Embraer Exempted From New U.S. Tariffs as It Reports Record 2025, Sets 2026 Targets

Overview

• CEO Francisco Gomes Neto said the latest U.S. 10% import levy will not apply to Embraer, restoring a zero rate on future aircraft exports, though some inventory had already been taxed.
• Embraer posted 2025 revenue of R$41.9 billion, adjusted EBIT of R$3.6 billion with an 8.6% margin, adjusted free cash flow of R$2.3 billion, and year-end net cash of R$601 million.
• Deliveries rose to 244 aircraft in 2025—78 commercial and 155 business jets plus military models—and the firm order backlog reached a record US$31.6 billion.
• For 2026, the company guides to US$8.2–8.5 billion in revenue with 80–85 commercial and 160–170 business jet deliveries, which executives characterized as a conservative baseline to be updated as needed.
• U.S. tariffs added about US$54 million of costs in 2025, supply pressures are expected to ease, more than 40% of parts are sourced from the U.S., and management is targeting roughly 100 annual commercial jet deliveries by 2027 or 2028.