The earnings call highlighted Embraer's record-breaking revenue, strong backlog, and significant orders across segments, reflecting solid growth and operational efficiency. However, concerns about U.S. tariffs, challenges with certain customers, and potential inflationary and FX pressures balanced the positive aspects.

Company Guidance -

Q3 2025

During the second quarter of 2025, Embraer reported its highest-ever quarterly revenue of $1.8 billion, with an adjusted EBIT margin of 10.5%, marking the highest level for a second quarter in the past decade. The company's backlog reached an all-time high of $29.7 billion, driven by strong demand across all business units, with deliveries up 30% year-over-year. Embraer's book-to-bill ratio was close to 2:1 over the last 12 months. In Commercial Aviation, the division recorded a backlog of $13.1 billion, supported by a 1.8:1 book-to-bill ratio. Executive Aviation achieved record second-quarter revenue of approximately $550 million and a $7.4 billion backlog, with a 2.4:1 book-to-bill ratio. The Defense & Security division ended the quarter with a $4.3 billion backlog and a 3.6:1 book-to-bill ratio, while Service & Support closed with a $4.9 billion backlog and a 2:1 book-to-bill ratio. Despite concerns over U.S. tariffs, the impact has been managed and factored into the year's forecast, presenting an upside potential should tariffs return to zero. Overall, Embraer remains confident in achieving its 2025 guidance of $7 billion to $7.5 billion in revenues, with adjusted EBIT margins between 7.5% and 8.3%, and more than $200 million in free cash flow.

Record-Breaking Revenue and Growth

Embraer delivered the highest second quarter revenue in its history, totaling $1.8 billion, with an adjusted EBIT margin of 10.5%, the highest for a second quarter over the past decade.

Strong Backlog and Book-to-Bill Ratio

The backlog reached a new all-time high of $29.7 billion, driven by strong demand across all business units, with a book-to-bill ratio close to 2:1 in the last 12 months.

Significant Orders and Deliveries

Commercial Aviation saw significant orders including SAS's order of 45 E195-E2s and SkyWest's purchase of 60 E175s. Deliveries were up 30% year-over-year.

Executive Aviation and Defense Success

Executive Aviation delivered record second quarter revenue of $550 million with a robust backlog, and Defense & Security saw a $4.3 billion backlog with notable orders from Portugal and Lithuania.

Debt Reduction and Financial Health

Embraer significantly reduced its gross and net debt by approximately $560 million and $720 million, respectively, with a net debt to EBITDA ratio of 0.7x.

Embraer SA (ERJ) Earnings, Revenues Date & History

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ERJ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.52 / -	1.203	―	―	―
Aug 05, 2025	2025 (Q2)	0.43 / 0.43	0.541	-20.89% (-0.11)
May 06, 2025	2025 (Q1)	-0.01 / 0.40	0.16	150.00% (+0.24)
Feb 27, 2025	2024 (Q4)	0.49 / 0.25	1.049	-76.36% (-0.80)
Nov 08, 2024	2024 (Q3)	0.28 / 1.20	0.331	263.44% (+0.87)
Aug 08, 2024	2024 (Q2)	0.22 / 0.54	-0.1	641.00% (+0.64)
May 07, 2024	2024 (Q1)	-0.17 / 0.16	-0.386	141.45% (+0.55)
Mar 18, 2024	2023 (Q4)	0.72 / 1.05	0.125	739.20% (+0.92)
Nov 06, 2023	2023 (Q3)	0.24 / 0.33	-0.16	306.88% (+0.49)
Aug 14, 2023	2023 (Q2)	0.19 / -0.10	0.4	-125.00% (-0.50)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ERJ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$57.81	$57.17	-1.11%
May 06, 2025	$46.52	$46.41	-0.24%
Feb 27, 2025	$42.85	$47.45	+10.74%
Nov 08, 2024	$35.14	$37.39	+6.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.