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Embraer Sets Q3 Records for Revenue and Backlog, Reaffirms 2025 Outlook

Improved cash flow, upgraded credit, supply‑chain progress bolster confidence in the outlook.

Overview

  • Revenue reached $2.00 billion, up 18% year over year, with Commercial Aviation and Defense & Security leading growth.
  • Embraer delivered 62 aircraft in the quarter—20 commercial, 41 executive, and one KC‑390—pushing the firm order backlog to a record $31.3 billion.
  • Adjusted EBIT was $172 million for an 8.6% margin, pressured by $17 million in U.S. import tariffs and tougher comparisons that included last year’s Boeing arbitration gain.
  • Free cash flow excluding Eve rose to about $300 million, and the company issued a $1 billion 12‑year bond as S&P lifted its rating to BBB with Fitch and Moody’s moving to positive outlooks.
  • Full‑year targets remain unchanged, including 77–85 commercial and 145–155 executive jet deliveries, $7.0–$7.5 billion in revenue, a 7.5%–8.3% adjusted EBIT margin, and at least $200 million in free cash flow.