Embraer (EMBJ3) revised its 2026 guidance and raised its estimate for consolidated net revenues to a range of US$ 8.4 bn to US$ 8.6 bn, up from US$ 8.2 bn to US$ 8.5 bn in the previous guidance. The free cash flow target went from US$ 400 mn or more to US$ 700 mn or more. The company says that part of the guidance released on March 6, 2026, and revised on August 10, 2026, no longer reflected its best estimates, considering the current opportunities and risks of its businesses.
Free cash flow corresponds to net cash generated by operating activities, less net additions to property, plant and equipment and additions to intangible assets.
Delivery guidance remained unchanged at 80 to 85 aircraft in commercial aviation and 160 to 170 aircraft in executive aviation. The adjusted EBIT margin (earnings before interest and taxes) is still estimated between 10.0% and 10.6%. The estimates do not include Eve.
Embraer states that the guidance does not constitute a promise of performance, is subject to risks and uncertainties, and may be revised. It will be reflected in section 3 of the company's Reference Form.
