EarningsQ2 2026 Earnings Report
MX:EMBJN Q2 2026 EPS Results
Actual EPS$21.50
Consensus EPS$11.24
Beat/MissBeat by +$10.26
One Year Ago EPS$7.74
MX:EMBJN Q2 2026 Revenue Results
Actual Revenue$40.59B
Expected Revenue$36.40B
Beat/MissBeat by +$4.19B
YoY Revenue Growth+23.79%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeBefore Open
Conference CallMonday, August 10, 2026
MX:EMBJN Upcoming Earnings
Embraer's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EMBJN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was positive: Embraer reported record second-quarter revenue, stronger deliveries, a record backlog (+16% YoY), significant cash generation (adjusted FCF $401M) and improved leverage (net debt/EBITDA 0.2x). Strong growth in executive aviation (+32% revenue) and defense (+38% revenue) and notable order wins (E2 >500 orders, UAE C-390 order, new KC-390 customers) underpin confidence. Offsetting factors include low commercial aviation margins (2.9% adjusted EBIT), reliance on a material extraordinary tax credit and tariff refunds that boosted margins, residual tariff exposure (~$12M/year), and supplier delays that constrain near-term production leveling. On balance, highlights materially outweigh the lowlights.Company Guidance
Record Quarter — Highest Q2 Revenue and Deliveries
Consolidated net revenues increased 23% year-over-year to $2.2 billion, delivering the strongest second-quarter revenue in company history. The company delivered 65 aircraft (20 commercial, 45 executive), a nearly 7% increase year-over-year, and achieved the highest second-quarter deliveries in 16 years.
Backlog Reaches All-Time High
Company-wide backlog reached $34.5 billion, up 16% year-over-year (another all-time record). Commercial backlog grew 15% YoY; Defense & Security backlog rose 42% YoY. Embraer also holds ~ $21 billion in options that could expand backlog to > $55 billion if exercised.
Strong Executive Aviation Performance
Executive Aviation revenues rose 32% year-over-year to $725 million. Adjusted EBIT was $170 million with a 23.4% margin (excluding U.S. import tariffs and an extraordinary tax credit the adjusted EBIT margin would have been 16.1%). First-half deliveries for executive aviation were 74 aircraft, representing 45% of the midpoint of full-year guidance (11 percentage points above the five-year average).
Robust Defense & Security Growth and Wins
Defense & Security revenues increased 38% YoY to $304 million with adjusted EBIT of $36 million and an 11.9% margin. The UAE ordered 10 C-390s with options for 10 more — the platform's first selection in the Middle East and the largest international C-390 order to date. Colombia also selected the KC-390, expanding global footprint.
Service & Support Expansion and Profitability
Service and Support revenues rose 24% YoY to $565 million. Adjusted EBIT totaled $106 million with an 18.7% margin (17.6% excluding tariffs and tax credit). New contracts include support for Jazz Aviation's E175 fleet and a maintenance agreement for the Brazilian Air Force KC-390 fleet, expanding recurring revenue.
Improved Cash Generation and Leverage
Adjusted free cash flow (excluding Eve) was $401 million for the quarter. Net debt to adjusted EBITDA (ex-Eve) improved to 0.2x from 0.7x a year ago. Average debt maturity increased to 9.3 years and average cost of debt declined to 5.1%.
Operational & Product Milestones
E2 program surpassed 500 firm orders and Azorra placed an order for 15 E195‑E2s. Praetor 500E and 600E received triple certification. Eve (eVTOL) flight testing progressed from hover to transition flights, advancing toward certification plans targeted for end of 2028.
Guidance Upgrades
Company kept delivery and revenue guidance (revenue guidance $8.2B–$8.5B) and raised adjusted EBIT margin guidance to 10.0%–10.6% (midpoint improvement ~130 basis points / ~$110 million) and increased adjusted free cash flow guidance to $400 million or higher.
MX:EMBJN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed