Embraer has registered its best third quarter revenues on record with US$2.3 billion in revenue for Q3 2026, a 17% increase compared to the same period last year. The Brazilian aircraft maker’s financial position was boosted by positive contributions from all business units, prompting the company to revise its full-year 2026 projections upwards.

The upgraded outlook reflects strong financial performance during the year and increased contributions from Services & Support and Defense & Security. On this basis, Embraer now expects revenue for the year between $8.4 billion and $8.6 billion, compared with a previous forecast of $8.2 billion to $8.5 billion. It also raised its adjusted free cash flow target excluding Eve to at least $700 million, from a previous threshold of $400 million.

Enhanced operating performance and cash flow

The operating profit of the company also followed the same pattern as the third quarter. Adjusted EBIT was US$254.8 million or a margin of 10.9% in Q3 2026 compared to a margin of 8.6% in the third quarter of 2025.

Adjusted free cash flow excluding Eve was $627.7 million. The result was driven by improved operating performance and significant inflows from customer related pre-delivery payments, reflecting the company’s cash generation ability and increasing business activity.

Adjusted net income for the quarter was $73.6 million, excluding $2.5 million of extraordinary items related to Eve. This compares with US$84.3 million in the comparable period of 2025. The decline was driven mainly by higher net financial costs and tax charges for the quarter.

Net income attributable to Embraer’s shareholders decreased to US$ 71.1 million in 3Q26, from US$ 116.6 million in 3Q25.

Embraer, Eve see investment levels rise

Embraer continued to increase its investment activity in the July-September period. The manufacturer spent US$149.7 million on a stand-alone basis in the third quarter compared with US$98.6 million in the comparable period last year.

Including the investments of Eve, Embraer and Eve’s spending combined totaled US$ 219.0 million compared with US$ 153.4 million in the same months of 2025.

Growth in commercial, executive and defense activity

Commercial Aviation revenues were up 13% year-on-year in the quarter to US$696 million. The key factors behind the strong performance were higher volumes of deliveries and better pricing.

Executive Aviation also continued to build on its positive momentum with revenue of US$655 million, 12% above the level achieved in Q3 2025. The increase was helped by a better product mix and increased prices.

The performance of Defense & Security was even stronger, with revenue up 22 percent year-on-year to US$341 million. The performance was mainly driven by higher revenue recognition from the KC-390 Millennium program, due to higher volumes, customer mix and product stage.

The Services & Support business unit was the fastest growing business unit within Embraer.” Revenue was US$638 million, up 30% on the previous year. This was supported by a higher level of activity in the various segments.

Record backlog fuels growth in aircraft deliveries

Embraer delivered 66 aircraft in Q3 2026, up from 62 units in Q3 2025, a 6% year-over-year increase.

Deliveries included 22 commercial aircraft, comprising 11 E2 and 11 E1 jets, and 41 executive aircraft, consisting of 22 light jets and 19 midsize jets. The other three aircraft were for defense customers, including one KC-390 Millennium and two A-29 Super Tucano aircraft.

Embraer also achieved another important milestone in its backlog, together with our delivery performance. Its backlog reached a new company high of US$35.7 billion. This is an increase of 3% from the last record set last quarter and a 14% increase from the third quarter of 2025.

“Embraer’s business momentum is positive, with record quarterly revenues, improving operating margins, stronger cash generation and rising order backlog. The maker enters the final stretch of the year with a better financial picture, including raised financial targets for 2026 and contributions from all its operating segments.