EMBRAER EARNINGS RESULTS 3rd QUARTER 2025

Rhea-AI Summary

Embraer (NYSE:ERJ) reported 3Q25 results and reiterated 2025 guidance on Nov 4, 2025. 3Q25 revenue was US$2,004 million, +18% YoY (all‑time high 3rd quarter). Adjusted EBIT was US$172.0 million with an 8.6% margin. Adjusted free cash flow (w/o Eve) was US$300.3 million in the quarter. Deliveries in 3Q25 totaled 62 aircraft; firm backlog reached US$31.3 billion (all‑time high).

2025 guidance reiterated: Commercial deliveries 77–85, Executive deliveries 145–155, revenues US$7.0–7.5 billion, adjusted EBIT margin 7.5%–8.3%, and adjusted free cash flow ≥ US$200 million. S&P upgraded the credit rating to BBB; Fitch and Moody's revised outlooks to positive.

Positive

• Revenue of US$2,004M in 3Q25 (+18% YoY)
• Commercial revenue growth +31% YoY
• Firm backlog at US$31.3B (all‑time high)
• Adjusted free cash flow (w/o Eve) US$300.3M in 3Q25
• Credit upgrade to BBB from S&P; positive outlooks from Fitch/Moody's

Negative

• Adjusted EBIT margin 8.6% in 3Q25 versus 17.6% in 3Q24
• U.S. import tariffs of US$17M in the quarter (85 bp)

Insights

Credit & Liquidity Analyst

Stronger credit metrics and reiterated 2025 guidance support a clearer liquidity profile and rating upgrades.

Adjusted free cash flow for the quarter was US$300.3 million (w/o Eve) and the company reiterated full‑year guidance of at least US$200 million in adjusted free cash flow, which together with revenue guidance of US$7.0 to US$7.5 billion and an adjusted EBIT margin range of 7.5% to 8.3% provide explicit cash and profitability targets.

Rating actions — S&P upgraded to "BBB" and Fitch and Moody's revised outlooks to positive on existing ratings — reduce near‑term refinancing risk and cost uncertainty. Watch quarterly cash conversion and the full‑year achievement of the cash target through 2025 as the main monitorable item for sustained rating momentum.

Commercial Operations Analyst

Record quarterly revenue, higher deliveries, and an all‑time backlog support commercial momentum.

Revenues reached US$2,004 million in 3Q25, an all‑time high for a third quarter and up 18% year‑over‑year; Commercial Aviation and Defense & Security rose 31% and 27% respectively. Deliveries totaled 62 aircraft in the quarter and firm backlog stood at US$31.3 billion, both cited as operational strengths.

The company reiterated delivery ranges of 77–85 commercial and 145–155 executive aircraft for the year and maintained guidance; monitor actual deliveries versus those ranges and the effect of U.S. import tariffs (noted US$17 million in the quarter, US$27 million YTD) over the next reporting periods to assess margin trajectory and supply‑chain cost pass‑through within 2025.

SÃO PAULO, Nov. 4, 2025 /PRNewswire/ -- EMBRAER S.A. (NYSE: EMBJ; B3: EMBJ3) RELEASES ITS THIRD QUARTER 2025 EARNINGS RESULTS.

HIGHLIGHTS

• 2025 Guidance re-iterated. From an operations point of view, the company estimates Commercial Aviation deliveries between 77and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. From a financial point of view, revenues in the US$7.0 to US$7.5 billionrange, adjusted EBIT marginbetween7.5% and 8.3%, and adjusted free cash flow of US$200 million or higher for the year.
• S&P upgraded our credit rating from "BBB-" to "BBB" (2 notches above IG threshold) and, in addition, Fitch Ratings and Moody's revised their outlook for the company from stable to positive ("BBB-" and "Baa3" ratings or 1 notch above IG threshold).
• Revenues totaled US$2,004 million in 3Q25 – all time high 3^rd quarter – +18% yoy. Highlights for Commercial Aviation and Defense & Security revenues with +31% and +27% yoy growth.
• Adjusted EBIT reached US$172.0 million with an +8.6% margin in 3Q25 (+17.6% in 3Q24; +8.7% ex Boeing agreement). U.S. import tariffs totalled US$17 million during the quarter (85bp); US$ 27 million year-to-date.
• Adjusted free cash flow w/o Eve was US$300.3 million during the period because of higher number of aircraft delivered and lower accounts receivables.
• Embraer delivered 62 aircraft in 3Q25, of which 20 were commercial jets (13 E2s and 7 E1s), 41 were executive jets (23 light and 18 medium) while 1 was defense (KC-390 Millennium); +5% versus 59 aircraft delivered yoy.
• Firm order backlog of US$31.3 billion in 3Q25 – an all-time high. For more information please see our 3Q25 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

INVESTOR RELATIONS
Guilherme Paiva, Patrícia Mc Knight, Alessandra Rangel, Marilia Saback and Rodrigo Diniz.  
investor.relations@embraer.com.br
ri.embraer.com.br

Embraer will host a conference call to present its 3Q25 results on:

Tuesday November 04, 2025

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

To access the webcast click here.

Zoom webinar: 815 2157 6766
We recommend you join 15 minutes in advance. 

 

View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-3rd-quarter-2025-302603932.html

SOURCE Embraer S.A.

FAQ

What did Embraer (ERJ) report for 3Q25 revenue and EBIT on Nov 4, 2025?

Embraer reported 3Q25 revenue of US$2,004 million and adjusted EBIT of US$172.0 million with an 8.6% margin.

What 2025 delivery guidance did Embraer (ERJ) reiterate on Nov 4, 2025?

Embraer reiterated 2025 guidance of 77–85 commercial deliveries and 145–155 executive deliveries.

How much adjusted free cash flow did Embraer (ERJ) generate in 3Q25 and what is 2025 FCF guidance?

Adjusted free cash flow (w/o Eve) was US$300.3M in 3Q25; 2025 guidance is ≥ US$200M.

What is Embraer’s (ERJ) firm backlog and why does it matter to investors?

Firm backlog was US$31.3 billion in 3Q25, an all‑time high, indicating multi‑period revenue visibility.

Did any credit rating agencies change Embraer’s (ERJ) rating or outlook in 3Q25?

S&P upgraded Embraer to BBB; Fitch and Moody's revised outlooks to positive.

How did tariffs affect Embraer (ERJ) in 3Q25?

U.S. import tariffs totaled US$17M in 3Q25 and US$27M year‑to‑date.