Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral314.3%
Bearish314.3%
Embraer S.A. · EMBJ · FY2025 Q2 · Calendar Q3 2025
Embraer: Strong demand meets tariff and execution risks
The supplied analysis supports a constructive but conditional view: strong demand, backlog growth and operating improvements provide support, while tariff exposure, cash conversion and execution risks remain material constraints.
Reported Before market openNYSEIndustrials
$13.60B market cap
85quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.02
Consensus $0.47
EPS surprise
-104.3%
Reported versus consensus
Reported revenue
$1.82B
Consensus $1.78B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
unavailable
Stock move
—
Event window
SPY move
—
Same window
Abnormal move
—
Stock minus SPY
Volume
—
Versus trailing sessions
Subsequent drift
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Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about EMBJ FY2025 Q2
Transcript, numbers and history already loaded
How did the market react to EMBJ FY2025 Q2 earnings, and why?What changed in EMBJ's guidance and outlook in FY2025 Q2?Give me the bull and bear case for EMBJ after FY2025 Q2 earnings.
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Transcript intelligence
What changed
Compared with the prior analysis, the supplied current call analysis adds a larger backlog, further operating-efficiency gains, a first binding Eve order, and plans to increase KC-390 production. Guidance remained maintained, while tariff and cash-conversion risks continued.
Guidance delta
Management maintained 2025 guidance despite tariff, inflation and FX uncertainty; no change was supplied versus the prior analysis.
Key takeaways
- Management highlighted record Q2 revenue, a record adjusted EBIT margin and a $29.7 billion backlog.
- Demand was described as robust across commercial, executive, defense and service businesses.
- Production-leveling initiatives improved output, cycle times and quality costs, according to management.
- Tariff negotiations remain a risk, with potential upside if a 0% rate is restored.
- The company is investing in U.S. capacity, service capabilities and future products.
Management priorities
- Expand U.S. executive-jet production and Service & Support capabilities.
- Raise KC-390 production toward 10 units annually by 2030 and evaluate localization.
- Improve inventory turns from 1.6x toward approximately 3x to release working capital.
- Advance the Eve prototype and commercial launch plans.
- Continue production-leveling and operational-efficiency efforts.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$75.21Current
$13Low
$46.62Average
$81High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Aug 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 15, 2025 |
| B of A Securities | Buy | Buy | Maintain | Sep 11, 2025 |
| UBS | Sell | Sell | Maintain | Aug 15, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 7, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 31, 2025 |
| HSBC | Buy | Hold | Upgrade | Jun 4, 2025 |
| TD Cowen | Buy | Hold | Upgrade | Sep 4, 2024 |
| Morgan Stanley | Overweight | Overweight | Maintain | Mar 14, 2024 |
| Credit Suisse | Underperform | Underperform | Maintain | Apr 30, 2021 |
| Bradesco Corretora | Outperform | Neutral | Upgrade | Sep 26, 2018 |
| Bradesco | Outperform | Neutral | Upgrade | Sep 26, 2018 |
| Bank of America | Buy | Buy | Maintain | Jul 9, 2018 |
| Santander | Underperform | Hold | Downgrade | Oct 30, 2017 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Oct 17, 2017 |
| Deutsche Bank | Hold | Buy | Downgrade | Oct 17, 2017 |
| Drexel Hamilton | Buy | Hold | Upgrade | Nov 1, 2016 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Oct 18, 2016 |
| Itau BBA | Outperform | Outperform | Maintain | Jan 16, 2015 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Nov 3, 2014 |
| Imperial Capital | Outperform | Outperform | Maintain | Mar 14, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $75.21. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $81 | $56.68 | +7.7% | Jun 8, 2026 |
| UBS | Analyst unavailable | $65 | $57.12 | -13.6% | Mar 26, 2026 |
| UBS | Analyst unavailable | $69 | $62.02 | -8.3% | Dec 5, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $59.38 | -10.9% | Oct 6, 2025 |
| Wolfe Research | Analyst unavailable | $64 | $54.83 | -14.9% | Jul 31, 2025 |
| HSBC | Cenk Orcan | $57 | $45.96 | -24.2% | Jun 4, 2025 |
| UBS | Alberto Valerio | $39 | $44.67 | -48.1% | Apr 24, 2025 |
| HSBC | Cenk Orcan | $36 | $35.1 | -52.1% | Sep 23, 2024 |
| UBS | Alberto Valerio | $28.5 | $27.04 | -62.1% | Mar 26, 2024 |
| CFRA | Stewart Glickman | $27 | $25.07 | -64.1% | Mar 19, 2024 |
| Morgan Stanley | Josh Milberg | $40 | $23.48 | -46.8% | Mar 14, 2024 |
| UBS | Analyst unavailable | $14 | $11.27 | -81.4% | Jan 9, 2023 |
| J.P. Morgan | Analyst unavailable | $13.25 | $5.12 | -82.4% | Dec 6, 2022 |
| Citigroup | Analyst unavailable | $13 | $11.53 | -82.7% | Apr 26, 2022 |
Track every rating change on EMBJ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEmbraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.…
Historical context
All EMBJ earningsIndustrials peers this season
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Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the EMBJ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T22:36:05.649136+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.