Key facts
- Embraer expects its electric aircraft subsidiary, Eve, to generate $1 billion to $1.5 billion in annual revenue post-production ramp-up.
- Eve's electric vertical takeoff and landing (eVTOL) vehicle is slated for certification and service entry in 2028.
- Embraer projects its total group revenue to be between $8.2 billion and $8.5 billion this year.
- The company has a target of achieving double-digit billions in revenue by 2030 or earlier.
Brazilian aerospace manufacturer Embraer has projected that its subsidiary focused on electric aircraft, Eve, could generate between $1 billion and $1.5 billion in annual revenue once its production capabilities are fully scaled. This outlook, shared by Embraer CEO Francisco Gomes Neto, is contingent on the market performance of electric vertical takeoff and landing (eVTOL) vehicles.
Eve's eVTOL aircraft is currently expected to achieve certification and commence operations in 2028. For the current year, Embraer forecasts its overall group revenue to fall within the range of $8.2 billion to $8.5 billion. Looking ahead, the company aims to reach revenues in the double-digit billions by 2030, or potentially sooner. Embraer also expressed confidence in meeting its previously issued full-year guidance for 2026.