Embraer Raises Revenue Forecast After Record Third-Quarter Sales

Embraer raised its 2026 revenue and cash-flow forecasts on November 10 after reporting record third-quarter revenue of US$2.3 billion, up 17% from a year earlier. The Brazilian aircraft manufacturer now expects annual revenue of US$8.4 billion to US$8.6 billion, compared with its previous forecast of US$8.2 billion to US$8.5 billion. “Revenues grew 17% year-over-year (yoy), with all business units delivering solid performance,” Embraer said. It attributed the improved outlook partly to stronger contributions from Services & Support and Defense & Security. Adjusted operating earnings reached US$254.8 million, with a margin of 10.9%, compared with 8.6% a year earlier. Adjusted free cash flow excluding Eve reached US$627.7 million, which the company attributed to stronger operating performance and advance payments on sales. It raised its full-year forecast for that measure to at least US$700 million from at least US$400 million. Adjusted net income nevertheless fell to US$73.6 million from US$84.3 million a year earlier. Embraer said higher net financial expenses and tax expenses were the main reasons for the decline. Net income attributable to its shareholders was US$71.1 million, down from US$116.6 million. The company delivered 66 aircraft during the quarter, compared with 62 a year earlier: 22 commercial jets, 41 executive jets and three defense aircraft. Services & Support revenue rose 30% to US$638 million, while commercial and executive aviation revenue increased 13% and 12%, respectively. Its firm order backlog reached US$35.7 billion, up 14% from a year earlier and 3% from the previous quarter.