By Brazil Stock Guide – Embraer (B3: EMBJ3; NYSE: EMBJ) ended the second quarter of 2026 with a record order backlog of $34.5 billion, marking the Brazilian aircraft manufacturer’s seventh consecutive quarterly high.
The backlog increased 7% from $32.1 billion at the end of the first quarter and 16% from $29.7 billion a year earlier. All four of Embraer’s main business units recorded year-on-year growth.
The company also accelerated aircraft deliveries. Embraer handed over 65 aircraft during the quarter, up 48% from the first quarter and 7% from the same period in 2025. First-half deliveries reached 109 aircraft, approximately 20% more than a year earlier.
Commercial and Executive Aviation deliveries totaled 104 aircraft in the first half, equivalent to roughly 42% of the midpoint of Embraer’s full-year guidance of 240 to 255 aircraft.
That was eight percentage points above the average first-half completion rate recorded over the previous five years, indicating a more balanced production schedule and progress in efforts to reduce the traditional concentration of deliveries toward the end of the year.
Defense leads growth
Defense & Security posted the strongest increase, with its backlog rising 42% year on year and 39% from the previous quarter to $6.1 billion.
The increase was driven by a landmark agreement with the United Arab Emirates for 10 firm orders and 10 options for the C-390 Millennium military transport aircraft. Embraer described it as the largest international C-390 order placed by a single country and the aircraft’s entry into the Middle Eastern market.
The division ended the quarter with a trailing 12-month book-to-bill ratio of 2.6 times, meaning new orders significantly exceeded recognized revenue during the period.
Embraer currently has 42 firm C-390 orders and 27 A-29 Super Tucano orders still to be delivered. Selections by Slovakia and Lithuania for three C-390 aircraft each are not yet included in the backlog because the contracts are either still under negotiation or have not yet become effective.
Commercial Aviation remains the largest business
Commercial Aviation’s backlog reached $15.1 billion, up 15% from a year earlier. The result was supported by aircraft lessor Azorra’s firm order for 15 E195-E2 jets, which lifted total firm orders for Embraer’s E2 family above 500 aircraft worldwide.
The division delivered 20 aircraft during the quarter: 10 E175 regional jets, four E190-E2s and six E195-E2s. Its trailing 12-month book-to-bill ratio stood at 1.8 times.
Embraer’s commercial backlog includes 465 firm aircraft still to be delivered: 264 E195-E2s, 27 E190-E2s and 174 E175s. The company also holds 408 options and purchase rights.
Business jets and services expand
Executive Aviation ended the quarter with a $7.8 billion backlog, up 5% year on year. The unit delivered 45 business jets, an 18% increase from the second quarter of 2025.
Those deliveries represented 27% of the midpoint of the division’s full-year guidance of 160 to 170 aircraft, four percentage points above its five-year historical average for the period.
During the quarter, the new Praetor 500E and Praetor 600E business jets received certification from Brazil’s ANAC, the U.S. Federal Aviation Administration and the European Union Aviation Safety Agency.
Services & Support recorded a backlog of $5.5 billion, also an all-time high, representing growth of 12% from a year earlier.
The unit announced long-term support agreements with Canada’s Jazz Aviation and the Brazilian Air Force for its C-390 fleet, reinforcing Embraer’s efforts to expand recurring revenue from maintenance, inventory management and other aftermarket services.
The combination of a larger backlog and faster deliveries gives Embraer greater revenue visibility while suggesting progress in converting strong demand into aircraft production without relying as heavily on the final months of the year.
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