Joby Aviation Q2 Earnings Call Highlights

Joby plans to begin eVTOL integration pilot flights in Texas next month , initially carrying only a pilot before progressing to non-paying and eventually paying passengers under FAA oversight. The company continues to target carrying its first passengers commercially this year. Second-quarter revenue rose to $39 million , driven mainly by Blade’s passenger business, prompting Joby to raise its full-year revenue guidance to $115 million–$125 million. Blade seats sold increased more than 50% year over year, though aircraft availability is limiting some routes. Spending and losses increased as Joby invests in certification and commercial readiness. The company reported a $245 million GAAP net loss, ended the quarter with approximately $2.3 billion in cash and investments, and expects second-half cash use of $385 million–$415 million while advancing manufacturing, infrastructure and international plans. Archer and Anduril Put ACHR Stock on a New Defense Flight Path Joby Aviation NYSE: JOBY said it plans to begin its first flights under the federal electric vertical takeoff and landing integration pilot program, or eIPP, in Texas next month, as the company prepares for commercial passenger operations and expands manufacturing and infrastructure efforts. Founder and Chief Executive Officer JoeBen Bevirt said the Dallas-Fort Worth-area flights are expected to take place over a week and will demonstrate vertical takeoff and landing operations across a major metropolitan market. The flights will initially carry only a pilot, with the company expecting the program to progress to non-paying passengers and eventually paying passengers with Federal Aviation Administration oversight. Joby continues to target carrying its first passengers this year, Bevirt said. He described eIPP as a potential accelerator for commercialization and said the company believes operational experience gained through the program could also support its certification effort. Blade Drives Higher Revenue Outlook Joby reported second-quarter revenue of $39 million, primarily from its Blade passenger business, compared with $25 million in the first quarter. Chief Financial Officer Rodrigo Brumana said Blade’s seasonal summer ramp, favorable weather and demand around major events supported the quarter. Vertical Aerospace: Pre-Flight Checks Point to a Breakout Blade’s seats sold increased more than 50% from the prior-year period, marking its strongest second quarter in that measure, according to Bevirt. Blade also recorded its highest number of new passengers traveling to and from New York City airports since 2023. Hamptons revenue grew more than 40% year over year, aided by route expansions, while Blade sold roughly 4,500 seats to or from the Monaco Grand Prix. Joby raised its full-year revenue guidance to $115 million to $125 million, from prior guidance of $105 million to $115 million. The company had recognized $63 million in revenue during the first half of 2026 and said Blade typically experiences its peak period in the third quarter. Bevirt said aircraft availability, rather than passenger demand, has become the main constraint on several Blade routes. The company is also pursuing demand-generation initiatives through its relationship with Uber and a new Blade partnership with Visa that provides Visa Infinite consumer and business cardholders certain benefits on Blade’s New York airport service. Joby said Blade’s existing helicopter operations illustrate the importance of vertical lift to customers. Bevirt noted that a fixed-wing flight from Teterboro to Montauk can be booked for roughly one-third...