Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral314.3%
Bearish314.3%
Embraer S.A. · EMBJ · FY2026 Q2 · Calendar Q3 2026
Embraer raises margin outlook as backlog reaches $34.5 billion
The supplied analysis supports the view that strong demand and backlog can underpin near-term growth, but the next-year case depends on converting backlog, sustaining efficiency-led margin gains after temporary benefits fade, and executing on defense and Eve eVTOL programs.
Reported Before market openNYSEIndustrials
$13.78B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.22
Consensus $0.61
EPS surprise
+100.0%
Reported versus consensus
Reported revenue
$2.24B
Consensus $2.01B
Revenue surprise
+11.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.1%
Event window
SPY move
-0.0%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
+0.1%
Up to 20 sessions
EMBJSPY benchmark
Ask FN2 about EMBJ FY2026 Q2
Transcript, numbers and history already loaded
Why did EMBJ rise 1.1% after beating EPS estimates in FY2026 Q2?What changed in EMBJ's guidance and outlook in FY2026 Q2?Give me the bull and bear case for EMBJ after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management's tone remained confident while guidance sentiment shifted from maintained to raised. The current analysis adds a record $34.5 billion backlog, higher adjusted EBIT margin guidance, progress in Eve transition flights, and new C-390 demand.
Guidance delta
Raised: 2026 adjusted EBIT margin target increased to 10%-10.6%.
Key takeaways
- Q2 2026 was described as Embraer's strongest quarter, with $2.2 billion in net revenue and deliveries up 7% year over year.
- Backlog reached a record $34.5 billion, while new C-390 and E2 orders supported the outlook.
- Executive aviation margins benefited from production leveling and Kaizen efficiency initiatives.
- Management highlighted Eve eVTOL transition flights and potential KC-390 production expansion in India and the U.S.
Management priorities
- Scale production and improve productivity through leveling and Kaizen initiatives.
- Advance Eve eVTOL certification toward end-2028 entry into service.
- Evaluate additional KC-390 assembly capacity in India and the U.S.
- Expand service and support contracts across commercial and defense fleets.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$77.02Current
$13Low
$46.62Average
$81High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 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 $77.02. 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 | +5.2% | Jun 8, 2026 |
| UBS | Analyst unavailable | $65 | $57.12 | -15.6% | Mar 26, 2026 |
| UBS | Analyst unavailable | $69 | $62.02 | -10.4% | Dec 5, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $59.38 | -13.0% | Oct 6, 2025 |
| Wolfe Research | Analyst unavailable | $64 | $54.83 | -16.9% | Jul 31, 2025 |
| HSBC | Cenk Orcan | $57 | $45.96 | -26.0% | Jun 4, 2025 |
| UBS | Alberto Valerio | $39 | $44.67 | -49.4% | Apr 24, 2025 |
| HSBC | Cenk Orcan | $36 | $35.1 | -53.3% | Sep 23, 2024 |
| UBS | Alberto Valerio | $28.5 | $27.04 | -63.0% | Mar 26, 2024 |
| CFRA | Stewart Glickman | $27 | $25.07 | -64.9% | Mar 19, 2024 |
| Morgan Stanley | Josh Milberg | $40 | $23.48 | -48.1% | Mar 14, 2024 |
| UBS | Analyst unavailable | $14 | $11.27 | -81.8% | Jan 9, 2023 |
| J.P. Morgan | Analyst unavailable | $13.25 | $5.12 | -82.8% | Dec 6, 2022 |
| Citigroup | Analyst unavailable | $13 | $11.53 | -83.1% | 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.…
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| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% 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 · 2026-08-10T20:10:11.070087+00:00
- FN2 earnings calendar · 2026-09-15T01:23:15.305287+00:00
- Polygon adjusted daily market bars · 2026-09-21T21:10:50.941616+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T21:10:50.939299+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 . For educational purposes only; not investment advice.