Joby Q2 2026 Results Raise Guidance

Joby Aviation (NYSE: JOBY) reported Q2 2026 results on Aug. 5 showing record revenue, prompting the company to raise its 2026 revenue outlook and highlight progress in the final stage of FAA type certification as it prepares for initial passenger flights.

Record Quarter and Raised Guidance

Joby said in a press release and shareholder letter that Q2 revenue reached a record, driven largely by its Blade urban air mobility business. Blade generated $36.2 million, accounting for most of the consolidated Q2 revenue of $38.6 million, up from $15,000 a year earlier. Management reported a GAAP net loss of about $245 million and a loss per share of –$0.25, missing Street estimates of –$0.21 to –$0.23. Operating expenses were roughly $299 million. The company ended the quarter with $2.3 billion in cash, cash equivalents, and short-term investments.

Joby raised its full-year 2026 revenue guidance to a range of $115 million to $125 million from a prior $105 million to $115 million. It also provided second-half cash-use guidance of $385 million to $415 million. Despite the revenue beat and raised outlook, investor focus remained on certification timing and cash consumption, with a mixed market reaction on the day of the release and muted moves afterward.

Certification Progress and Commercial Timeline

On the Aug. 5 earnings call, management said Joby recognized $63 million of revenue in the first half of 2026 and cited Blade’s seasonal strength, which typically peaks in the third quarter, as the basis for raising guidance. Management said it "feel(s) good about delivering on this increased range."

The company described Q2 as its strongest quarter yet in the fifth and final stage of FAA type certification. This progress is linked to flight testing of N547JX, Joby’s first conforming aircraft built to an FAA-approved design for Type Inspection Authorization, and to for-credit flight testing with FAA pilots.

Joby expects first flights under the White House–backed electric vertical takeoff and landing (eVTOL) Integration Pilot Program (eIPP) in September in Texas. The program, created by presidential executive order, selected initial projects on March 9, 2026, across 26 states. Joby was named in several winning applications, giving it access to early operations in up to 10 states. The company reiterated its target to carry first passengers before the end of 2026. Five aircraft are currently flying, 12 are in production, and two more deliveries are planned during the year.