Embraer Backlog Reaches Record $34.5B as Defense Orders Surge and Deliveries Accelerate
EMBJ sits 37% above its 52-week low of $46.54.
Summary
Embraer reported a record $34.5 billion backlog in Q2 2026, up 16% year-over-year, fueled by a landmark UAE defense order and strong commercial aircraft demand. Deliveries surged 48% from the prior quarter, with first-half results tracking well ahead of full-year guidance.
Key Events · Earnings and Guidance · EMBJ
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Record $34.5B Backlog
Driven by growth across all four business units, the total backlog climbed to a seventh consecutive all-time high of US$34.5 billion, up 7% from the prior quarter and 16% year-over-year.
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Defense Backlog Surges on UAE Order
Anchored by a landmark agreement with the UAE Air Force for 10 firm C-390 Millennium aircraft plus 10 purchase options—the largest single-country international order for the model—the Defense & Security backlog jumped 39% quarter-over-quarter and 42% year-over-year to US$6.1 billion.
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Commercial Aviation Expansion
A new firm order from Azorra for 15 E195-E2 aircraft pushed the E2 program past 500 firm orders, helping the Commercial Aviation backlog rise 15% year-over-year to US$15.1 billion.
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Deliveries Accelerate Ahead of Guidance
Embraer delivered 65 aircraft in 2Q26, a 48% increase from 1Q26 and 7% above 2Q25. First-half deliveries of 109 aircraft represent 42% of the full-year guidance midpoint, 8 percentage points ahead of the five-year historical average.
Analysis · EMBJ · Manufacturing
A landmark UAE order for 10 C-390 Millennium aircraft nearly doubled the Defense & Security backlog, propelling Embraer's total backlog to an all-time high of $34.5 billion. Commercial Aviation also expanded with a new Azorra order for 15 E195-E2s. Deliveries jumped 48% sequentially, putting the company well ahead of its full-year guidance pace. This report confirms that demand across all business units is accelerating, with the defense segment in particular transforming from a niche player to a major growth engine.
At the time of this filing, EMBJ was trading at $63.68 on NYSE in the Manufacturing sector, with a market capitalization of approximately $11.8B. The 52-week trading range was $46.54 to $80.75. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.