São José dos Campos, Brazil: Embraer reported record revenue of US$2.3 billion for the third quarter of 2026, marking a 17% increase compared with the same period last year. The Brazilian aircraft manufacturer also raised its full year revenue and cash flow forecasts, citing consistent financial performance and stronger contributions from its Services & Support and Defense & Security businesses.
The company’s adjusted earnings before interest and taxes (EBIT) reached US$254.8 million during the quarter, representing a margin of 10.9%, compared with 8.6% in the third quarter of 2025. Adjusted free cash flow, excluding its Eve business, stood at US$627.7 million, supported by improved operating performance and customer payments received ahead of aircraft deliveries.
Despite the increase in revenue, Embraer’s adjusted net income for the quarter declined to US$73.6 million, excluding US$2.5 million in extraordinary items related to Eve’s results. The corresponding figure for the same period last year was US$84.3 million. The company attributed the decline mainly to higher net financial and tax expenses.
All four of Embraer’s main business units recorded revenue growth during the third quarter.
Commercial Aviation generated US$696 million in revenue, an increase of 13% compared with the previous year. The growth was supported by higher delivery volumes and prices.
Executive Aviation recorded revenue of US$655 million, up 12%, primarily driven by higher prices and a favourable product mix.
The Defense & Security division reported revenue of US$341 million, representing a 22% increase. The improvement was supported by higher revenue recognition from the KC-390 Millennium programme, reflecting increased volumes, customer mix and the stage of production.
Services & Support recorded the highest growth among the business units, with revenue rising 30% to US$638 million. The company attributed the increase to higher volumes across its service segments.
Embraer delivered 66 aircraft across its business divisions during the third quarter, compared with 62 in the corresponding period last year, representing a 6% increase.
Commercial Aviation accounted for 22 deliveries, comprising 11 E2 family aircraft and 11 first generation E-Jets. Executive Aviation delivered 41 business jets, including 22 light jets and 19 medium jets. The remaining three deliveries were in the defence segment, comprising one KC-390 Millennium military transport aircraft and two A-29 Super Tucano aircraft.
The company’s total order backlog also reached a new record of US$35.7 billion at the end of the quarter. This represented a 3% increase from the previous quarter and a 14% rise compared with the third quarter of 2025.
Following its third quarter performance, Embraer revised its financial outlook for 2026.
The company now expects full year revenue to reach between US$8.4 billion and US$8.6 billion, compared with its previous forecast of US$8.2 billion to US$8.5 billion.
Its adjusted free cash flow forecast, excluding Eve, has also been increased to at least US$700 million, up from the earlier projection of US$400 million or higher.
The revised outlook reflects the company’s performance during the first nine months of the year and its expectations for stronger contributions from its Services & Support and Defense & Security businesses.
The latest results mark another record third quarter for Embraer, with higher revenue, aircraft deliveries and order backlog alongside an improved financial outlook for the remainder of 2026.
