Overview
- Joby said on August 5 that it expects to begin flights in Texas under the federal eVTOL Integration Pilot Program in September and is targeting its first paying passengers before the end of 2026.
- The company reported its strongest quarter in the FAA’s fifth and final type certification stage with five conforming aircraft flying and 12 more in production.
- Joby is scaling manufacturing through a joint venture with Toyota and has split its ramp between California and Ohio while leasing a 45,000 sq ft base in North Texas to support initial operations.
- Financially, Joby raised its 2026 revenue guidance to $115 million–$125 million, recorded $36.2 million in Q2 revenue from Blade, disclosed $2.3 billion in cash and expects $385 million–$415 million of cash use in H2 2026.
- The company announced a partnership with Atoms to build multimodal hubs and will operate in a multi-operator Texas eIPP project that links Dallas, Austin and San Antonio and may expand to Houston, using the program to collect data before full commercial service.