Joby Aviation (NYSE:JOBY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Joby Aviation (NYSE:JOBY) announced its quarterly earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03, FiscalAI reports. The business had revenue of $55.09 million for the quarter, compared to analyst estimates of $38.95 million. Joby Aviation had a negative net margin of 462.85% and a negative return on equity of 48.49%. Joby Aviation’s quarterly revenue was up 143.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) EPS.

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

• Certification advanced to its final stage: Joby completed multiple FAA “for-credit” tests and expects FAA pilot training and company flight testing in the first half of 2027, ahead of TIA flight testing. Management said eIPP commercial passenger flights would be tied to substantial TIA testing.
• Manufacturing output and quality improved: From Q1 to Q3, output across eight core shops rose 37% while recorded non-conformances fell 38%. Joby said it has released work orders for its 18th production aircraft on the Marina line and is working with Toyota to scale production.
• Blade posted record passenger volume, lifting guidance: The business flew more than 44,000 passengers in Q3, with New York airport passengers up 61% year over year. Joby raised 2026 revenue guidance to $135 million–$140 million, while noting Blade’s seasonal Q4 slowdown and potential weather impacts.
• Cash burn and losses remain significant: Joby ended Q3 with about $2.2 billion in cash and short-term investments, but used $195 million during the quarter, reported a $208 million adjusted EBITDA loss, and raised $128 million through its ATM equity program. The company expects second-half cash use of $385 million–$415 million.
• Joby is expanding its defense business: New Air Force contracts bring autonomy contract value to about $37 million, and the planned Resonant Sciences acquisition would add a growing, EBITDA-positive defense business. The deal remains subject to closing conditions and is expected to require $450 million in cash consideration.

Joby Aviation Price Performance

Shares of NYSE JOBY traded up $0.64 during midday trading on Friday, reaching $5.93. The company’s stock had a trading volume of 32,412,727 shares, compared to its average volume of 30,205,926. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The company has a market cap of $5.87 billion, a P/E ratio of -8.13 and a beta of 2.84. The business’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $8.48. Joby Aviation has a fifty-two week low of $4.43 and a fifty-two week high of $17.10.

Insider Buying and Selling at Joby Aviation

In other news, insider Kate Dehoff sold 8,279 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total transaction of $42,140.11. Following the completion of the sale, the insider directly owned 196,964 shares in the company, valued at approximately $1,002,546.76. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Paul Sciarra sold 62,500 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $4.97, for a total value of $310,625.00. Following the sale, the director owned 55,578,057 shares of the company’s stock, valued at approximately $276,222,943.29. The trade was a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 over the last ninety days. 20.35% of the stock is owned by corporate insiders.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55.1 million, well above analyst expectations, while its per-share loss was narrower than forecast. Revenue rose 143.8% year over year, and the company raised its 2026 revenue outlook to $135 million–$140 million. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company said its aircraft has reached the fifth and final stage of FAA type certification, with “for credit” testing underway. Management is targeting type inspection authorization in the first half of 2027, an important step toward commercial operations. Joby Aviation reaches FAA’s final certification stage
• Positive Sentiment: Joby reported a 37% increase in manufacturing output and a record quarter at its Blade passenger business, supporting the case for growing operations ahead of potential air-taxi service. Joby Q3 2026 Earnings Call Highlights
• Positive Sentiment: The Air Force partnership is expanding, with committed spending nearing $37 million. Joby is also moving toward closing its acquisition of defense firm Resonant Sciences, which could broaden its defense work. Joby Gets Additional Funding From The Air Force
• Neutral Sentiment: Analyst moves were mixed: Canaccord upgraded JOBY to Buy but lowered its price target, while Needham retained a Buy rating and also cut its target. Canaccord analyst rating
• Negative Sentiment: Despite the revenue beat, Joby posted a net loss of about $212 million. Reports cite roughly $2.2 billion in cash and short-term investments, but continued heavy spending makes the pace of cash burn a key risk as certification and commercialization progress. Joby Aviation Stock Price Rises After Q3 Results Spotlight Cash Burn

Analysts Set New Price Targets

JOBY has been the topic of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research note on Monday, September 21st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Wall Street Zen cut Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. Finally, Morgan Stanley reduced their target price on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Joby Aviation has an average rating of “Reduce” and an average price target of $11.33.

Joby Aviation Company Profile

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.