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BAE Systems Earnings Calls
| Release date | Feb 18, 2026 |
| EPS estimate | $2.21 |
| EPS actual | $2.17 |
| EPS Surprise | -1.81% |
| Revenue estimate | 21.724B |
| Revenue actual | 21.728B |
| Revenue Surprise | 0.0186% |
| Release date | Jul 30, 2025 |
| EPS estimate | $1.84 |
| EPS actual | $1.74 |
| EPS Surprise | -5.43% |
| Revenue estimate | 19.629B |
| Revenue actual | 18.493B |
| Revenue Surprise | -5.79% |
| Release date | May 09, 2025 |
| EPS estimate | - |
| EPS actual | - |
| Revenue estimate | - |
| Revenue actual | - |
| Release date | Feb 19, 2025 |
| EPS estimate | $1.72 |
| EPS actual | $0.413 |
| EPS Surprise | -75.99% |
| Revenue estimate | 18.343B |
| Revenue actual | 17.309B |
| Revenue Surprise | -5.64% |
Last 4 Quarters for BAE Systems
Below you can see how BAESY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Feb 19, 2025 |
| Price on release | $68.10 |
| EPS estimate | $1.72 |
| EPS actual | $0.413 |
| EPS surprise | -75.99% |
| Date | Price |
|---|---|
| Feb 12, 2025 | $59.20 |
| Feb 13, 2025 | $63.07 |
| Feb 14, 2025 | $61.90 |
| Feb 18, 2025 | $67.63 |
| Feb 19, 2025 | $68.10 |
| Feb 20, 2025 | $65.30 |
| Feb 21, 2025 | $64.95 |
| Feb 24, 2025 | $66.64 |
| Feb 25, 2025 | $70.42 |
| 4 days before | 15.03% |
| 4 days after | 3.41% |
| On release day | -3.66% |
| Change in period | 18.95% |
| Release date | May 09, 2025 |
| Price on release | $90.66 |
| EPS estimate | - |
| EPS actual | - |
| Date | Price |
|---|---|
| May 05, 2025 | $97.44 |
| May 06, 2025 | $95.56 |
| May 07, 2025 | $92.51 |
| May 08, 2025 | $93.97 |
| May 09, 2025 | $90.66 |
| May 12, 2025 | $88.71 |
| May 13, 2025 | $89.52 |
| May 14, 2025 | $91.30 |
| May 15, 2025 | $94.26 |
| 4 days before | -6.96% |
| 4 days after | 3.97% |
| On release day | -2.15% |
| Change in period | -3.26% |
| Release date | Jul 30, 2025 |
| Price on release | $95.30 |
| EPS estimate | $1.84 |
| EPS actual | $1.74 |
| EPS surprise | -5.43% |
| Date | Price |
|---|---|
| Jul 24, 2025 | $100.52 |
| Jul 25, 2025 | $100.30 |
| Jul 28, 2025 | $96.82 |
| Jul 29, 2025 | $98.20 |
| Jul 30, 2025 | $95.30 |
| Jul 31, 2025 | $95.62 |
| Aug 01, 2025 | $98.15 |
| Aug 04, 2025 | $98.31 |
| Aug 05, 2025 | $98.66 |
| 4 days before | -5.19% |
| 4 days after | 3.53% |
| On release day | 0.331% |
| Change in period | -1.85% |
| Release date | Feb 18, 2026 |
| Price on release | $113.64 |
| EPS estimate | $2.21 |
| EPS actual | $2.17 |
| EPS surprise | -1.81% |
| Date | Price |
|---|---|
| Feb 11, 2026 | $106.40 |
| Feb 12, 2026 | $105.30 |
| Feb 13, 2026 | $108.29 |
| Feb 17, 2026 | $110.00 |
| Feb 18, 2026 | $113.64 |
| Feb 19, 2026 | $117.11 |
| Feb 20, 2026 | $117.78 |
| Feb 23, 2026 | $116.36 |
| Feb 24, 2026 | $117.45 |
| 4 days before | 6.80% |
| 4 days after | 3.35% |
| On release day | 3.05% |
| Change in period | 10.39% |
BAE Systems Earnings Call Transcript Summary of Q4 2025
BAE Systems reported a strong 2025 with double-digit growth across sales, EBIT and EPS, record order intake (GBP 37bn) and an all-time high backlog of GBP 84bn (~3x annual sales). Key drivers were broad, multi-domain exposure (air, land, sea, cyber, space), geographic diversification (notably expanding European and U.S. positions) and high demand for munitions, missiles (via MBDA), combat vehicles and space systems. MBDA (37.5% owned) is highlighted as a high-growth engine with backlog and capacity expansion after order cadence rose sharply since 2021. The U.S. business is scaling production (munitions, THAAD seeker, LRASM, microelectronics, Space & Mission Systems) with >$4bn invested since 2020 and workforce/footprint expansion. Group financials: 2025 sales GBP 30.7bn (+10%), underlying EBIT GBP 3.3bn (+12%), free cash flow GBP 2.2bn, net debt reduced to GBP 3.8bn (0.9x ex-leases). Dividend increased 10%; GBP 1.5bn returned to shareholders in 2025. 2026 guidance: sales +7–9%, EBIT growth above sales (group profitability up 9–11%), EPS +9–11%; free cash flow guidance >GBP 1.3bn (excludes material new advance receipts). Management plans continued high R&D and CapEx (CapEx ~GBP 1bn pa recent average, likely higher next 3 years) to support production ramps and technology development; 3-year free cash target (2026–28) >GBP 6bn (includes assumed unwind of advances). Key investor considerations/risks: advance receipts are lumpy (guidance excludes material advances), higher anticipated 2026 tax rate, maritime program margins are early-stage and expected to improve as programs mature, and medium-/long-term upside depends on future defense budgets (U.S., Europe, UK, Japan, Australia) and timing of large program awards.
