Joby Aviation, Inc. (JOBY) · Nov 4, 2026 · Earnings

Joby earnings raise 2026 revenue outlook as certification advances

Guidance raised — FY2026 revenue raised to $135M-$140M from $115M-$125M

Joby’s Q3 earnings update raises 2026 revenue guidance as FAA testing, manufacturing output and defense contracts advance.

Joby is moving from aircraft development toward FAA certification, scaled production and early commercial operations, while Blade provides current revenue and the planned Resonant Sciences deal broadens its defense platform. The prior quarter already had a $115 million-$125 million 2026 revenue outlook, five aircraft flying, 12 more in production and first eIPP passengers targeted for 2026.

The clearest change is a meaningful revenue-guide increase. Joby raised its full-year 2026 revenue outlook to $135 million-$140 million from $115 million-$125 million, a roughly 14%-19% increase at the range endpoints. The filing does not provide enough quarterly financial detail here to call an EPS or revenue beat versus consensus, but the higher full-year target is a genuine upgrade to the operating outlook.

MetricCurrentPrior guidance
FY2026 revenue outlook (Outlook)$135M-$140M$115M-$125M
H2 2026 cash use (Outlook)$385M-$415M$385M-$415M
U.S. Air Force autonomy contracts (Management commentary)Nearly $37M—

Certification and manufacturing are progressing, but the company is still in execution mode rather than commercial scale. Completing a broad set of FAA “for credit” tests and increasing manufacturing output support the existing air-taxi roadmap, but they are milestones toward certification—not certification itself. 〔0〕 〔1〕

Defense is becoming a more credible second growth engine, although the major acquisition remains future-dated. Joby expanded its autonomy-focused U.S. Air Force contracts to nearly $37 million and highlighted a planned acquisition of EBITDA-positive Resonant Sciences with more than $100 million of trailing revenue. That acquisition was announced in August and is therefore not a new surprise; its importance is that this quarter’s update reinforces Joby’s attempt to build a defense business alongside the commercial air-taxi program. Resonant is expected to close in the first half of 2027 and was previously described as a roughly $500 million transaction funded mostly with cash.

The cash outlook is steady rather than better. Joby maintained expected second-half cash use at $385 million-$415 million, so the revenue raise is not accompanied by lower spending or a clearer profitability path. That leaves the positive signal concentrated in execution and revenue timing, not improved cash efficiency.

Bottom line: This is a modestly positive update: Joby raised revenue expectations and showed tangible certification, production and defense progress, but the core air-taxi business remains dependent on completing certification and converting demonstrations into commercial operations.

What to watch next

FAA certification completion and commercial launch preparations

Original filing on SEC EDGAR

More Joby Aviation, Inc. news

Joby earnings raise 2026 revenue outlook as certification advances | JOBY Stock News
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