Joby Aviation (NYSE:JOBY) Issues Quarterly Earnings Results

Joby Aviation (NYSE:JOBY) posted its quarterly earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.02), FiscalAI reports. The business had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 58.65%. The business’s quarterly revenue was up 257493.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.41) earnings per share.

Here are the key takeaways from Joby Aviation’s conference call:

• Joby plans to begin eIPP flights in Texas next month, initially with company pilots and potentially progressing to non-paying and paying passengers; management continues to target carrying its first passengers in 2026.
• Blade delivered strong demand, with Q2 seats sold up more than 50% year over year and first-half revenue up 32%. Joby raised full-year revenue guidance to $115 million-$125 million from $105 million-$115 million.
• Manufacturing and strategic partnerships advanced, including five aircraft now flying, 12 more in production, a nearly 40% reduction in manufacturing non-conformance rates, and a Toyota joint venture expected to support higher-volume production. Toyota’s planned $250 million direct investment is expected to close by year-end or early 2027.
• Joby is expanding its commercial infrastructure through an Atoms co-investment partnership and cited progress on vertiports in Florida, Dubai, Japan, Korea, Australia and elsewhere, though the arrangement will require Joby to contribute capital.
• Cash use is expected to increase to $385 million-$415 million in the second half of 2026 as Joby invests in certification, manufacturing and eIPP readiness. Q2 operating expenses rose to $300 million and the company reported a $245 million GAAP net loss, although much of the sequential increase reflected a non-cash warrant valuation adjustment.

Joby Aviation Stock Up 4.8%

Shares of JOBY stock traded up $0.40 during trading hours on Friday, hitting $8.62. 29,827,657 shares of the company’s stock traded hands, compared to its average volume of 32,779,613. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $8.70 and its two-hundred day simple moving average is $9.60. Joby Aviation has a 12-month low of $6.63 and a 12-month high of $19.98. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -8.71 and a beta of 2.73.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Revenue beat and raised outlook: Joby reported second-quarter revenue of $38.6 million, ahead of the $30.2 million consensus estimate, and raised its 2026 revenue guidance to $115 million-$125 million versus an expected $111.3 million. The company also said its Blade helicopter business generated $36.2 million in quarterly revenue. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Commercial launch is approaching: Joby expects its first flights under the electric aircraft pilot program in Texas in September and said its aircraft has reached the fifth and final stage of Federal Aviation Administration certification, reinforcing expectations that service could begin after regulatory approval. Joby Ramps Up Aircraft Production Ahead Of eVTOL Pilot Program
• Positive Sentiment: Production and infrastructure are advancing: Joby is increasing aircraft production ahead of the pilot program and signed a 45,000-square-foot lease near Fort Worth, Texas. Separately, Atoms, a real-estate venture associated with Uber founder Garrett Camp, plans to help develop a nationwide vertiport network, potentially improving the company’s ability to scale operations. Atoms and Joby Aviation Partner to Build Nationwide Vertiport Network
• Neutral Sentiment: Analyst support remains favorable but more cautious: Needham maintained a Buy rating while reducing its price target from $18 to $15, implying substantial potential upside but reflecting a more conservative valuation. Needham Lowers Joby Price Target
• Negative Sentiment: Losses remain significant: Joby posted a quarterly loss of $0.25 per share, missing the $0.23 consensus estimate, and reported a net loss of approximately $245 million. Investors continue to focus on the company’s cash burn, FAA certification and the timing of commercial service rather than revenue growth alone. Joby Stock Falls Despite a Sales Beat

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Morgan Stanley lowered their price target on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings raised shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. HC Wainwright reissued a “buy” rating on shares of Joby Aviation in a report on Thursday. Finally, Susquehanna set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and an average target price of $13.81.

Insider Activity at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 421,019 shares of Joby Aviation stock in a transaction on Friday, May 15th. The stock was sold at an average price of $10.38, for a total transaction of $4,370,177.22. Following the completion of the transaction, the chief executive officer owned 31,678,802 shares in the company, valued at approximately $328,825,964.76. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kate Dehoff sold 14,240 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $7.73, for a total value of $110,075.20. Following the completion of the sale, the insider directly owned 180,179 shares in the company, valued at $1,392,783.67. This trade represents a 7.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,050,736 shares of company stock worth $11,423,677 over the last quarter. 20.35% of the stock is currently owned by company insiders.

Institutional Trading of Joby Aviation

Several institutional investors have recently bought and sold shares of JOBY. Ancora Advisors LLC purchased a new position in shares of Joby Aviation in the 3rd quarter worth $35,000. DV Equities LLC bought a new stake in shares of Joby Aviation during the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its position in shares of Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after purchasing an additional 1,880 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Joby Aviation by 38.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,256 shares of the company’s stock valued at $56,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Arax Advisory Partners boosted its stake in shares of Joby Aviation by 53.6% in the fourth quarter. Arax Advisory Partners now owns 4,267 shares of the company’s stock worth $56,000 after acquiring an additional 1,489 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.