Brazilian aircraft manufacturer Embraer reported record third-quarter revenue of US$2.3 billion, up 17% year on year, with all business units delivering higher contributions.
Adjusted earnings before interest and tax (EBIT) reached US$254.8 million, representing a margin of 10.9%, compared with 8.6% in the same period last year.
Adjusted free cash flow, excluding Eve, totalled US$627.7 million, supported by stronger operating performance and higher customer advances linked to aircraft sales.
The results and an improved business outlook, including stronger contributions from its Services & Support and Defense & Security divisions, prompted Embraer to raise its full-year 2026 financial guidance.
The company now expects revenue of between US$8.4 billion and US$8.6 billion, up from its previous forecast of US$8.2 billion to US$8.5 billion. Its target for adjusted free cash flow, excluding Eve, has increased to at least US$700 million from US$400 million.
Adjusted net income reached US$73.6 million in the third quarter, excluding US$2.5 million in extraordinary items related to Eve. This compared with US$84.3 million a year earlier, with the decline mainly reflecting higher net financial and tax expenses.
Net income attributable to Embraer shareholders fell to US$71.1 million from US$116.6 million in the third quarter of 2025.
Embraer invested US$149.7 million on a standalone basis during the July-September period, compared with US$98.6 million a year earlier. On a consolidated basis, including Eve, investment totalled US$219 million, up from US$153.4 million in the corresponding period of 2025.
