EMBRAER EARNINGS RELEASE 1Q26

Embraer (NYSE: EMBJ) reported 1Q26 results on May 8, 2026.

(Neutral)

Rhea-AI Summary

Embraer (NYSE: EMBJ) reported 1Q26 results on May 8, 2026. Revenues were US$1,447 million, a +31% year-over-year and the highest 1Q on record. Adjusted EBIT was US$94.0 million (6.5% margin). Deliveries totaled 44 aircraft (+47% yoy). Firm backlog reached US$32.1 billion, an all-time high and >20% higher yoy. Guidance was reiterated: 2026 revenue target US$8.2–8.5 billion, adjusted EBIT margin 8.7%–9.3% (assuming 10% U.S. import tariffs), and adjusted free cash flow ex-Eve of ≥US$200 million.

Adjusted free cash flow ex-Eve was US$(447.1) million in 1Q26 as the company prepared for higher deliveries; U.S. import tariffs totaled US$13 million.

Positive

Revenue +31% YoY to US$1,447 million
Deliveries +47% YoY with 44 aircraft in 1Q26
Backlog US$32.1B — all-time high, >20% higher yoy
Company reiterated 2026 guidance: US$8.2–8.5B revenue and adj FCF ex-Eve ≥US$200M

Negative

Adjusted free cash flow ex-Eve US$(447.1)M in 1Q26
U.S. import tariffs cost US$13M (92 basis points) in the quarter
US$11M of inventory related to tariffs expected in 2Q26

Argus May 8 session

-11.28% close to close Open Argus

Details

News Market Reaction – EMBJ

On May 8, the day this news came out, EMBJ closed 11.28% below the previous close.

Data tracked by StockTitan Argus for the May 8 session.

Market Context

On May 8, the day this news came out, the stock closed 11.3% below the previous close. A negative re...

Analysis

On May 8, the day this news came out, the stock closed 11.3% below the previous close. A negative reaction despite record 1Q revenue of US$1,447m and an all‑time high backlog of US$32.1bn would fit prior patterns where strong guidance on March 6, 2026 coincided with a -7.19% move. Investors may focus on the US$(447.1)m free cash outflow and exposure to U.S. import tariffs. Sustainability of higher deliveries and margins, rather than backlog alone, could remain a key concern.

Key Figures

1Q26 revenue: US$1,447 million Adjusted EBIT: US$94.0 million (6.5% margin) Free cash flow w/o Eve: US$(447.1) million +5 more

1Q26 revenue: US$1,447 million; Highest 1Q level, +31% yoy
Adjusted EBIT: US$94.0 million (6.5% margin); 1Q26 vs 5.6% margin in 1Q25
Free cash flow w/o Eve: US$(447.1) million; 1Q26, ahead of higher deliveries
Aircraft deliveries: 44 aircraft; 1Q26, +47% vs 30 a year earlier
Firm order backlog: US$32.1 billion; 1Q26, all-time high, >20% higher yoy
2026 revenue guidance: US$8.2–8.5 billion; Reiterated full-year 2026 guidance
2026 EBIT margin guide: 8.7%–9.3%; Adjusted EBIT margin with 10% U.S. import tariffs
Book-to-bill LTM: 3.0x; Commercial Aviation, E175 and E2 platforms

Historical Context

5 past events · Latest: May 05

5 events

May 05
Earnings update

24h Move

+0.5%

Pre-operational results and liquidity update for Eve Holding entity.
Apr 10
Management change

24h Move

+1.9%

Appointment of long-tenured executive as new CFO/IR head.
Mar 06
Capital allocation

24h Move

+4.4%

Completion of share buyback program and unwinding of equity swaps.
Mar 06
Earnings & guidance

24h Move

-7.2%

Strong FY25 results and issuance of 2026 guidance with higher targets.
Mar 06
Guidance detail

24h Move

-7.2%

Publication of detailed 2026 delivery, revenue, margin and FCF guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted EBIT, free cash flow, book-to-bill, backlog

4 terms

adjusted EBIT financial

"Adjusted EBIT reached US$94.0 million with a +6.5% margin in 1Q26"

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.

free cash flow financial

"Adjusted free cash flow w/o Eve was US$(447.1) million during the period"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

book-to-bill financial

"Highlight for Commercial Aviation 3.0x book-to-bill LTM across the E175 and E2"

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$32.1 billion in 1Q26 – 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/08/2026 - 06:51 AM

SÃO PAULO, May 8, 2026 /PRNewswire/ -- EMBRAER S.A. (NYSE: EMBJ; B3: EMBJ3) RELEASES ITS 1Q26 EARNINGS.

HIGHLIGHTS

Guidance reiterated. 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$1,447 million in 1Q26 – highest 1Q level ever – and +31% year over year (yoy). Highlights for Defense & Security and Commercial Aviation with +63% and +45% yoy growth.

Adjusted EBIT reached US$94.0 million with a +6.5% margin in 1Q26 (+5.6% in 1Q25). U.S. import tariffs totaled US$13 million during the quarter (92bp), and there were another US$11 million in inventory for 2Q26.

Adjusted free cash flow w/o Eve was US$(447.1) million during the period in preparation for a higher number of aircraft deliveries in the coming quarters.

Embraer delivered 44 aircraft in 1Q26, of which 10 were commercial jets (4 E2s and 6 E1s), 29 were executive jets (16 small and 13 medium) while 5 were defense related (1 KC-390 Millennium and 4 A-29 Super Tucano); +47% versus the 30 aircraft delivered yoy.

Firm order backlog of US$32.1 billion in 1Q26 – an all-time high and more than 20% higher yoy. Highlight for Commercial Aviation 3.0x book-to-bill LTM across the E175 and E2 platforms, which supported a +50% yoy increase in backlog. For more information, please see our 1Q26 Backlog and Deliveries release.

To access the spreadsheet containing the data available on 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 1Q26 results on:

Friday, May 8, 2026

ENGLISH: 8:00 AM (NY Time) / 9:00 AM (SP Time).
Translation to Portuguese.

To access the webcast click here.

Zoom webinar: 818 3876 4674
We recommend you join 15 minutes in advance.

View original content:https://www.prnewswire.com/news-releases/embraer-earnings-release-1q26-302766847.html

SOURCE Embraer S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Embraer (EMBJ) revenues and growth in 1Q26?

Revenues were US$1,447 million, a 31% year-over-year increase. According to the company, this was the highest first-quarter revenue on record driven by Commercial Aviation and Defense & Security growth.

How many aircraft did Embraer (EMBJ) deliver in 1Q26 and how does that compare yoy?

Embraer delivered 44 aircraft in 1Q26, up 47% versus last year. According to the company, deliveries included commercial, executive, and defense aircraft across E1/E2, executive small/medium, KC-390, and A-29.

What guidance did Embraer (EMBJ) provide for full-year 2026?

Guidance was reiterated: revenue range US$8.2–8.5 billion and adjusted EBIT margin 8.7%–9.3%. According to the company, adjusted free cash flow ex-Eve is targeted at US$200 million or higher for 2026.

What is Embraer's (EMBJ) backlog at 1Q26 and its significance?

Firm backlog was US$32.1 billion, an all-time high and more than 20% higher year-over-year. According to the company, strong Commercial Aviation book-to-bill supported a 50% backlog increase for that segment.

Why was adjusted free cash flow negative for Embraer (EMBJ) in 1Q26?

Adjusted free cash flow ex-Eve was US$(447.1) million as the company prepared for higher aircraft deliveries in coming quarters. According to the company, cash was used to support inventory and delivery ramp-up ahead of future revenue.

EMBRAER EARNINGS RELEASE 1Q26