Embraer CEO: Eve Subsidiary to Generate $1B-$1.5B Annual Revenue Post-2028 Service
EVEX sits 29% above its 52-week low of $2.34.
Summary
Embraer's CEO projects its electric aircraft subsidiary, Eve, will generate $1 billion to $1.5 billion in annual revenue after its eVTOL enters service in 2028. This significant long-term revenue outlook provides a positive counterpoint to Eve's recent history of substantial net losses, including a $(68.8) million loss in Q1 2026, and ongoing funding needs. The projection offers a clear vision for future growth and potential profitability, which is crucial for a company in its development phase. Watch for updates on the eVTOL's certification and 2028 service entry.
At the time of this announcement, EVEX was trading at $3.03 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $996.2M. The 52-week trading range was $2.34 to $7.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.