Joby Aviation (NYSE:JOBY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Joby Aviation (NYSE:JOBY) announced its 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. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The company had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. During the same period in the previous year, the firm earned ($0.41) EPS. The firm’s quarterly revenue was up 257493.3% on a year-over-year basis.

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 Price Performance

NYSE JOBY traded down $0.15 during trading hours on Wednesday, hitting $7.82. The company had a trading volume of 30,537,168 shares, compared to its average volume of 46,479,048. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of -6.80 and a beta of 2.73. Joby Aviation has a 52 week low of $6.63 and a 52 week high of $20.06. The firm has a 50 day simple moving average of $8.78 and a 200 day simple moving average of $9.65.

Key Joby Aviation News

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

• Positive Sentiment: Joby reported second-quarter revenue of $38.64 million, well above the $30.20 million analyst consensus, and raised its FY 2026 revenue outlook to $115 million-$125 million versus the $111.3 million consensus estimate. Joby Aviation Beats Q2 Revenue Estimates, Raises FY Guidance
• Positive Sentiment: The company expects its first flights under the U.S. eVTOL Integration Pilot Program in Texas in September, an important step toward commercial service and validating its operating model. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Joby partnered with Atoms to acquire and develop vertiport sites initially in Florida, New York and Texas. Building this infrastructure could support launch markets and improve the company’s readiness for commercial electric air-taxi operations. Atoms and Joby Aviation Form Strategic Partnership
• Neutral Sentiment: The revenue surge—up sharply year over year—comes from a very small prior-year base, so investors are likely focused more on aircraft certification, production and the timing of recurring commercial revenue than on the headline growth rate. The VTOL Infrastructure Race Is On
• Negative Sentiment: Joby posted a quarterly loss of $0.25 per share, missing the $0.23 consensus loss estimate. The company remains deeply unprofitable, and analysts expect a full-year loss of approximately $0.89 per share.
• Negative Sentiment: Despite the sales beat, investors remain concerned that regulatory certification and the commercial launch of Joby’s air-taxi service could take longer or cost more than expected. Those execution risks are keeping pressure on the stock, which remains below its 50-day and 200-day moving averages. Joby Stock Falls Despite a Sales Beat

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JOBY. Barclays raised shares of Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings raised Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Morgan Stanley decreased 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, Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $13.64.

Insider Activity

In other Joby Aviation news, insider Bonny W. Simi sold 7,832 shares of Joby Aviation stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $8.92, for a total transaction of $69,861.44. Following the completion of the sale, the insider directly owned 231,687 shares in the company, valued at $2,066,648.04. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Joeben Bevirt sold 15,788 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $8.92, for a total transaction of $140,828.96. Following the completion of the sale, the chief executive officer directly owned 239,671 shares of the company’s stock, valued at $2,137,865.32. This trade represents a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 1,050,736 shares of company stock valued at $11,423,677. 20.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. Man Group plc purchased a new stake in shares of Joby Aviation in the 3rd quarter worth about $40,283,000. Price T Rowe Associates Inc. MD grew its stake in shares of Joby Aviation by 80.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock worth $44,672,000 after acquiring an additional 1,512,094 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Joby Aviation during the fourth quarter valued at $17,952,000. Bank of America Corp DE increased its holdings in shares of Joby Aviation by 41.2% during the third quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after acquiring an additional 1,223,412 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Joby Aviation in the 2nd quarter worth about $12,471,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.