Elbit Systems Non-GAAP EPS of $3.23 beats by $0.66, revenue of $1.97B

* Elbit Systems press release [https://seekingalpha.com/pr/20198927-elbit-systems-reports-second-quarter-2025-results] (NASDAQ:ESLT [https://seekingalpha.com/symbol/ESLT]): Q2 Non-GAAP EPS of $3.23 beats by $0.66.
* Revenue of $1.97B (+20.9% Y/Y).
* Order backlog at $23.8 billion.
* Non-GAAP operating income was $175.1 million (8.9% of revenues) in the second quarter of 2025, as compared to $130.5 million (8.0% of revenues) in the second quarter of 2024.
* The company's order backlog as of June 30, 2025, totaled $23.8 billion. Approximately 68% of the current backlog is attributable to orders outside of Israel. Approximately 46% of the order backlog is scheduled to be performed during the remainder of 2025 and 2026.
* Cash flow provided by operating activities in the six months ended June 30, 2025, was $304.0 million, as compared to $26.0 million in the six months ended June 30, 2024.

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