Embraer S.A. disclosed that its firm order backlog reached a record $31.6 billion at the close of the fourth quarter of 2025, a 20 % increase from the $26.4 billion backlog reported at the end of 2024. The jump reflects a robust pipeline across all business segments and provides the company with a sizable cushion to absorb supply‑chain disruptions while supporting its margin‑expansion strategy.
The backlog is broken down by segment: Commercial Aviation stands at $14.5 billion, up 42 % year‑over‑year; Executive Aviation holds $7.6 billion, its highest on record; Defense & Security is $4.6 billion, and Services & Support is $4.9 billion, up 7 % from the previous year. The commercial backlog growth is driven by new orders from lessors such as TrueNoord, Helvetic Airways, and Air Côte d’Ivoire, offsetting a 5 % quarter‑over‑quarter decline caused by the renegotiation of Azul’s E195‑E2 order amid its Chapter 11 proceedings.
Key drivers behind the record backlog include Embraer’s production‑leveling program in the Executive Aviation segment, which has spread deliveries more evenly across the year and reduced concentration risk. In Defense & Security, new contracts for the KC‑390 transport aircraft in Sweden and Portugal and the A‑29 Super Tucano in Panama have expanded the company’s footprint in NATO‑aligned markets. The Services & Support segment’s steady growth reflects a broader trend of airlines and operators seeking long‑term maintenance and support agreements to stabilize cash flow.
The backlog expansion translates into stronger revenue prospects. Embraer delivered 91 aircraft in Q4 2025, a 21 % increase from the 76 aircraft delivered in Q4 2024, and 244 aircraft in the full year, up 18 % from 2024. The higher mix of high‑margin commercial and executive orders, combined with disciplined cost management, has helped the company maintain an adjusted EBIT margin of 11.5 % in Q4 2025, up from 11.1 % in the prior year. The record backlog therefore not only signals robust demand but also provides a buffer that can be leveraged to smooth production cycles and protect margins amid volatile raw‑material costs.
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