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

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

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 Trading Up 11.0%

JOBY stock traded up $0.58 during midday trading on Friday, hitting $5.88. The company had a trading volume of 25,154,175 shares, compared to its average volume of 30,193,641. The stock’s 50 day moving average price is $5.75 and its 200 day moving average price is $8.48. Joby Aviation has a 52 week low of $4.43 and a 52 week high of $17.10. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of -8.05 and a beta of 2.84.

Insiders Place Their Bets

In other news, insider Eric Allison sold 27,593 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total value of $140,448.37. Following the completion of the sale, the insider directly owned 745,120 shares of the company’s stock, valued at approximately $3,792,660.80. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 that occurred on Monday, November 2nd. The stock was sold at an average price of $4.97, for a total value of $310,625.00. Following the transaction, the director owned 55,578,057 shares in the company, valued at $276,222,943.29. This trade represents a 0.11% decrease in their position. 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. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 over the last quarter. 20.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JOBY shares. Cantor Fitzgerald restated a “neutral” rating on shares of Joby Aviation in a report on Monday, September 21st. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Monday, October 12th. Wall Street Zen cut Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Needham & Company LLC dropped their price target on shares of Joby Aviation from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $11.33.

Key Joby Aviation News

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

About Joby Aviation

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.