Embraer has recorded its highest-ever first-quarter revenues, with the US$1.4 billion figure representing 31% year-on-year growth driven by its Commercial Aviation and Defence & Security divisions.
The Brazil-based aircraft manufacturer reported adjusted earnings before interest and tax (EBIT) of US$94 million for the period, with a margin of 6.5% against 5.6% in Q1 2025.
Adjusted net income totalled US$27.7 million, compared with US$50 million in the first quarter of 2025, while net income attributable to shareholders reached US$33.4 million, with earnings per American Depositary Share (ADS) of US$0.1856 versus US$0.3997 a year earlier.
Investments for the period totalled US$98.8 million, up from US$88.2 million in the same quarter of 2025. Including investments in Eve, Embraer’s urban air mobility subsidiary, the total reached US$148.6 million, compared with US$124.5 million in Q1 2025.
Commercial Aviation and Executive Jets
Embraer’s Commercial Aviation division recorded quarterly revenues of US$293 million, representing a 45% year-on-year increase, reflecting higher volumes and pricing. Revenues for the Executive Jets division totalled US$418 million, some 30% higher than the same period of 2025, driven by volume growth and product mix.
Services & Support recorded revenues of US$490 million, representing 15% growth year-on-year, supported by higher volumes across all segments, with Defence & Security contributing the most.
Deliveries and backlog
Embraer delivered 44 aircraft in the first quarter of 2026, which is a 47% increase compared with the 30 aircraft delivered in Q1 2025, reflecting progress in production-levelling efforts. The company’s backlog reached a value of US$32.1 billion, up 22% year-on-year, marking its sixth consecutive all-time high.
Defence & Security
Defence & Security was the strongest-performing division in the quarter, generating revenues of US$227 million, which is a 63% year-on-year increase. The result reflected stronger revenue recognition for the KC-390 tanker-transport aircraft due to customer mix and product stage, alongside increased production rates of the A-29 Super Tucano.
Gross margin rose from 12.3% to 26.8% year-on-year, with the adjusted EBIT margin improving from -1.6% to 17%, supported by one-time items.
