Embraer reaffirms 2025 outlook following record Q2 performance

Embraer has reaffirmed its 2025 outlook, forecasting deliveries of between 77 and 85 aircraft within its Commercial Aviation segment and between 145 and 155 aircraft in Executive Aviation. The company continues to anticipate total revenues in the range of US$7.0 to US$7.5 billion, with an adjusted EBIT margin expected to fall between 7.5% and 8.3%. Adjusted free cash flow is projected to be at least US$200 million for the year. Importantly, the company has emphasised that its second quarter 2025 results were not materially affected by U.S. tariffs.

For the second quarter (Q2) of 2025, Embraer posted revenues of US$1.819 billion, marking an all-time high for any second quarter and representing a year-on-year increase of 22%. Executive Aviation proved to be a significant driver of this growth, achieving an impressive 64% year-on-year revenue increase. Adjusted EBIT for the period reached US$191.8 million, equating to a margin of 10.5% compared with 9.3% in the second quarter of 2024.

Adjusted free cash flow, excluding Eve, amounted to a negative US$161.6 million, which the company attributed to preparations for an increased pace of aircraft deliveries in forthcoming quarters. During the quarter, Embraer delivered a total of 61 aircraft, comprising 19 commercial jets