Embraer Lifts 2026 Outlook on Record Q2 Revenue and $401M Free Cash Flow
EMBJ sits 37% above its 52-week low of $53.56.
Summary
Embraer posted record Q2 revenue of $2.24 billion and raised 2026 EBIT margin guidance to 10.0%–10.6% and free cash flow guidance to at least $400 million, driven by strong execution and one-time benefits.
Updates
· SEC 6-K — Backlog reached $34.5 billion, a seventh consecutive all-time high. UAE ordered 10 C-390 aircraft with 10 options, the first Middle East selection. Azorra ordered 15 E195-E2 jets with 15 purchase rights.
Key Events · Earnings and Guidance · EMBJ
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Record Q2 Revenue and Profitability
Revenue reached $2,235 million, +23% yoy, an all-time high for a second quarter. Adjusted EBIT was $296.9 million with a 13.3% margin, up from 10.5% a year ago.
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2026 Guidance Raised
Adjusted EBIT margin guidance increased to 10.0%-10.6% (from 8.7%-9.3%) and adjusted free cash flow guidance to at least $400 million (from $200 million), reflecting a $110 million mid-point EBIT boost.
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Strong Free Cash Flow Generation
Adjusted free cash flow of $401.0 million in Q2, driven by operating performance, pre-downpayment inflows, and an extraordinary tax credit, reversing prior cash consumption.
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Record Backlog of $34.5 Billion
Firm order backlog reached an all-time high, up 16% yoy, with strength across all business units, including a 42% increase in Defense & Security.
Analysis · EMBJ · Manufacturing
A standout second quarter saw revenue climb 23% to $2.24 billion—an all-time high for the period—while adjusted EBIT margin expanded to 13.3%. Bolstered by an extraordinary tax credit, tariff relief, and operational gains, management raised full-year guidance for both EBIT margin and free cash flow. The record $34.5 billion backlog and $401 million in quarterly free cash flow highlight powerful demand and execution momentum. This quarter fundamentally upgrades the company's earnings power and cash generation profile.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 41% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EMBJ was trading at $73.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.1B. The 52-week trading range was $53.56 to $80.75. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.