Joby Aviation (NYSE:JOBY) Announces Quarterly Earnings Results

Joby Aviation (NYSE:JOBY) announced its quarterly earnings results on Wednesday. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02), FiscalAI reports. The firm had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The business’s revenue for the quarter was up 257493.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($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 Trading Up 6.1%

Shares of JOBY traded up $0.48 during trading hours on Thursday, hitting $8.28. 49,045,077 shares of the stock were exchanged, compared to its average volume of 32,779,352. Joby Aviation has a fifty-two week low of $6.63 and a fifty-two week high of $19.98. The business has a 50-day moving average of $8.78 and a 200-day moving average of $9.65. The firm has a market capitalization of $8.14 billion, a P/E ratio of -7.20 and a beta of 2.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JOBY shares. Susquehanna set a $18.00 target price on shares of Joby Aviation in a report on Thursday. Needham & Company LLC cut their price target on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Morgan Stanley lowered their target price on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Joby Aviation in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $13.81.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Revenue beat and raised outlook: Joby reported second-quarter revenue of $38.64 million, above the $30.20 million analyst consensus, and increased its 2026 revenue guidance to $115 million-$125 million from expectations of approximately $111.3 million. Joby Stock Pops as Air-Taxi Sales Jump But the Wait for Investors Isn’t Over
• Positive Sentiment: Launch milestones are approaching: Joby said its first electric air-taxi flights under the U.S. eVTOL Integration Pilot Program are expected in September in Texas. Management also said it is closer than ever to launching passenger service, supporting the view that commercial operations are progressing. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Infrastructure expansion: Joby leased 45,000 square feet near Perot Field Fort Worth Alliance Airport, establishing a North Texas hub. Separately, its partnership with Atoms is intended to develop vertiports in U.S. markets targeted by the federal pilot program, strengthening the planned operating network. Joby Aviation Establishes Hub at Perot Field Fort Worth Alliance Airport
• Neutral Sentiment: Analyst remains constructive but trims target: Needham lowered its price target from $18 to $15 while retaining a Buy rating, implying continued long-term confidence but acknowledging valuation or execution concerns. Needham Lowers Joby Aviation Price Target
• Negative Sentiment: Loss exceeded expectations: Joby posted a quarterly loss of $0.25 per share versus the expected $0.23 loss. Investors are still waiting for aircraft certification and a profitable commercial service launch, which limited the market’s response to the sales beat. Joby Aviation Reports Q2 Loss and Beats Revenue Estimates

Insiders Place Their Bets

In related news, Director Paul Cahill Sciarra sold 416,666 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $12.02, for a total transaction of $5,008,325.32. Following the completion of the sale, the director owned 55,911,391 shares of the company’s stock, valued at $672,054,919.82. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kate Dehoff sold 14,240 shares of Joby Aviation stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $7.73, for a total transaction of $110,075.20. Following the completion of the sale, the insider owned 180,179 shares of the company’s stock, valued at $1,392,783.67. This represents a 7.32% decrease in their position. The SEC filing for this sale provides additional information. 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 valued at $11,423,677 over the last quarter. Company insiders own 20.35% of the company’s stock.

Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of JOBY. EverSource Wealth Advisors LLC increased its holdings in Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. DV Equities LLC purchased a new stake in Joby Aviation in the 4th quarter valued at $33,000. Ancora Advisors LLC bought a new position in Joby Aviation during the 3rd quarter valued at $35,000. Strs Ohio bought a new stake in shares of Joby Aviation in the 1st quarter worth $37,000. Finally, Arax Advisory Partners lifted its position in shares of Joby Aviation by 53.6% during the fourth quarter. Arax Advisory Partners now owns 4,267 shares of the company’s stock valued at $56,000 after purchasing an additional 1,489 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.

Joby Aviation Company Profile

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.