▶ Embraer Reports Record Second Quarter with $2.2 Billion in Revenue and Raises Full-Year 2026 Guidance

Brazilian aircraft manufacturer Embraer reported revenue of $2.2 billion for the second quarter of 2026 (2Q26), marking an all-time record for the April-June period. This figure represents a 23% increase compared to the same period in fiscal year 2025.

On a consolidated basis, the company achieved an adjusted Earnings Before Interest and Taxes (EBIT) of $296.9 million, equivalent to an adjusted EBIT margin of 13.3%. Meanwhile, adjusted free cash flow (excluding subsidiary Eve) reached $401 million, supported by solid operational execution, higher sales-related advance payments, and the application of an extraordinary tax credit.

The combination of this tax credit, duty exemptions, and an optimistic business outlook led executive management to revise and raise its financial outlook (guidance) for year-end 2026:

Adjusted EBIT Margin: Revised upward to a range of 10% to 10.6% (compared to the previous target of 8.7% to 9.3%).
Adjusted Free Cash Flow (excluding Eve): Projected at $400 million or higher (exceeding the previous estimate of $200 million or higher).

Regarding net profitability, adjusted net income increased to $218.6 million in 2Q26, up from $158 million reported in 2Q25. Net income attributable to shareholders totaled $212.6 million, while earnings per American Depositary Share (ADS) reached $1.1880, substantially outperforming the $78.6 million and $0.4283 achieved in the second quarter of 2025, respectively.

Total investments for the period reached $120.8 million (compared to $97.5 million in 2Q25), rising to $151 million when consolidating Eve’s operations.

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Business Unit Performance

Embraer’s operational growth during the second quarter demonstrated strong momentum across its four core divisions:

Defense & Security

This was the fastest-growing division in relative terms, reporting revenue of $304 million—a 38% year-over-year increase. This performance was driven by revenue recognition for the KC-390 Millennium multi-mission transport aircraft, associated with customer mix and product stage. The division’s gross margin increased from 19.5% to 20.6%, while the adjusted EBIT margin scaled from 9.2% to 11.9% thanks to operating leverage.

Executive Aviation

Generated $725 million in revenue, up 32% compared to 2Q25, benefiting from higher delivery volumes and a favorable product mix.

Services & Support

Reached $565 million in revenue, marking 24% year-over-year growth reflected across higher volume in all aftermarket segments.

Commercial Aviation

Recorded revenue of $625 million, 8% higher than the amount billed in the same period last year, sustained by a higher delivery pace.

Breakdown of Operations: Business Units (2Q26 vs. 2Q25)

Business Unit	2Q26 Revenue (USD)	Year-over-Year (YoY) Change	Key Drivers
Executive Aviation	$725 million	+32%	Higher delivery volume and product mix.
Commercial Aviation	$625 million	+8%	Increase in aircraft delivery volume.
Services & Support	$565 million	+24%	Expansion across all service segments.
Defense & Security	$304 million	+38%	Progress on the KC-390 Millennium program and operating leverage.

Aircraft Deliveries and Order Backlog

During 2Q26, Embraer completed the delivery of 65 aircraft, marking its best second-quarter performance in 16 years and a 7% growth compared to the previous year. With this result, cumulative deliveries for the first half of 2026 (1H26) reached 109 aircraft—an approximate 20% increase compared to the 91 units delivered in 1H25—a result attributed to production smoothing initiatives across the supply chain.

Furthermore, the firm order backlog reached a record $34.5 billion. With this outcome, the company has logged seven consecutive quarters of sequential growth in its order backlog, recording a 16% expansion compared to the backlog reported in the second quarter of 2025.

Embraer Reports Record Second Quarter with $2.2 Billion in Revenue and Raises Full-Year 2026 Guidance