Embraer Reports Record US$2.3 Billion Third-Quarter Revenue as Backlog Reaches US$35.7 Billion

Embraer has reported record third-quarter revenues of US$2.3 billion for 2026, representing a 17% increase year-on-year, as strong performances across all four of its business divisions helped drive improved financial results and prompted the Brazilian OEM to raise its full-year financial guidance.

The results for the three months ending September 2026 also saw Embraer report a record order backlog of US$35.7 billion, an increase of 14% compared with the same period last year and 3% above the previous record established in the second quarter.

The improved performance has led the company to increase its revenue forecast for 2026 to between US$8.4 billion and US$8.6 billion, up from its previous guidance of US$8.2 billion to US$8.5 billion. Embraer has also raised its adjusted free cash flow forecast, excluding its Eve business, to at least US$700 million, compared with the previous expectation of US$400 million or more.

Adjusted EBIT for the third quarter reached US$254.8 million, delivering a margin of 10.9%, compared with 8.6% during the equivalent period in 2025. Adjusted free cash flow, excluding Eve, totalled US$627.7 million, supported by stronger operating performance and increased customer pre-delivery payments.

Despite the improvement in operating performance, adjusted net income stood at US$73.6 million, excluding US$2.5 million in extraordinary items associated with Eve’s results. This compared with US$84.3 million in the third quarter of 2025, with the reduction primarily attributed to higher net financial and tax expenses. Net income attributable to Embraer shareholders was US$71.1 million, down from US$116.6 million a year earlier.

Investment across the business also increased during the quarter. Embraer invested US$149.7 million on a standalone basis, compared with US$98.6 million in the same period last year. Including Eve, consolidated investment reached US$219 million, up from US$153.4 million.

All four of Embraer’s principal business divisions recorded revenue growth, with particularly strong contributions from Services & Support and Defense & Security.

Commercial Aviation generated revenues of US$696 million, a 13% increase year-on-year, supported by higher delivery volumes and improved pricing. Executive Aviation also delivered a positive quarter, recording revenues of US$655 million, up 12% compared with the third quarter of 2025, reflecting higher prices and a favourable product mix.

Defense & Security revenues increased by 22% to US$341 million. The improvement was largely driven by higher revenue recognition associated with the KC-390 Millennium programme, reflecting increased volumes, customer mix and the stage of aircraft production.

Services & Support delivered the strongest percentage growth of the four divisions, with revenues climbing 30% year-on-year to US$638 million. The increase was supported by higher activity and volumes across its various business segments.

Aircraft deliveries also increased during the quarter, with Embraer handing over 66 aircraft between July and September, compared with 62 in the same period last year, representing growth of approximately 6%.

The total included 22 commercial aircraft, comprising 11 E2-family jets and 11 E1-family aircraft. Executive Aviation accounted for 41 deliveries, split between 22 light and 19 medium-sized business jets, while the Defence & Security division delivered three aircraft: one KC-390 Millennium and two A-29 Super Tucano light attack aircraft.

The latest results underline the breadth of Embraer’s business, with growth extending beyond its commercial aircraft programmes into executive aviation, defence and aftermarket services.

The record backlog of US$35.7 billion provides further visibility of future production and revenue opportunities, while the increased financial guidance reflects the company’s confidence in its performance during the remainder of 2026.