Joby Reports Third Quarter 2026 Financial Results
Joby Aviation, Inc. (JOBY) filed an SEC Form 8-K — Results of Operations and Financial Condition. Joby’s all- electric, vertical take-off and landing air taxi flies over Tampa, Florida, on Oct. 29 during the state’s first eIPP flights. (Photo: Joby Aviation) Joby Reports Third Quarter 2026 Financial Results ● Company raised full-year 2026 revenue outlook +15% SANTA CRUZ, Cali
How this was made
The 30-second read
Why it matters
The guidance raise and operational milestones signal progress toward commercial service, likely attracting growth‑oriented investors.
Market read
Joby's raised outlook and operational updates provide a fresh catalyst for the stock and may lift the broader eVTOL sector.
What to watch
Potential delays in FAA certification or reduced defense funding could temper upside.
Joby Reports Third Quarter 2026 Financial Results
Joby raised its full-year 2026 revenue outlook by 15% to $135 million to $140 million, reported Q3 2026 revenue of $55 million primarily from Blade, and cited certification, manufacturing and early-market operating progress.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 revenueother | $55M | – | – |
| Cash, cash equivalents, and short-term investments as of September 30, 2026other | $2.2B | – | – |
| Autonomy focused contracts with the U.S. Air Forceother | ~$37 million | – | – |
| Aircraft in productionother | 17 aircraft | – | – |
| Blade passengers flown in Q3 2026other | 44,000+ passengers | – | – |
Full Year 2026 outlook
- Revenue$135 million to $140 million
- NoteFor the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments to be between $385 million and $415 million.
What drove it
- Q3 2026 revenue of $55 million was primarily from Blade.
- First flights were completed in Texas and Florida as part of the White House-backed eIPP program.
- The company completed a wide range of “for credit” testing as part of the fifth and final stage of FAA type certification.
- Manufacturing output significantly increased, with 17 aircraft now in production.
- Joby’s J208 autonomous aircraft completed the first ever fully autonomous flight across the U.S.
- The planned acquisition of Resonant Sciences is intended to significantly expand Joby’s defense business.
Concerns
- Commercial passenger service remains dependent on certification, manufacturing expansion and commercial preparations.
- Participation in eIPP projects is subject to, among other things, the finalization of OTA contracts.
- The planned Resonant Sciences acquisition remains subject to remaining closing conditions and integration risks.
- Contracts with the U.S. Air Force may be subject to government funding and appropriations constraints.
- Joby anticipates second-half 2026 use of cash, cash equivalents and short-term investments of between $385 million and $415 million.
What to watch
- Progress through the fifth and final stage of FAA type certification.
- Manufacturing output and the number of aircraft in production.
- Delivery against the full-year 2026 revenue outlook of $135 million to $140 million.
- Second-half 2026 use of cash, cash equivalents and short-term investments.
- Closing and integration of the planned Resonant Sciences acquisition.
- Development of eIPP operations and expanded U.S. Air Force autonomy-focused contracts.
Balance sheet and cash flow
- $2.2 billion in cash, cash equivalents, and short-term investments as of September 30, 2026.
Analysis
Joby reported Q3 2026 revenue of $55 million, stated to be primarily from Blade, and raised its full-year 2026 total revenue outlook by 15% to $135 million to $140 million. The release does not provide a prior-year or prior-quarter revenue comparator, revenue mix detail, or a GAAP or non-GAAP income statement.
Operational progress centered on commercialization preparation and certification. The company completed first flights in Texas and Florida under the White House-backed eIPP program and said it completed a wide range of “for credit” testing in the fifth and final stage of FAA type certification. Manufacturing output significantly increased, with 17 aircraft now in production.
Blade flew 44,000+ passengers in what Joby described as a record quarter. Separately, Joby said its J208 autonomous aircraft completed the first ever fully autonomous flight across the U.S., and autonomy-focused contracts with the U.S. Air Force were expanded to ~$37 million. The company also announced a planned acquisition of Resonant Sciences, described as an EBITDA-positive defense technology company with $100 million-plus in trailing twelve-month revenue.
Liquidity stood at $2.2 billion in cash, cash equivalents, and short-term investments as of September 30, 2026. Joby expects use of cash, cash equivalents and short-term investments of between $385 million and $415 million in the second half of 2026. The reported outlook incorporates investment toward eVTOL certification, manufacturing expansion and commercial preparations, making execution on certification, production and cash use the key disclosed items to follow.
Management, verbatim
This quarter, we made important progress on the fifth and final stage of certification, completing a wide range of ‘for 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-backed 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 expansion of our autonomy-focused contracts with the U.S. Air Force to nearly $37 million.
JoeBen Bevirt, founder and CEO
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 that mission, and our engineering, manufacturing and certification efforts are focused on bringing it to market. The progress we’re making gives me every confidence that Joby will continue to lead the way.
JoeBen Bevirt, founder and CEO
Not in the filing
stated, not guessed- GAAP gross profit and gross margin
- GAAP operating expenses
- GAAP operating income or loss
- GAAP net income or loss
- GAAP diluted EPS
- Non-GAAP gross profit, operating income, net income or EPS
- Prior-year and prior-quarter revenue for Q3 2026
- Year-over-year and sequential revenue growth
- Blade revenue as a separately reported segment line item
- Other segment revenue and profitability
- Operating cash flow
- Free cash flow
- Debt balance
- Share repurchases
- Dividends
- Capital expenditures
- Prior revenue outlook needed to compare actual results with prior guidance
- Guidance for gross margin, operating expenses or tax rate
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Joby Aviation filed a Form 8‑K reporting its Q3 2026 results, including record Blade passenger numbers and an expanded Air Force contract.
Ticker impact
Joby Aviation raised its full‑year 2026 revenue outlook by 15% to $135‑$140 million and reported Q3 revenue of $55 million.
likely upward pressure as investors price in the higher revenue outlook
The 15% revenue outlook increase is material for a growth‑stage company and comes with concrete Q3 results, creating a clear catalyst for buying.
Market effects
Boosts sentiment for the urban air‑mobility and eVTOL sector, potentially lifting peers.
Positive for U.S. aerospace and defense investors.
Limited to niche transportation and defense markets.
Counterpoint
The raised outlook may be optimistic given ongoing certification risks and high cash burn.
Key entities
- companyJoby Aviation, Inc.
eVTOL air‑taxi developer listed on NYSE.
- business unitBlade
Joby's urban air‑mobility service generating Q3 revenue.
