Embraer 2Q deliveries surge as private jets drive growth

Embraer

Embraer 2Q deliveries lifted by business jets

Embraer 2Q deliveries rose 30% year over year to 61 aircraft. Private jets powered the gains, rising 47% to 38 units. Commercial deliveries held at 19 aircraft, while defense deliveries tripled to four. Embraer 2Q deliveries underscore resilient demand for business aviation worldwide.

Tariffs test margins as backlog swells

Embraer reported a record $29.7bn backlog, up 40% on the year. The company corrected results to a $122.4mn adjusted profit for 2Q. Accounting for deferred taxes drove the change from a prior reported loss. Management still flagged tariff pressure on second-half margins.

Strong guidance anchors 2025 volume expectations. The company targets 77–85 commercial deliveries in 2025. It also targets 145–155 private jet deliveries next year. These represent 10% and 15% growth from 2024, respectively. Embraer 2Q deliveries set the base for that plan.

Trade policy introduces operational complexity. US tariffs rose to 50% on 6 August, from 10% previously. Exemptions keep aircraft parts at 10%, limiting near-term disruption. Embraer plans $90.7mn US investments by 2030 in Florida and Texas. It plans a similar Brazil investment if the KC-390 wins US work. By 2030, Embraer expects $21bn in US imports and $13bn in exports.

The Metalnomist Commentary

Business aviation continues to cushion OEMs from commercial bottlenecks. However, tariff volatility could shift program economics and inventory timing. Watch parts exemptions, engine availability, and US defense opportunities for the KC-390 as key swing factors.