The yield of Eucalyptus regnans logs for lumber production was evaluated. Crack width and length at each log end were measured. Two log-cutting plans were used to obtain sawn lumber. The first plan (PA) considered logs with diameters varying from 28 to 40 cm, and in the second plan (PB), the log diameters ranged from 42 to 56 cm (PB). Lumber yield was determined using two log volume methods: the Japanese Agricultural Standards (JAS) and Smalian’s equation. The deformations of E. regnans lumber were measured. The Australian and Chilean standards were used to classify sawn lumber. The results showed that logs had radial cracks at both log ends. Cracks were classified into two groups, considering the crack length. Regarding the lumber deformations, most boards exhibited level B bows and crooks in both cutting plans. Levels A and B twists were prevalent in PA, whereas in PB, level A significantly outnumbered level B. The lumber yield of E. regnans in PB was higher than in PA. The lumber yield determined by Smalian’s equation was higher than that determined by the JAS method. This research provides insight into the characterization of E. regnans for lumber production, highlighting its relevance in the forestry industry.