Joby Aviation ended the second quarter with $2.3 billion in cash and short-term investments as it prepared to start first flights under the U.S. eVTOL Integration Pilot Program in Texas in September. The electric air taxi developer also lifted its full-year 2026 revenue outlook and pointed to continued progress in FAA type certification, manufacturing and early commercialisation.
The Santa Cruz, California-based company reported second-quarter revenue of $38.6 million, supported mainly by Blade operations, and narrowed its expected cash use for the second half of the year to between $385 million and $415 million. Joby now expects 2026 revenue of $115 million to $125 million, up from its earlier guidance.
Chief executive JoeBen Bevirt described the period as Joby’s strongest quarterly progress yet in the final stage of FAA type certification. The company said five aircraft were flying at quarter-end, with 12 more in production, as it works toward first passenger operations before year-end under the Texas eIPP programme.