Embraer reported revenue of US$1.4 billion in the first quarter of 2026, up 31% year-on-year and the highest figure the company has ever recorded for the period.
The increase comes from a higher number of aircraft delivered, especially in defense and commercial aviation, which are currently leading the company’s expansion.
Adjusted EBIT reached US$94 million, with a 6.5% margin, up from 5.6% a year earlier. In practical terms, the company improved operating efficiency. However, adjusted net income fell to US$27.7 million, down from US$50 million — showing that stronger revenue has not yet translated into higher profit.
Defense & Security was the main driver. Revenue rose 63% to US$227 million, supported by increased KC-390 production and deliveries, as well as higher output of the A-29 Super Tucano. This segment is now one of the most relevant contributors to both growth and margins.
Commercial Aviation generated US$293 million, up 45%, with more E2 jets delivered and better pricing. The division is gaining traction again after a weaker period in previous years.
Executive Jets brought in US$418 million (+30%), while Services & Support reached US$490 million (+15%), supported by a larger active fleet generating maintenance and support demand.
Cash flow remains under pressure. Embraer invested US$98.8 million in the quarter, or US$148.6 million including Eve, as it builds inventory and prepares for a higher number of deliveries later in the year.
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The company is spending more now to produce aircraft that will be delivered in the coming quarters. That typically weighs on cash in the short term, with improvement expected only when those aircraft are handed over to customers.
