Quarterly ResultMay 8, 2026, 06:26 AM
Embraer Q1 Revenue $1.45B (+31%); Backlog Record $32.1B
AI Summary
Embraer reported record first-quarter revenues of $1,447 million, a 31% increase year-over-year, driven by strong performance across all business units, particularly Defense & Security and Commercial Aviation. The company achieved an all-time high firm order backlog of $32.1 billion, up 20% year-over-year. Despite a negative adjusted free cash flow of $(447.1) million due to inventory build-up for future deliveries, Embraer reiterated its full-year 2026 guidance for deliveries, revenues, and adjusted EBIT margin.
Key Highlights
- Firm order backlog reached an all-time high of $32.1 billion in 1Q26, up 20% year-over-year.
- Revenues totaled $1,447 million in 1Q26, a 31% increase year-over-year, highest 1Q level ever.
- Adjusted EBIT was $94.0 million with a 6.5% margin in 1Q26, up from 5.6% in 1Q25.
- Delivered 44 aircraft in 1Q26 (+47% yoy), including 10 commercial and 29 executive jets.
- Adjusted free cash flow (w/o Eve) was $(447.1) million in 1Q26, due to inventory build-up.
- Defense & Security revenues grew 63% yoy, Commercial Aviation revenues increased 45% yoy.
- Reiterated 2026 guidance: revenues $8.2-$8.5 billion, adjusted EBIT margin 8.7%-9.3%.
- Approved $7.6 million in dividends ($0.01 per share) for FY25, payable May 20, 2026.