Overview
- Joby reported quarterly revenue of $38.6 million on Thursday, beating Wall Street estimates of about $30 million and reflecting $36.2 million from its acquired Blade helicopter operations.
- The company’s operating loss widened to $260.9 million in Q2 and GAAP EPS was a loss of $0.25, which slightly missed analyst forecasts.
- Management raised full-year 2026 revenue guidance to roughly $120 million from $110 million and said it held about $2.3 billion in cash with H2 cash use guided at $385 million to $415 million.
- Joby says it is in the fifth and final stage of FAA type certification, has five eVTOLs flying (including one FAA-conforming aircraft), twelve more in production and two planned deliveries this year, with certification targeted for late 2026 or early 2027 as the company frames it.
- Shares ticked up modestly after the report but remain down about 41% year-to-date, and analysts urged more detail on post-certification unit economics and the production ramp to judge whether near-term revenue will become a sustainable business.