BETA Technologies, Inc. Class A (BETA) Q3 2026 Earnings Report

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BETA Upcoming Earnings

BETA Technologies, Inc. Class A's next earnings date is estimated for March 15, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Summary

Q3 2026

Earnings Call Date:Nov 03, 2026|% Change Since:23.45%|

Earnings Call Sentiment|Positive

The call was strongly positive, led by record quarterly revenue, a 98% year-over-year revenue increase, raised full-year revenue guidance, progress toward or completion of three of five annual KPIs, the first FAA market survey authorization for an eVTOL, six live eIPP programs, a backlog above $4 billion, and continued certification, defense, manufacturing, and financing progress. The main negative factors were continuing operating losses, substantial R&D and G&A spending, incomplete production-rate and certification milestones, pending regulatory approvals, quarterly revenue-timing variability, expected year-over-year R&D growth in 2027, and the fact that the EXIM financing has not yet closed. Highlights significantly outweighed the lowlights.

Company Guidance

BETA raised full-year 2026 revenue guidance to a range of $52 million-$57 million; full-year Adjusted EBITDA and CapEx guidance remains unchanged, with year-to-date Adjusted EBITDA at -$305 million against a full-year guidance range of -$400 million to -$445 million. Q4 revenue guidance implies somewhere between $9 million-$14 million in the quarter, and the company said it has line of sight to be on the higher end of the range. BETA expects to provide 2027 guidance on its fourth quarter call in the new year, including KPIs.

Record Quarterly Revenue and Guidance OutperformanceThird-quarter revenue was $17.7 million, the highest quarterly revenue in BETA's history, and exceeded the $8 million-$12 million guidance range by more than 50%. Revenue grew approximately 98% year-over-year, marking the second consecutive quarter of sequential growth, all organic and with no inorganic revenue through acquisitions.
Full-Year Revenue Guidance RaisedBETA raised its full-year 2026 revenue guidance to $52 million-$57 million. Year-to-date revenue reached $42.5 million, already exceeding the low end of the prior full-year guidance range of $42 million-$50 million with a full quarter remaining.
Improved Adjusted EBITDA PerformanceThird-quarter Adjusted EBITDA was -$97.4 million, better than the guidance range of -$115 million to -$125 million. The outperformance was attributed to higher revenue, operating expenses below forecast, and capitalization of qualifying aircraft components. Year-to-date Adjusted EBITDA was -$305 million versus the full-year guidance range of -$400 million to -$445 million.
First FAA Market Survey Authorization for an eVTOLOn October 16, BETA earned the FAA market survey airworthiness certificate for the ALIA A250 N250XT, which management described as the first eVTOL aircraft in history to receive one. The authorization followed demonstrations of stable flight across the flight envelope, wind conditions, vertical and runway landings, maintenance documentation, a maintenance program, and a stable aircraft configuration across a meaningful number of flight hours.
Successful Inaugural VTOL Market Survey FlightFour days after receiving the authorization, BETA flew its first vertical-to-vertical market survey flight from New York to Vermont across Lake Champlain. The flight covered 34 nautical miles in less than 20 minutes, compared with a typical drive of an hour and a half that includes a ferry.
Commercial Aircraft Backlog Exceeded $4 BillionCommercial aircraft backlog stood at just over $4 billion, with more than 1,000 aircraft in firm and option orders backed by financial commitments. The backlog target was achieved two months ahead of the year-end goal, and a recent order involving an obscure cargo application helped push the backlog above $4 billion.
Flight-Test Milestone Reached Ahead of ScheduleBETA crossed a quarter million nautical miles flown more than two months ahead of schedule. The company attributed progress toward this milestone to all-weather IFR capability, high reliability, and high dispatch rates. Aircraft have operated across 14 countries and in conditions including snow, sleet, humidity, desert, Arctic, and Nordic environments.
Charging Network Exceeded TargetBETA had 168 charging sites, ahead of its year-end target of 150. The sites are located in communities served by eIPP operators, including hospitals, regional airports, and emergency-response staging areas, rather than being described as urban showcase installations.
Six of Seven eIPP Programs LiveBETA launched six of the seven awarded eIPP programs, bringing aircraft to customer operations and flying customer routes, schedules, and conditions. The company stated that it demonstrated mission operations in good and bad weather, low cost per flight hour, and dispatch reliability, while cargo and medical transport operations are underway.
eIPP Program Advancing Toward Revenue OperationsPhase one of eIPP is focused on proving mission closure, demonstrating measurable cost savings, and building a record of safe and reliable operations. The next phase is expected to move from Part 91 operations toward Part 135 revenue-generating flights, with operational approval pathways being developed with the FAA and Department of Transportation.
Battery Degradation Better Than ForecastBETA reported that available flight data shows battery degradation is less than forecast. Management stated that aircraft have accumulated enough cycles to pass the anticipated battery half-life and that the measured degradation supports lower per-flight operating costs.
Components Business Has $1 Billion BacklogThe components business has its own $1 billion backlog and supplies motors, batteries, flight-control computers, flight-control systems, and other components to other aircraft programs. Management said five aircraft programs currently use some combination of BETA batteries, flight controls, motors, and propellers, supporting current revenue and potential future service and aftermarket relationships.
Product and Service Revenue Growth with Gross Margin ExpansionProduct revenue grew 78% and service revenue grew 108% year-over-year. Management also reported approximately 300 basis points of gross-margin acceleration from the third quarter of 2025 to the third quarter of 2026, citing increased volume through the shop floor as industrialization progresses.
Progress on Vertical Integration and ManufacturingBETA has invested in large-format composite manufacturing and is building FAA-conforming composite and metallic structures for flight-test aircraft. The company stated that vertical integration across composites, motors, batteries, and flight-control computers has enabled faster execution and kept the cost of bill of materials in check.
Manufacturing Capacity Demonstrated Across Key ComponentsBETA has demonstrated capacity equivalent to 4.5 aircraft per month across several vertically integrated component lines, including flight-control computers, battery packs, wire harnesses, and inverters. The company is extending this work across major airframe structures through targeted pulse builds.
EXIM Bank Financing Package ProgressingBETA's application for an additional $830 million of long-duration, low-cost, non-dilutive EXIM Bank financing continued to advance. The company said it has begun clearing the bank's review committees and that the financing would support domestic manufacturing expansion, production, and vertical integration.
Strong Cash PositionBETA ended the quarter with approximately $1.3 billion in cash and cash equivalents. Management stated that, as the EXIM financing advances, it believes BETA has the strongest balance sheet in its sector.
Certification Progress Across Multiple ProgramsFor the H500A, durability and lightning testing were complete, software development was substantially complete, all software runs had been performed on for-credit tests, and BETA had aligned with the FAA on compliance demonstrations. BETA submitted the H500B amended type certification application and received conceptual alignment that the B is a derivative product eligible for an amended type certificate. For the CX300, certification plans required for early system testing had been accepted by the FAA and testing was underway.
Defense Program and Military Engagement MomentumThe CX300 flew by invitation at the Miramar Air Show, which BETA described as the first electric aircraft to fly at that military air show. The company reported strong engagement across the armed services, Pentagon discussions regarding the MV250, ongoing DEVCOM-funded work on hybridization and autonomy, and a target of contested logistics along with potential search-and-rescue, launched-effects, and CASEVAC missions.
MV250 Uses Common Commercial ArchitectureThe hybrid and autonomous MV250 shares the A250 platform's wing, tail, electric motors, flight controls, batteries, and other core systems. BETA stated that the architecture enables manufacturing economies of scale, an existing supply chain, and flight-time benefits from commercial programs, while the GE turbogenerator and Sikorsky MATRIX autonomy add hybrid and autonomous capability.
Partnership and Commercialization ProgressBETA reported continued collaboration with GE, successful delivery performance for Embraer Eve's program, and strong and growing partnerships with GE Aerospace, Eve Air Mobility, and General Dynamics APS. The company also established a service and support organization and developed BETA Operate, a forecasting and aircraft-data application intended to support its future customer-support channel.
Expanded Charging and eIPP Revenue OpportunityFlorida ordered 34 chargers, which BETA has been manufacturing and deploying. Management said other states participating in eIPP are also advancing charging infrastructure, and identified charging as the expected large revenue driver, alongside potential aircraft rental or leasing, pilot training, and maintenance activities as operations move toward Part 135.
Positive Regulatory and Noise-Testing DevelopmentsNoise testing conducted jointly with Penn State and the FAA returned strong results, and the FAA is using the data to define noise requirements for the aircraft class and inform regulations. BETA also said the FAA's published safety-continuum policy for powered-lift aircraft supports the cross-platform compliance approach used for the CX300 and A250.
Commercial and Military Aircraft Ramp StrategyManagement said the MV250 ramp-up is expected to be slightly ahead of the eVTOL ramp-up. Initial MV250 activity is expected to enter a rapid-prototyping contract, with future demonstrations based on the hybridization and autonomy work already performed on BETA's electric aircraft.
Large Passenger Aircraft Technology ReuseBETA stated that its larger passenger-aircraft concept will use common technology and manufacturing capabilities developed for existing aircraft. The company said its advanced-systems team is working on future programs and that longer range can come from structural lightweighting, aerodynamics, propulsive efficiency, and gear-train efficiency in addition to battery improvements.

BETA Earnings History

BETA earnings history
Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Press Release
Mar 15, 2027	2026 (Q4)	-0.54-	-2.02	―	―
Nov 03, 2026	2026 (Q3)	-0.59-0.51	-9.83	94.81% (+9.32)
Aug 12, 2026	2026 (Q2)	-0.55-0.64	-0.47	-37.63% (-0.17)
May 12, 2026	2026 (Q1)	-0.62-0.53	―	―
Mar 09, 2026	2025 (Q4)	-0.52-2.02	-0.39	-419.28% (-1.63)
Nov 04, 2025	2025 (Q3)	―-9.83	-0.36	-2645.81% (-9.47)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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BETA Technologies, Inc. Class A earnings date

BETA Technologies, Inc. Class A (BETA) Q3 2026 Earnings Report

BETA Q3 2026 EPS Results

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BETA Earnings History

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