Embraer Soars with Record Figures, but its CEO Sounds the Alarm on U.S. Tariffs
The Brazilian manufacturer reports record second-quarter revenue and an unprecedented order backlog but expresses concern over U.S. tariffs.
Embraer released its financial and operational results for the second quarter of 2025, showcasing a robust performance across all its business units. The company achieved revenues of US$1.819 billion, representing a 22% increase compared to the same period last year and marking the highest figure for a second quarter in the company's history.
The main driver of this growth was the Executive Aviation division, whose revenues surged by 64% year-over-year.
During the quarter, Embraer delivered a total of 61 aircraft, a 30% increase from the 47 units in 2Q 2024. The breakdown includes 19 commercial jets (ten E2s and nine first-generation E1s), 38 executive jets (21 light and 17 medium), and four defense aircraft.
This operational pace and high global demand pushed the firm order backlog to US$29.7 billion, an unprecedented figure for the manufacturer. This backlog, detailed in its investor release, ensures a stable workload and revenue visibility for the coming years. The adjusted EBIT margin reached 10.5%.
Embraer in Numbers: Q2 2025
What were Embraer's revenues? The company reported total revenues of US$1.819 billion, up 22% from Q2 2024.
What is the current order backlog? The firm order backlog reached a record US$29.7 billion.
How many aircraft did Embraer deliver? 61 aircraft were delivered: 19 commercial, 38 executive, and 4 defense.
What is the outlook for 2025? Embraer maintains its guidance to deliver between 77 and 85 commercial aircraft, and 145 to 155 executive jets, with total revenues between US7.0 and US7.5 billion.
Despite the strong results, a note of caution emerged during the conference call with analysts and investors. Embraer's CEO, Francisco Gomes Neto, stated that U.S. tariffs are a "matter of concern." Gomes Neto emphasized that the company is actively pushing for a return to a "global zero tariff" market, which he described as the standard that has governed the aviation industry for the "last 40 years."
The company also reported an adjusted free cash flow (excluding Eve Air Mobility) of US$(161.6) million. Embraer explained that this negative figure is due to preparations and inventory buildup for a higher volume of deliveries scheduled for the upcoming quarters.
Looking ahead, Embraer reaffirmed its guidance for the full year 2025. The company projects delivering between 77 and 85 commercial aircraft and between 145 and 155 executive jets. Total revenues are expected to be in the range of US7.0toUS7.5 billion, with an adjusted EBIT margin between 7.5% and 8.3%.
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