Elbit Systems stock fell 2.58 percent on October 6

Published on 10/07/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elbit Systems stock delivered USD 4.14 in adjusted Q2 EPS against USD 3.69 consensus on August 11, 2026. Jefferies cut its target to USD 790.

ESLT, IL0010811243, Illustration mit AI erstellt.

Elbit Systems (ISIN IL0010811243) stock was last at USD 691.10 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, down 2.58 percent from the prior close. The move leaves the defense technology group 32.0 percent below its 52-week high of USD 1,016.06.

Q2 beat meets market pressure

The company entered the October market with a strong Q2 2026 operating record. According to Investing.com, adjusted EPS reached USD 4.14 for the quarter ended June 30, 2026, while revenue rose 15.9 percent to USD 2.3 billion and exceeded forecasts by 3.6 percent.

The earnings comparison is equally clear on the per-share line. MarketBeat reported USD 4.14 in Q2 adjusted EPS against a consensus estimate of USD 3.69, a 12.2 percent beat, with revenue of USD 2.29 billion against USD 2.25 billion expected.

Jefferies lowers its target

The latest analyst action adds a valuation counterweight to the operating figures. On October 5, 2026, Markets Insider reported that Jefferies lowered its price target from USD 880 to USD 790 and kept a Hold rating after meetings with management. The firm cited a de-rating across defense suppliers.

That target remains 14.3 percent above the USD 691.10 price. The gap is smaller than it was before the reduction, so the market is weighing Elbit Systems' earnings execution against a more cautious sector valuation.

Stock trades below its yearly high

Elbit Systems carried a USD 32.0 billion order backlog at June 30, 2026, up 34 percent from a year earlier, according to Investing.com. Management also raised planned capital expenditure to USD 300 million to expand capacity and convert that backlog into future deliveries.

The share price therefore presents two measurable signals. Its October 6 session range was USD 681.56 to USD 704.72 on volume of 96,532 shares, while the 52-week range remains USD 453 to USD 1,016.06. For investors, the central question is whether backlog conversion can support growth while the sector multiple resets.

Elbit Systems stock stays below USD 700

Elbit Systems stock was last at USD 691.10 on Nasdaq on October 6, 2026, with a market capitalization of USD 32.4 billion. The price and the latest analyst target frame the stock's next valuation test without creating a buy or sell signal.