Electric air taxi maker Joby Aviation's Q2 revenue beats, raises 2026 outlook
Electric air taxi maker Joby Aviation's Q2 revenue beats, raises 2026 outlook
Overview
US electric air taxi developer's Q2 revenue rose, beating analyst expectations
Company raised 2026 revenue outlook to $115 mln-$125 mln after strong Blade performance
Company highlighted progress on FAA certification and new strategic partnerships
Outlook
Joby raises 2026 revenue outlook to $115 mln-$125 mln
Company expects H2 2026 cash use of $385 mln-$415 mln
Outlook includes continued investment in certification, manufacturing scale, and commercialization efforts
Result Drivers
BLADE REVENUE - Strong Blade performance generated $36.2 mln in Q2 revenue, contributing to higher full-year outlook
MANUFACTURING RAMP - Five aircraft flying and 12 more in production as manufacturing scale increases
CERTIFICATION PROGRESS - Strongest quarterly progress yet in fifth and final stage of FAA Type Certification
Company press release: ID:nBw3KTg3Sa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $38.6 mln | $30.38 mln (7 Analysts) |
Q2 Loss Per Share |
| $0.25 |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Joby Aviation, Inc. is $11.54, about 44.8% above its August 4 closing price of $7.97
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)