Embraer
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Embraer (EMBR3) investor relations material

Embraer Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary6 Mar, 2026

Executive summary

  • Achieved record revenue and backlog in 2025, with all business units performing strongly and double-digit growth across segments, supporting sustainable long-term expansion.

  • Delivered 244 aircraft in 2025, an 18% increase from 2024, with strong growth in Defense & Security and Executive Aviation.

  • Strategic partnerships in India and the U.S. reinforce growth potential, especially in commercial and defense aviation.

  • Focused on sales, efficiency, and investing in digitalization, AI, and new technologies for future production stability.

  • Ended 2025 with a record order backlog of $31.6B, up 20% year-over-year.

Financial highlights

  • Full-year 2025 revenue reached $7.6B (+18% YoY), with Q4 revenue nearly $3B (+15% YoY), both above guidance.

  • Adjusted EBITDA for 2025 was $922M (14.4% margin); adjusted EBIT $708M (11.1% margin); adjusted net income $253M (3.3% margin).

  • Adjusted Free Cash Flow for 2025 was $491M, exceeding guidance.

  • Net cash position of $109M at year-end, with leverage improving to net cash/EBITDA.

  • Dividend yield for 2025 was 0.88%.

Outlook and guidance

  • 2026 guidance: commercial aviation deliveries of 80–85 jets, executive aviation 160–170 jets.

  • Revenue forecast: $8.2B–$8.5B (+10% YoY at midpoint); adjusted EBIT margin 8.7%–9.3%.

  • Adjusted Free Cash Flow guidance: $200M or higher.

  • Guidance includes conservative assumptions on U.S. tariffs and will be updated quarterly.

2026 margin sensitivity to US import tariffs
Drivers of Commercial Aviation production costs
Revenue ramp-up for new PW engine lines
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Frequently asked questions

Embraer S.A. is a Brazilian multinational aerospace manufacturer. The company produces civil, commercial, military, executive and agricultural aircraft, and provides aeronautical services. Embraer S.A. was founded in 1969, and is headquartered in São José dos Campos, São Paulo, Brazil.

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