Joby Raises 2026 Outlook After Record Blade Quarter

The Tip Desk · November 5, 2026 · 4 min read

The air-taxi developer posted $55.1 million of third-quarter revenue, mostly from Blade, and lifted its full-year 2026 outlook 15% to $135 million–$140 million.

Joby Aviation, Inc. (JOBY), the California-based developer of electric air taxis, raised its full-year 2026 revenue outlook 15% to a range of $135 million to $140 million after third-quarter revenue of $55.1 million, primarily from its Blade urban air-mobility business.

That outlook followed a prior raise to $115 million to $125 million in the second-quarter release, when Blade alone generated $36.2 million.

Blade flew more than 44,000 passengers in the third quarter, the most in any quarter in the company’s history. Growth was led by New York airport service, where passenger numbers rose 61% year-over-year and the number of new airport passengers more than doubled. Joby also launched service to Austin’s Circuit of the Americas and announced the return of BLADEone, a 16-passenger jet connecting the New York area with Miami and Palm Beach.

The company completed first flights under the White House-backed eVTOL Integration Pilot Program in Texas and Florida, after the second-quarter release said those flights were expected in September in Texas. In Texas, a week-long campaign included missions between Alliance Airport in Fort Worth, regional sites and DFW International Airport, including an approach through the airspace between two active runways. In Florida, Joby recreated the 1914 Jannus flight across Tampa Bay, taking off from Albert Whitted Airport in St. Petersburg and landing at Tampa International, and also flew at Orlando International. The company said it sees a path under eIPP from pilot-only flights to non-paying and eventually paying passengers as certification progresses.

On FAA type certification, Stages 1 through 3 were complete. As of October 30, 2026, Stage 5 was 25% complete for Joby and 14% for the FAA. Joby said it completed a series of “for credit” tests covering the fuselage, propeller hubs, tail, ruddervators, tilt actuators and high-resolution recorder, and that the FAA approved test reports covering the inboard nacelle, landing gear and tail tip nacelle beam. The company said FAA pilot training and Joby flight testing for Type Inspection Authorization are expected in the first half of next year.

Manufacturing output increased. Seventeen aircraft were in production, and work orders were released for an eighteenth, versus five aircraft flying and 12 more in production in the second quarter. From the first to the third quarter of 2026, output across eight core manufacturing shops increased 37%, and the proportion of articles with a recorded nonconformance fell 38%.

Operating expenses for the quarter totaled $333.2 million, including $54.7 million of stock-based compensation and $12.1 million of depreciation and amortization. Net loss was $211.8 million, down $189.4 million from the third quarter of 2025, primarily from a $286.0 million improvement in other income that included a $278.9 million favorable change in the fair value of warrants, earnout shares and contingent consideration. Other income also included $16.7 million of interest and other income, net.

Cash, cash equivalents and short-term investments were $2.2 billion as of September 30, 2026. For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments of $385 million to $415 million, unchanged from the second-quarter outlook.

The U.S. Air Force expanded autonomy-focused contracts to nearly $37 million from nearly $20 million previously awarded, and raised the operational-testing contract ceiling from $5 million to $50 million. Joby’s Superpilot system flew a Cessna Caravan 3,199 miles from Concord, California, to North Carolina’s Outer Banks with zero disengagements.

Joby entered a definitive agreement to acquire Resonant Sciences, an EBITDA-positive defense technology company with more than $100 million in trailing twelve-month revenue through July 2026, growing about 40% year-over-year, with high-teens adjusted EBITDA margins. Bookings in the first half of 2026 exceeded three times the prior-year level, and backlog more than doubled year-over-year. The acquisition is expected to close in early 2027, subject to regulatory approvals and other closing conditions.