Embraer had much to celebrate at the end of the second quarter of 2026. The Brazilian planemaker posted its highest-ever quarterly revenue in the April to June period, reaching US$2.2 billion, up 23 percent from the same period last year.
The company’s performance was also indicative of its profitability. Embraer Consolidated Adjusted EBIT was US$ 296.9 million, with an adjusted EBIT margin of 13.3%. Adjusted free cash flow excluding Eve was US$401 million in the quarter.
A number of factors contributed to the stronger cash generation including improved operating performance, significant sales related pre-downpayment inflows and an extraordinary tax credit.
The better-than-expected results have also lifted Embraer’s outlook for the rest of the year. The company raised its 2026 adjusted EBIT margin forecast to 10%-10.6% from 8.7%-9.3%. The company also raised its forecast for adjusted free cash flow excluding Eve to at least US$400 million, up from its previous target of at least US$200 million.
Profits skyrocket
Embraer’s net income for 2Q26 was $218.6m, compared to $158m in the second quarter of 2025.
The improvement was more marked at shareholder level. Net income attributable to shareholders was $212.6 million compared to $78.6 million a year ago.
Earnings per American Depositary Share also jumped considerably, coming in at US$1.1880, as against US$0.4283 in 2Q25.
Investment also increased. Embraer invested US$120.8 million in the quarter, compared to US$97.5 million in 2Q25. Total investment including Eve increased to US$151 million from US$145.9 million in the same period last year.
Defense business still a big contributor
Defense & Security once again was one of Embraer’s strongest performing business units.
The segment posted revenue of $304 million, up 38% from a year ago. The increase was primarily a result of increased revenue recognition on the KC-390 Millenium, which reflects customer mix and stage of the product.
The division also turned more profitable. Operating leverage supported gross margin which improved from 19.5% to 20.6% and adjusted EBIT margin which improved from 9.2% to 11.9%.
Another key growth driver was executive aviation. Revenue was US$725 million, up 32% versus 2Q25 due to higher volumes and a stronger product mix.
Embraer’s Services & Support business reached US$565 million, 24% higher year on year, with volume growth across all segments.
Commercial Aviation reported quarterly revenue of US$625 million, up 8% from 2Q25 driven largely by higher volumes.
Aircraft deliveries increase
In the second quarter, the manufacturer delivered 65 aircraft, making 2Q26 its best second quarter delivery performance in 16 years. Deliveries were up 7% compared to the same period in 2025.
The momentum has continued into the first half of the year as well. Embraer delivered 109 aircraft in 1H26, about 20% more than the 91 aircraft delivered in the first half of 2025.
The improvement has been underpinned by ongoing progress in its production-levelling initiatives, which have helped to support the consistency of its manufacturing operations, the company said.
Yet another record for the backlog
Embraer’s order book was another healthy sign of demand. Another record was set as its backlog rose to US$34.5 billion in the second quarter.
