Joby Aviation (JOBY) Q3 2025 Earnings Transcript
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Joby Aviation (NYSE:JOBY) marked a major milestone by commencing power-on testing of its first FAA TIA aircraft, indicating close proximity to the final certification stage. Management confirmed that all five TIA test aircraft are progressing in parallel, and that manufacturing output has significantly increased in 2025 to meet accelerating demand in U.S. and international markets, particularly in Dubai. The company’s autonomy program demonstrated substantial operational maturity with thousands of autonomous flight miles logged and forged a partnership with NVIDIA for future upgrades. A hybrid-electric aircraft entered ground testing for defense applications and is positioned to compete for Department of War procurement. Quarter revenue was dominated by Blade, now integrated into Joby’s route network, but legacy Agility Prime defense revenue will not continue.
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