023 2024 2025 LTM 6.26 19% 2020-6/2026 11% Backlog CAGR Revenue CAGR
Slide 14: Capital Allocation Framework
/ / 14 CAPITAL ALLOCATION FRAMEWORK CONSISTENTLY INVEST IN RETURN CASH TO MAINTAIN A STRONG ORGANIC GROWTH SHAREHOLDERS BALANCE SHEET R&D $583m in LTM Q2 2026 $112m dividends CAPEX distributed to NET CASH/EBITDA $311m in LTM Q2 shareholders in 2025 0.7X in LTM Q2 2026 2026 DIVIDEND INCREASED TO $1.0
Slide 15: Appendix | Non-GAAP Financial Data
// 15 APPENDIX | NON-GAAP FINANCIAL DATA The non-GAAP financial data, including Adjusted gross profit, Adjusted operating income, We believe adjusted diluted earnings per share is useful to existing shareholders, potential Adjusted net income, and Adjusted diluted earnings per share, is presented to
Slide 16: Thank You
THANK YOU INVESTOR CONTACTS Dr. Yaacov (Kobi) Kagan, Executive VP - CFO Daniella L. Finn, Vice President Investor Relations Tel: +972-77296663 | kobi.kagan@elbitsystems.com Tel: +972-54-42636 | daniella.finn@elbitsystems.com