Embraer ended 1Q25 with a US$26.4 billion backlog, surpassing the previous quarter record level

Rhea-AI Summary

Embraer (ERJ) reported a record US$26.4 billion backlog in Q1 2025, with notable performance across all segments. Commercial Aviation reached US$10.0 billion, Executive Jets hit a new record of US$7.6 billion, Defense & Security maintained US$4.2 billion, and Services & Support totaled US$4.6 billion.

The company delivered 30 aircraft in Q1 2025, a 20% increase from Q1 2024, representing 13% of their 2025 guidance midpoint. Executive Aviation delivered 23 jets (14 light and 9 midsize), while Commercial Aviation delivered 7 aircraft. Notable orders include ANA Holdings' commitment for 15 E190-E2 aircraft with 5 options, and the Uruguayan Air Force's conversion of options for 5 A-29 Super Tucano aircraft into firm orders.

Positive

• Record total backlog of US$26.4 billion, showing strong market demand
• Executive Jets achieved new record backlog of US$7.6 billion, up 3% QoQ
• Aircraft deliveries increased 20% YoY to 30 units in Q1 2025
• Significant new orders: ANA Holdings (15+5 E190-E2) and Uruguayan Air Force (5 A-29)
• Phenom 300 maintained position as world's best-selling light jet for 13th consecutive year

Negative

• Commercial Aviation backlog declined 2% QoQ and 10% YoY to US$10.0 billion
• 2 commercial aircraft deliveries delayed due to commercial issues
• Ongoing supply chain challenges affecting Commercial Aviation deliveries
• Commercial Aviation Q1 performance below 5-year average delivery rate

Insights

Financial Analyst

Embraer's record $26.4B backlog and 25% YoY growth demonstrates strong future revenue visibility, with Executive Jets showing exceptional 66% backlog growth.

Embraer's Q1 2025 results showcase a record $26.4 billion backlog, representing remarkable 25% year-over-year growth and continuing the momentum from Q4 2024. This substantial order book provides multi-year revenue visibility and production stability. The standout performer is the Executive Jets division with a record $7.6 billion backlog, up an exceptional 66% year-over-year, highlighting strong demand in this typically higher-margin segment.

Delivery performance shows Embraer shipped 30 aircraft in Q1 (23 executive jets and 7 commercial), representing 13% of their full-year guidance midpoint versus their 5-year historical average of 11% for first quarters. This suggests they're slightly ahead of pace despite noted supply chain challenges in Commercial Aviation. The 28% year-over-year increase in Executive Aviation deliveries (23 vs 18 in Q1 2024) further confirms strength in this segment.

While Commercial Aviation's backlog declined 10% year-over-year to $10 billion, the pending ANA Holdings order for 15 E190-E2 aircraft (not yet included in backlog figures) represents future upside. Defense & Security maintained a stable $4.2 billion backlog with new orders from Uruguay, while Services & Support held steady at $4.6 billion with new support agreements like the one with Airlink.

The company's reference to "production leveling efforts" expected to yield results in Q2, the second half of 2025, and into 2026 indicates ongoing manufacturing optimization to address supply chain challenges in the Commercial segment.

Aerospace Industry Expert

Embraer's segment diversification strengthens resilience with Executive Jets' exceptional growth offsetting Commercial Aviation's modest contraction amid continuing supply challenges.

Embraer's segment performance reveals important shifts in their business composition. The Executive Jets division's 66% year-over-year backlog growth to $7.6 billion demonstrates exceptional market reception, particularly for the Phenom 300 series, which maintained its position as the world's best-selling light jet for 13 consecutive years according to GAMA. This achievement underscores Embraer's dominant position in the light jet category, with the model also recognized as the most delivered twin-engine jet for 5 years running.

The commercial aircraft backlog, while declining 10% year-over-year, still maintains a substantial 336 firm orders across the E-Jet family. The backlog composition heavily favors the E175 (160 orders) and E195-E2 (151 orders), with American Airlines (90 E175s) and Azul (51 E195-E2s) as the largest customers. The company's acknowledgment of "ongoing supply chain challenges" affecting Commercial Aviation deliveries echoes industry-wide issues, though their comment about being "unable to deliver 2 additional aircraft due to commercial issues" introduces a separate concern potentially related to customer financing or contract terms.

In Defense & Security, the $4.2 billion backlog includes 32 KC-390 Millennium and 22 A-29 Super Tucano aircraft. Notably, potential orders from Sweden (4 KC-390s), Slovakia (3 KC-390s), Portugal (12 A-29s), and Panama (4 A-29s) aren't yet included in the backlog, representing future growth opportunities once contracts are finalized.

The balanced diversification across four business segments provides Embraer resilience against market fluctuations in any single segment, with the exceptional growth in Executive Jets and Services & Support (49% YoY backlog growth) offsetting the modest contraction in Commercial Aviation.

• Commercial Aviation's backlog reached US$10.0 billion
• Executive Jets set a new US$7.6 billion backlog record
• Defense & Security held steady with a US$4.2 billion backlog
• The backlog in Services & Support totaled US$4.6 billion

SÃO PAULO, April 22, 2025 /PRNewswire/ -- Embraer (NYSE: ERJ / B3: EMBR3), a global leader in the aerospace industry, reported a US$26.4 billion backlog in the first quarter of 2025. The result surpassed the all-time historical high set in the previous quarter.

Backlog by Segment - US$bn	1Q25	4Q24	qoq	1Q24	yoy
Commercial Aviation	10.0	10.2	-2 %	11.1	-10 %
Executive Jets	7.6	7.4	3 %	4.6	66 %
Defense & Security	4.2	4.2	0 %	2.4	73 %
Services & Support	4.6	4.6	1 %	3.1	49 %
Total	26.4	26.3	0 %	21.1	25 %

Embraer delivered 30 aircraft in 1Q25. The result was 20% higher than in the first quarter of last year (1Q24), when 25 aircraft were delivered. More importantly, 1Q25 deliveries corresponded to 13% of the midpoint (231 aircraft) of the company's full year guidance (between 222 and 240 in 2025) for the combined Executive and Commercial Aviation business units versus an 11% 5-year historical average for the period.

Deliveries by Segment	1Q25	4Q24	1Q24	2025 Guidance
Executive Aviation	23	44	18	145-155
Phenom 100	2	3	1
Phenom 300	12	19	10
Light Jets	14	22	11
Praetor 500	3	13	3
Praetor 600	6	9	4
Midsize Jets	9	22	7
Commercial Aviation	7	31	7	77-85
E175	4	11	3
E190-E2	-	2	-
E195-E2	3	18	4
Total Commercial Av. & Executive Av.	30	75	25	222-240*
Defense & Security	-	-	-
KC-390 Millennium	-	-
A-29 Super Tucano	-	-	-
*Excludes KC-390 Millennium and A-29 Super Tucano deliveries

In Commercial Aviation, the backlog totaled US$10.0 billion in 1Q25 – 2% lower quarter over quarter (qoq). ANA Holdings Inc. has placed an order for 15 aircraft E190-E2 with options for 5 additional jets. This order will likely be included in the second half of 2025, when the final contract is signed.

In 1Q25, the business unit delivered 7 new aircraft and 9% of the midpoint (81 aircraft) of the company's full year guidance (between 77 and 85). The performance of the division was slightly below the 12% 1Q average for the past 5 years, and it reflected ongoing supply chain challenges. We should highlight we were unable to deliver 2 additional aircraft during the quarter because of commercial issues. The models delivered during the period were the E175, to American Airlines (2), Republic Airlines (1) and Horizon Air (1), and the E195-E2, to Porter (1), Aercap (1) and Azorra (1). Looking forward, we expect our production leveling efforts to produce more tangible results in 2Q25, the 2H of the year, and from the start of 2026.

1Q25 Backlog - Commercial Aviation
Aircraft Type	Firm Orders	Deliveries	Firm Order Backlog
E175	943	783	160
E195-E2	282	131	151
E190-E2	52	27	25
Total	1,277	941	336

 

Customer (Country)	Firm Orders	Delivered	Firm Order Backlog
EMBRAER 175	943	783	160
American Airlines (USA)	204	114	90
Republic Airlines (USA)	187	147	40
Skywest (USA)	228	212	16
Horizon Air / Alaska (USA)	50	45	5
Air Peace (Nigeria)	5	-	5
Undisclosed	4	1	3
Overland Airways (Nigeria)	3	2	1
Air Canada (Canada)	15	15	-
Air Lease (USA)	8	8	-
Alitalia (Italy)	2	2	-
Belavia (Belarus)	1	1	-
CIT (USA)	4	4	-
ECC Leasing (Ireland)*	1	1	-
Flybe (UK)	11	11	-
Fuji Dream (Japan)	2	2	-
GECAS (USA)	5	5	-
KLM (The Netherlands)	17	17	-
LOT Polish (Poland)	12	12	-
Mauritania Airlines (Mauritania)	2	2	-
Mesa (USA)	7	7	-
NAC / Aldus (Ireland)	2	2	-
NAC / Jetscape (USA)	4	4	-
Northwest (USA)	36	36	-
Oman Air (Oman)	5	5	-
Royal Jordanian (Jordan)	2	2	-
Suzuyo (Japan)	11	11	-
TRIP (Brazil)	5	5	-
United Airlines (USA)	110	110	-
* Aircraft delivered by ECC Leasing: one to Air Caraibes

 

Customer (Country)	Firm Orders	Delivered	Firm Order Backlog
Embraer 195-E2	282	131	151
Azul (Brazil)	51	-	51
Porter (Canada)	75	44	31
Aercap (Ireland)	43	28	15
Azorra (USA)	23	10	13
Mexicana (Mexico)	10	-	10
Air Peace (Nigeria)	13	5	8
Aircastle (USA)	23	16	7
Salam Air (Oman)	6	-	6
Luxair (Luxembourg)	6	-	6
Royal Jordanian (Jordanian)	2	-	2
Binter Canarias (Spain)	16	15	1
ICBC (China)	10	9	1
Helvetic (Switzerland)	4	4	-

 

Customer (Country)	Firm Orders	Delivered	Firm Order Backlog
Embraer 190-E2	52	27	25
Mexicana (Mexico)	10	-	10
Azorra (USA)	16	8	8
Virgin Australia (Australia)	4	-	4
Aircastle (USA)	2	-	2
Air Kiribati (Kiribati)	2	1	1
Aercap (Ireland)	5	5	-
Helvetic (Switzerland)	8	8	-
Wideroe (Norway)	3	3	-
Placar Linhas Aéreas (Brazil)	1	1	-
Undisclosed	1	1	-

In Executive Aviation, the backlog rose to a new US$7.6 billion record high in 1Q25, 3% higher than the previous all-time high established in 4Q24. The business unit delivered 23 jets in the first quarter of the current year, of which 14 aircraft were in the light category and 9 in the midsize one. The number of deliveries in 1Q25 was 28% higher than the 18 jets in 1Q24, and 15% of the midpoint (150 aircraft) of the company's full year guidance (between 145 and 155 in 2025) for the division (moderately above the 11% 1Q average for the past 5 years).

In February, the Phenom 300 series was once again recognized as the world's best-selling and most delivered light jet for the 13^th consecutive year, according to the General Aviation Manufacturers Association (GAMA). In the same announcement, the institution confirmed the light jet as the most delivered twin-engine jet for the 5^th year in a row in 2024.

In Defense & Security, the backlog stood at US$4.2 billion in 1Q25. The Uruguayan Air Force (FAU) and the Uruguayan Ministry of National Defense (MDN) converted their options for 5 A-29 Super Tucano aircraft into firm orders during the period. This conversion relates to a commitment signed in August 2024, when the FAU announced a firm order for 1 aircraft plus the above-mentioned options. The agreement also includes mission equipment, integrated logistics services and a flight simulator.

The KC-390 Millennium selection by Sweden (4) and Slovakia (3), and the A-29 Super Tucano for Portugal (12) and Panama (4) are not included in the backlog, since the contracts are not yet effective.

1Q25 Backlog -Defense & Security
Aircraft Type	Firm Orders	Deliveries	Firm Order Backlog
KC-390 Millennium	42	10	32
A-29 Super Tucano*	22	-	22
*Includes only A-29 Super Tucano ordered in 2024 and 2025. Through the end of 2023, a total of 264 have been delivered.

 

Customer (Country)	Firm Orders	Delivered	Firm Order Backlog
KC-390 Millennium	42	10	32
Brazilian Air Force  (Brazil)	19	7	12
Royal Netherlands Air Force (Netherlands)	5	-	5
Austrian Air Force (Austria)	4	-	4
Portuguese Air Force ( Portugal)	5	2	3
Republic of Korea Air Force (South Korea)	3	-	3
Czech Air Force (Czech Republic)	2	-	2
Undisclosed	2	-	2
Hungarian Air Force (Hungary)	2	1	1

 

Customer (Country)	Firm Orders	Delivered	Firm Order Backlog
A-29 Super Tucano*	22	-	22
Paraguayan Air Force (Paraguay)	6	-	6
Undisclosed	6	-	6
Uruguayan Air Force	6	-	6
Undisclosed (Africa)	4	-	4
*Includes only A-29 Super Tucano ordered in 2024 and 2025. Through the end of 2023, a total of 264 have been delivered.

In Services & Support, the backlog remained roughly stable at US$4.6 billion in 1Q25. Airlink, Southern Africa's premier carrier, was the highlight of the period with a spare parts inventory support agreement covering its all-Embraer 68 aircraft fleet. Thus, the airline will become the first African customer for the customized Embraer Collaborative Inventory Planning (ECIP) management system, which will optimize inventory levels and reduce operational costs for its fleet.

About Embraer 

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales.

Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year.

Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.

View original content:https://www.prnewswire.com/news-releases/embraer-ended-1q25-with-a-us26-4-billion-backlog-surpassing-the-previous-quarter-record-level-302435141.html

SOURCE Embraer S.A.

FAQ

What is Embraer's (ERJ) total backlog value for Q1 2025?

Embraer's total backlog reached US$26.4 billion in Q1 2025, surpassing the previous quarter's record.

How many aircraft did Embraer (ERJ) deliver in Q1 2025 compared to Q1 2024?

Embraer delivered 30 aircraft in Q1 2025, a 20% increase from 25 aircraft in Q1 2024.

What is Embraer's (ERJ) Executive Jets backlog value in Q1 2025?

Executive Jets achieved a new record backlog of US$7.6 billion in Q1 2025, up 3% from Q4 2024.

How many E190-E2 aircraft did ANA Holdings order from Embraer (ERJ)?

ANA Holdings placed an order for 15 E190-E2 aircraft with options for 5 additional jets.

What is Embraer's (ERJ) aircraft delivery guidance for 2025?

Embraer's 2025 guidance is 222-240 aircraft, combining Commercial and Executive Aviation deliveries.