Embraer’s Q3 executive jet deliveries flat but revenue jumps 12%
Embraer is eyeing 200 executive jet deliveries a year by 2028,
Embraer’s Executive Aviation division delivered the same number of jets in the third quarter of 2026 as a year earlier but booked significantly higher revenue from them.
Revenue rose 12% to $655m from $583m in the third quarter of 2025, which Embraer credits to higher prices and product mix. Adjusted EBIT climbed $34m to $105m, lifting the margin to 16.0% from 12.1%, an improvement of 390 basis points.
Speaking on the earnings call, executive vice president of financial & investor relations Felipe Santana de Lima said revenue was “supported by higher prices and product mix.” Commenting on the prices of jets, Embraer’s head of investor relations Guilherme Paiva said: “there is a lag in pricing… of roughly 2 to 3 years given the success of our products and the demand that we have seen from our products.”
Embraer delivered 41 executive jets in the quarter, matching the 41 in the third quarter of 2025. The mix was 22 light and 19 medium jets, against 23 light and 18 medium a year earlier. Deliveries were down from 45 in the second quarter of 2026.
The segment’s gross margin rose to 22.2% from 18.7% a year earlier since the company did not book US import tariffs in the third quarter of 2026 quarter, against $15m in the third quarter of 2025. Discounting for the last year’s tariff costs, the company’s adjusted EBIT margin was 14.7% a year ago, so the like-for-like gain is about 130 basis points.
Reporter earlier, Executive Aviation backlog reached a record $8.2bn, up 12% from $7.3bn a year earlier and from $7.8bn in the second quarter of 2026. The trailing 12-month book-to-bill ratio is 1.4 times.
CEO Francisco Gomes Neto said demand for the Phenom 300, Embraer’s best seller, is “even stronger now with the launch of the EV version”, and that Embraer is “now investing to increase production of the Phenoms and the Praetors as well.”
The Phenom 300EV launched in the quarter. The Praetor 500E and 600E launched earlier this year.
So far, in the first nine months of the calendar year, the company has delivered 115 executive jets in the first nine months of 2026, 70% of the midpoint of its 160 to 170 full-year guidance. The guidance implies 45 to 55 deliveries in the fourth quarter, against 53 in the fourth quarter of 2025.
The company has been working towards spreading output more evenly across the four quarters. “We have made material progress in our Executive Aviation levelling of production, moving close to 10 points of production out of Q4,” Paiva said. Santana de Lima added that Embraer wants more deliveries in the first quarter of 2027 on executive and commercial.
Embraer is eyeing 200 executive jet deliveries a year by 2028. The company is also planning to spend $195m between 2024 and 2028 to expand production capacity at Gavião Peixoto in Brazil and Melbourne, Florida.
Paiva said group capex should rise temporarily to $500m to $550m in 2027 and 2028 before returning to the usual $400m.
