Embraer Order Backlog Reaches Record $35.7 Billion as Deliveries Rise

Brazilian aerospace manufacturer Embraer reported consolidated third-quarter revenues of US$2.35 billion, up 17% year-on-year, lifting its total firm order backlog to an all-time industry high of US$35.7 billion. The result represents the highest third-quarter financial performance in the company's history, driven by higher delivery volumes across commercial and executive jet divisions.

Adjusted earnings before interest and taxes reached US$254.8 million during the quarter, corresponding to an operating margin of 10.9%. Solid sales-related pre-delivery payment inflows and operational execution propelled adjusted free cash flow, excluding urban air mobility subsidiary Eve, to US$627.7 million.

Commercial Deliveries and Fleet Growth

Embraer delivered 66 aircraft during the third quarter, representing a 6% increase compared to the 62 units delivered in the corresponding period last year. Deliveries comprised 22 commercial aircraft—split evenly between 11 new-generation E2-family jets and 11 first-generation E-Jets—alongside 41 executive jets (22 light and 19 medium aircraft) and three military aircraft, including one KC-390 Millennium multi-mission airlifter and two A-29 Super Tucanos.

The commercial backlog was strengthened by ongoing airline fleet modernisation programs across global regional networks. Key airline customers including Abra Group, Binter Canarias, Luxair, and Japan's ANA Holdings have committed to the Pratt & Whitney GTF-powered E190-E2 and E195-E2 family to replace older regional jets and expand medium-density routes. Through the first nine months of 2026, Embraer has handed over 52 commercial airframes, keeping the airframer on track to reach its annual guidance of 80 to 85 commercial deliveries.

Executive Jets and Defence Portfolio Momentum

The planemaker's Executive Aviation unit achieved an all-time high segment backlog of US$8.2 billion, supported by sustained corporate demand and a rolling 12-month book-to-bill ratio of 1.4. Operational milestones during the quarter included initial deliveries of the updated Praetor 600E to fractional operator Flexjet and advanced certification flights for the Phenom 300EV light jet, equipped with the Garmin Emergency Autoland system.

In Defence & Security, Embraer maintained a backlog of US$6.1 billion, representing a 56% surge compared to the prior-year period. Following a formal agreement signed with the Colombian Air Force in August for two KC-390 Millennium transports valued at over US$300 million, the defense division now holds 43 firm orders for the twin-turbofan tactical airlifter, demonstrating growing international momentum against traditional medium-airlift platforms.

Upgraded Financial Guidance and Cash Generation

On the back of robust operational execution and favorable delivery milestones, Embraer executive leadership upgraded its full-year 2026 financial guidance. The manufacturer now projects consolidated annual revenues between US$8.4 billion and US$8.6 billion, up from its prior forecast range of US$8.2 billion to US$8.5 billion.

Projected adjusted free cash flow for the full year was raised to at least US$700 million, up sharply from the previously guided US$400 million threshold, while adjusted operating margins are anticipated between 10.0% and 10.6%. Embraer affirmed its full-year industrial guidance, maintaining targets of 80 to 85 commercial aircraft and 160 to 170 executive jets delivered by year-end.