- The company raises its revenue outlook for the whole of 2026 by +15%
SANTA CRUZ, Calif.–(BUSINESS WIRE)– Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today released its third quarter 2026 letter to shareholders detailing the company’s operating and financial results for the quarter ending September 30, 2026. The company will host an audio webcast of its conference call to discuss the results today at 2:00 p.m. PT (5 p.m. ET).
This press release contains multimedia. View the full release here: https://www.businesswire.com/news/home/20261104420012/en/
Joby’s all-electric vertical takeoff and landing air taxi flies over Tampa, Fla., Oct. 29 in the state’s first eIPP flights. (Photo: Joby Aviation)
Highlights include:
First flights in Texas and Florida under the White House-backed eIPP program designed to accelerate the commercialization of air taxis
Wide range of “for credit” tests performed as part of the fifth and final stage of FAA type certification
Manufacturing output has increased significantly, with 17 aircraft now in production
Record quarter for Blade, carrying more than 44,000 passengers; Q3 2026 revenue of $55 million primarily from Blade
The full-year 2026 revenue outlook increased 15%, to a range of $135 million to $140 million.
Joby’s autonomous J208 aircraft completed first-ever fully autonomous flight across the United States
Joby’s self-reliance-focused contracts with the U.S. Air Force were increased to approximately $37 million.
Planned acquisition of Resonant Sciences, an EBITDA-positive defense technology company with over $100 million in trailing twelve month revenue, to significantly expand Joby’s defense business, adding a rapidly growing company with established programs, classified capabilities and large-scale manufacturing operations.
$2.2 billion in cash, cash equivalents and short-term investments as of September 30, 2026
Commenting on Joby’s third quarter results, JoeBen Bevirt, Founder and CEOsaid:
“This quarter, we made significant progress in the fifth and final stage of certification, completing a broad range of ‘on credit’ testing with the FAA. We significantly increased manufacturing output while improving efficiency, and demonstrated our electric air taxi in key early U.S. markets through the White House-supported eIPP program. Our J208 aircraft also completed what we believe to be the first fully autonomous flight of a civilian aircraft across the United States, and this morning, we announced an extension of our autonomy-focused contracts with the US Air Force to almost $37 million.
“Our core mission is – and always has been – to bring electric vertical flight to passengers around the world. We designed our aircraft from the ground up for this mission, and our engineering, manufacturing and certification efforts are focused on bringing it to market. The progress we are making gives me every confidence that Joby will continue to lead the way.”
Outlook
Joby’s current outlook incorporates investments toward certification of our eVTOL aircraft, manufacturing expansion, and advancing commercial preparations, including participation in the U.S. eVTOL Integration Pilot Program. The company raised its full-year 2026 total revenue outlook to a range of $135 million to $140 million. For the second half of 2026, Joby expects the use of cash, cash equivalents and short-term investments to be between $385 million and $415 million.
Third Quarter 2026 Financial Results Webcast Details
What: Webcast of Joby Aviation’s third quarter 2026 financial results
When: Wednesday November 4, 2026
Time: 2:00 p.m. PT (5:00 p.m. ET)
Webcast: Upcoming Events section of the company website.
If you are unable to attend the webcast, to listen by telephone, please call 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company’s website following the event.
About Joby Aviation
Joby Aviation, Inc. (NYSE: JOBY) is a next-generation aviation company based in California. Its aeronautical, propulsion and autonomy technologies cover both commercial aviation and defense applications. Joby also operates Blade, a leading urban air mobility company providing passenger transportation services in the United States and Europe. Joby intends to operate its fast, quiet and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Forward-looking statements
This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing; our planned operations with the Department of Defense, including the benefits we expect to receive from our contracts with the U.S. Air Force; the expected benefits and operations under the eIPP, including the potential for the eIPP to accelerate our path to commercial operations; the timing and expected benefits of our planned acquisition of Resonant Sciences, including the potential for revenue growth and additional defense opportunities; our business plan, objectives, goals and market opportunities; and our current expectations regarding our business, financial condition, results of operations, prospects, capital requirements and growth of our operations, including our use of cash flow and revenue forecasts for 2026. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “may have,” “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on schedule we anticipate; U.S. Air Force contracts may be subject to government funding and appropriations constraints; participation in eIPP projects is subject, among other things, to the finalization of OTA contracts; our ability to satisfy all remaining closing conditions for the acquisition of Resonant Sciences; our ability to integrate the Resonant Sciences business and team into our operations and retain key personnel; our ability to realize the anticipated benefits of any combined transaction; risks of unanticipated costs related to the acquisition or integration of Resonant Sciences’ businesses; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to respond effectively to changing regulations and standards relating to our aircraft; our reliance on third-party vendors and service partners; uncertainties related to our estimates of market size for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2026, our Quarterly Report on Form 10-Q, filed with the SEC on May 6, 2026, and in future filings and other reports we file with or provide to the SEC. These forward-looking statements represent management’s estimates and beliefs as of the date of this release. Although we may elect to update these forward-looking statements at some point in the future, we undertake no obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261104420012/en/
Media:
Christine Théodorou
presse@jobyaviation.com
Investors:
investors@jobyaviation.com
Source: Joby Aviation, Inc.
Released November 4, 2026
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