Embraer Lifts 2026 Outlook on Record Q2 Revenue and Backlog
EMBJ sits 37% above its 52-week low of $53.56.
Summary
Embraer posted record Q2 revenue of $2.2 billion and a $34.5 billion backlog, then sharply raised its 2026 profit and cash flow guidance. The results highlight broad-based demand and improving profitability across commercial, executive, defense, and services segments.
Key Events · Earnings and Guidance · EMBJ
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Record Q2 Revenue and Backlog
Revenue reached $2.2 billion, up 23% year-over-year, driven by 65 aircraft deliveries—the highest Q2 total in 16 years. Backlog hit a seventh consecutive record at $34.5 billion, with a consolidated book-to-bill of 1.6x.
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2026 Guidance Raised Sharply
Adjusted EBIT margin guidance increased to 10.0%-10.6% from 8.7%-9.3%, and free cash flow guidance was more than doubled to at least $400 million from $200 million, reflecting strong execution and demand.
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Broad-Based Profitability Gains
All four business units posted revenue growth and margin expansion. Executive Aviation EBIT margin surged to 23.4% (up 890 bps), Defense & Security to 11.9% (up 270 bps), and Services & Support to 18.7% (up 320 bps).
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Balance Sheet Strengthens Further
Net debt (excluding Eve) to adjusted EBITDA improved to 0.2x from 0.7x a year ago, with a well-laddered debt profile averaging 9.2 years maturity at 5.1% cost.
Analysis · EMBJ · Manufacturing
A historic second quarter saw revenue jump 23% to $2.2 billion, while backlog climbed to a seventh straight record of $34.5 billion. The strength prompted management to raise full-year adjusted EBIT margin guidance to 10.0%–10.6% and free cash flow to at least $400 million, both well above prior targets. All four business units expanded, with Executive Aviation and Defense & Security delivering standout margin gains. The balance sheet also improved, as net debt to EBITDA fell to just 0.2x, and a dividend was declared. The report signals that operational momentum is not merely holding—it is accelerating.
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In the 30 days to Oct 1, 2026, 41.8% of the 328 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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.