EMBRAER EARNINGS RELEASE: 4Q25 & FY25

Rhea-AI Summary

Embraer (NYSE: EMBJ) reported 4Q25 and FY25 results: 2025 revenues US$7,578m (+18% yoy), 4Q25 revenues US$2,652m. Adjusted EBIT was US$656.8m for FY25 (8.7% margin). Deliveries totaled 244 aircraft in 2025 (+18% yoy). Firm backlog hit an all-time high of US$31.6bn. Guidance for 2026: revenues US$8.2–8.5bn, adjusted EBIT margin 8.7–9.3%, Commercial deliveries 80–85 and Executive 160–170, and adjusted free cash flow ex-Eve >= US$200m.

Positive

• Revenue reached US$7,578 million in 2025, up 18% year-over-year
• Adjusted EBIT of US$656.8 million in 2025 with an 8.7% margin
• Firm backlog at an all-time high of US$31.6 billion, +20% year-over-year
• Aircraft deliveries of 244 in 2025, +18% versus 2024
• Adjusted free cash flow excluding Eve of US$491.2 million in 2025

Negative

• U.S. import tariffs totaled US$54 million for 2025, a headwind to margins
• Net cash position of only US$109.3 million at year-end 2025 (w/o Eve)
• Quarterly U.S. tariffs were US$27 million (102 basis points) affecting 4Q25 results

News Market Reaction – EMBJ

-7.19%

40 alerts

-7.19% News Effect

-4.3% Trough in 1 hr 48 min

-$930M Valuation Impact

$12.01B Market Cap

0.7x Rel. Volume

On the day this news was published, EMBJ declined 7.19%, reflecting a notable negative market reaction. Argus tracked a trough of -4.3% from its starting point during tracking. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $930M from the company's valuation, bringing the market cap to $12.01B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

2026 revenue guidance: US$8.2–8.5 billion 2026 EBIT margin guide: 8.7%–9.3% 4Q25 revenue: US$2,652 million +5 more

8 metrics

2026 revenue guidance US$8.2–8.5 billion Company guidance for 2026 revenues

2026 EBIT margin guide 8.7%–9.3% Adjusted EBIT margin guidance for 2026

4Q25 revenue US$2,652 million Fourth quarter 2025 revenues

2025 revenue US$7,578 million Full-year 2025 revenues, +18% yoy and above guidance high end

2025 adjusted EBIT US$656.8 million (8.7%) Full-year 2025 adjusted EBIT and margin, above guidance

2025 free cash flow US$491.2 million 2025 adjusted free cash flow w/o Eve

Net cash position US$109.3 million Net cash (w/o Eve) at end of 2025

Firm order backlog US$31.6 billion 4Q25 firm order backlog, all-time high and >20% yoy growth

Market Reality Check

Price: $61.52 Vol: Volume 1,488,182 is about...

high vol

$61.52 Last Close

Volume Volume 1,488,182 is about 1.7x the 20-day average of 876,394, indicating elevated trading activity ahead of this earnings release. high

Technical Shares at 66.445 are trading below the 200-day MA at 68.15 and about 17.72% under the 52-week high of 80.75.

Historical Context

2 past events · Latest: Dec 23 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Dec 23	Fleet milestone	Positive	+0.5%	Delivery of 50th E195-E2 to Porter within large order program.
Nov 04	Earnings update	Positive	-4.0%	Record 3Q25 revenue, strong margins, higher backlog, guidance reiterated.

Pattern Detected

Recent positive operational/earnings updates have produced mixed price reactions, with one modest gain and one notable decline.

Recent Company History

Over the past several months, Embraer reported a series of operational and financial milestones. On Nov 4, 2025 it posted record 3Q25 revenue of US$2,004 million, solid 8.6% adjusted EBIT margin, and an all‑time high US$31.3 billion backlog, yet shares fell 4.05%. On Dec 23, 2025, it marked the delivery of the 50th E195-E2 to Porter Airlines within a program of 75 firm orders plus 25 purchase rights, with a slight positive price reaction. Today’s FY25/4Q25 earnings continue this trajectory of record revenues and growing backlog.

Market Pulse Summary

The stock moved -7.2% in the session following this news. A negative reaction despite strong FY25 nu...

Analysis

The stock moved -7.2% in the session following this news. A negative reaction despite strong FY25 numbers fits a prior pattern where positive 3Q25 results coincided with a -4.05% move. The company reported record US$7,578 million revenue, an 8.7% adjusted EBIT margin, and a record US$31.6 billion backlog, yet shares traded below the 200-day MA. Such divergences highlight sensitivity to expectations, tariff impacts, or valuation concerns even when operational metrics and 2026 guidance appear solid.

Key Terms

adjusted ebit, adjusted free cash flow, net cash position, book-to-bill, +4 more

8 terms

adjusted ebit financial

"Adjusted EBIT reached US$230.9 million with an +8.7% margin in 4Q25."

Adjusted EBIT is a company’s operating profit before interest and taxes, but cleaned up by removing one-time or unusual items that can obscure ongoing performance. Investors use it like a tidied-up report card — it aims to show the underlying profitability of the business by excluding irregular gains, losses, or costs so comparisons across periods or companies are clearer and more meaningful for valuing operational strength.

adjusted free cash flow financial

"Adjusted free cash flow w/o Eve was US$738.3 million during the quarter"

Adjusted free cash flow is the amount of money a company generates from its operations after accounting for essential expenses and investments, like maintaining or upgrading equipment. It shows how much cash is truly available to grow the business, pay debts, or return to shareholders, helping investors see the company's financial health more clearly.

net cash position financial

"the company finished 2025 with US$109.3 million net cash position (w/o Eve)."

The net cash position is the amount of cash and easily sold assets a company has after subtracting its outstanding debt, essentially “money in the wallet” minus what it owes. Investors care because it shows how easily a company can cover bills, invest in growth, buy back shares, or weather a downturn — stronger net cash usually means lower financial risk and more strategic flexibility, much like a household with savings and little debt.

book-to-bill financial

"Highlight for Commercial Aviation 2.8x book-to-bill across the E175 and E2 platforms"

The book-to-bill ratio compares new orders a company has received (bookings) to the products or services it has invoiced or shipped (billings) over the same period. It matters to investors because a ratio above 1 means demand is outpacing fulfillment and the company may grow revenue or build backlog, while a ratio below 1 suggests slowing demand and possible future revenue weakness — think of it as new customer orders versus what the company actually sold.

backlog financial

"Firm order backlog of US$31.6 billion in 4Q25 – an all-time high"

A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.

kc-390 millennium technical

"3 were multi-mission KC-390 Millennium and 8 were A-29 Super Tucano"

A KC-390 Millennium is a modern, twin-engine military transport aircraft that can carry cargo, troops, and perform aerial refueling. Think of it as a heavy-duty cargo truck that can also act as a mobile gas station in the sky; it moves large loads and extends the range of other aircraft. Investors watch KC-390 orders, deliveries and support contracts because they drive revenue, factory activity and long-term aftermarket services in the defense supply chain.

a-29 super tucano technical

"3 were multi-mission KC-390 Millennium and 8 were A-29 Super Tucano"

The A-29 Super Tucano is a turboprop light attack and trainer aircraft used by air forces for close air support, counterinsurgency, surveillance and pilot instruction. For investors, it matters because production and sales drive defense-company revenue streams, ongoing spare-parts and maintenance contracts, and are sensitive to government budgets, export approvals and geopolitical demand — like a rugged pickup truck that supplies and trains military forces.

import tariffs regulatory

"adjusted EBIT margin between 8.7% and 9.3% (with 10% U.S. import tariffs)"

Import tariffs are taxes a government charges on goods brought into a country, like a toll taken when products cross a border. For investors, tariffs matter because they act like added shipping fees that can raise a company’s costs, squeeze profit margins, change pricing for consumers, and prompt businesses to alter suppliers or supply routes—any of which can affect revenue, competitiveness, and stock value.

AI-generated analysis. Not financial advice.

SÃO PAULO, March 6, 2026 /PRNewswire/ -- EMBRAER S.A. (NYSE: EMBJ; B3: EMBJ3) RELEASES ITS 4Q25 & FY25 EARNINGS.

HIGHLIGHTS

• Guidance for 2026: From an operational point of view, Commercial Aviation deliveries between 80 and 85 aircraft and Executive Aviation deliveries between 160 and 170 aircraft. From a financial point of view, revenues in the US$8.2 to US$8.5 billion range, adjusted EBIT margin between 8.7% and 9.3% (with 10% U.S. import tariffs), and adjusted free cash flow w/o Eve of US$200 million or higher for the year.
• Revenues totaled US$2,652 million in 4Q25 and US$7,578 million in 2025 – highest annual level ever – +18% year over year (yoy) and above the high end of guidance. Highlights for Defense & Security and Executive Aviation revenues with +36% and +25% yoy growth.
• Adjusted EBIT reached US$230.9 million with an +8.7% margin in 4Q25. For the full year, the company reported adjusted EBIT of US$656.8 million with an +8.7% margin - both above guidance. In 2024, the company's adjusted EBIT ex Boeing reached US$558.2 million for an +8.7% margin. U.S. import tariffs totaled US$27 million during the quarter (102bp); and US$54 million for the full year.
• Adjusted free cash flow w/o Eve was US$738.3 million during the quarter and US$491.2 million in 2025, supported by higher number of aircraft delivered. Consequently, the company finished 2025 with US$109.3 million net cash position (w/o Eve).
• The liability management strategy implemented materially increased the company's (ex Eve) average loan maturity to 9.1 years in 4Q25 from 3.7 years in 4Q24.
• Embraer delivered 91 aircraft in 4Q25, of which 32 were commercial jets (18 E2s and 14 E1s), 53 were executive jets (28 light and 25 medium) while 6 were defense related (2 KC-390 Millennium and 4 A-29 Super Tucano). In 2025, the company delivered a total of 244 aircraft, of which 78 were commercial jets (44 E2s and 34 E1s), 155 were executive jets (86 light and 69 medium), 3 were multi-mission KC-390 Millennium and 8 were A-29 Super Tucano in Defense & Security; +18% versus the 206 aircraft delivered in 2024.
• Firm order backlog of US$31.6 billion in 4Q25 – an all-time high and more than 20% higher yoy. Highlight for Commercial Aviation 2.8x book-to-bill across the E175 and E2 platforms, which supported a +42% yoy increase in backlog. For more information please see our 4Q25 Backlog and Deliveries release.
• To access the spreadsheet containing the data available in our Investor Relations website click here.

For additional information, please check the full document on our website ri.embraer.com.br

Embraer will host a conference call to present its 4Q25 & FY25 results on:

Friday, March 6, 2026

ENGLISH: 7:00 AM (NY Time) / 9:00 AM (SP Time).

Translation to Portuguese.

To access the webcast click here.

Zoom webinar: 811 2881 8474
We recommend you join 15 minutes in advance. 

View original content:https://www.prnewswire.com/news-releases/embraer-earnings-release-4q25--fy25-302706637.html

SOURCE Embraer S.A.

FAQ

What were Embraer (EMBJ) full-year 2025 revenues and how did they compare year-over-year?

Embraer reported full-year 2025 revenues of US$7,578 million, an 18% increase year-over-year. According to the company, this result exceeded the high end of guidance and reflects growth across Defense & Security and Executive Aviation segments.

How much adjusted EBIT did Embraer (EMBJ) report for FY25 and what was the margin?

Embraer reported adjusted EBIT of US$656.8 million for FY25 with an 8.7% margin. According to the company, this performance was above guidance and matched the 8.7% adjusted EBIT margin reported for the quarter.

What is Embraer’s (EMBJ) 2026 operational and financial guidance for deliveries and revenue?

Guidance for 2026 calls for 80–85 commercial and 160–170 executive aircraft deliveries, with revenues of US$8.2–8.5 billion. According to the company, adjusted EBIT margin guidance is 8.7–9.3% assuming 10% U.S. import tariffs.

How large is Embraer’s (EMBJ) backlog after 4Q25 and why does it matter?

Embraer reported a firm backlog of US$31.6 billion at 4Q25, an all-time high and >20% year-over-year. According to the company, the backlog growth was driven by strong commercial bookings and a 2.8x book-to-bill on E175 and E2 platforms.

What was Embraer’s (EMBJ) free cash flow performance in 2025 excluding Eve?

Adjusted free cash flow excluding Eve was US$491.2 million for 2025. According to the company, quarterly free cash flow was supported by higher aircraft deliveries and the company finished the year with a net cash position (w/o Eve) of US$109.3 million.

How did U.S. import tariffs affect Embraer (EMBJ) results in 4Q25 and FY25?

U.S. import tariffs totaled US$27 million in 4Q25 (102 basis points) and US$54 million for 2025. According to the company, tariffs materially impacted margins and are included in 2026 margin guidance assumptions.