Embraer raises 2026 revenue forecast after strong third quarter; shares jump

Embraer raised its 2026 revenue forecast to between $8.4 billion and $8.6 billion, from a previous range of $8.2 billion to $8.5 billion. The company estimated annual free cash flow at $700 million or higher, up from its previous projection of $400 million or higher, and reiterated its delivery outlook of 80-85 commercial jets and 160-170 executive aircraft.

Third-quarter revenue rose 17% to a record $2.35 billion, while adjusted EBITDA increased 34% to $317.1 million. Embraer had previously reported a 6% increase in deliveries to 66 aircraft and a 14% rise in its backlog to a record $35.7 billion. CEO Francisco Gomes Neto said higher jet fuel prices had not affected deliveries or sales campaigns, and that they created opportunities for fuel-efficient jets such as the E2 family.