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

Joby Aviation (NYSE:JOBY) posted its quarterly earnings data on Wednesday. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03, FiscalAI reports. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. The firm had revenue of $55.09 million during the quarter, compared to analysts’ expectations of $38.95 million. During the same quarter last year, the business posted ($0.48) EPS. The firm’s quarterly revenue was up 143.8% compared to the same quarter last year.

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 4.3%

Joby Aviation stock traded up $0.21 during trading on Wednesday, reaching $5.06. The company had a trading volume of 23,820,918 shares, compared to its average volume of 20,730,136. Joby Aviation has a 12-month low of $4.43 and a 12-month high of $17.10. The stock’s 50 day moving average price is $5.79 and its two-hundred day moving average price is $8.54. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of -5.11 and a beta of 2.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98.

Insider Activity at Joby Aviation

In related news, Director Paul Sciarra sold 62,500 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $6.09, for a total value of $380,625.00. Following the transaction, the director directly owned 55,640,557 shares of the company’s stock, valued at approximately $338,850,992.13. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bonny Simi sold 10,890 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $64,795.50. Following the completion of the transaction, the insider directly owned 241,923 shares in the company, valued at $1,439,441.85. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 over the last 90 days. 20.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JOBY. Barclays assumed coverage on shares of Joby Aviation in a report on Friday, October 9th. They issued an “underweight” rating and a $4.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Monday, October 12th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, September 21st. Susquehanna set a $18.00 price objective on Joby Aviation in a report on Thursday, August 6th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Joby Aviation currently has a consensus rating of “Reduce” and an average price target of $12.39.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby reported third-quarter revenue of $55.09 million, above analyst expectations of $38.95 million, and a loss per share of $0.22, narrower than the expected $0.25 loss. Coverage also noted the company raised its sales forecast. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The U.S. Air Force committed nearly $37 million to Joby’s autonomous-flight technology, with the contract ceiling raised to $50 million. The funding adds defense-related work and potential revenue alongside the air-taxi business. Joby expands Air Force contracts
• Positive Sentiment: Joby reportedly entered the FAA’s final certification stage, with “for credit” testing underway. This is a meaningful step toward commercial service, although certification is not yet complete. Joby reaches FAA final certification stage
• Positive Sentiment: The company completed initial flights in Texas and Florida, including piloted Florida flights under a federal pilot program, advancing flight demonstrations and integration planning. Joby begins piloted Florida flights
• Positive Sentiment: Joby’s acquisition of Resonant Sciences is intended to keep classified defense work separate from its commercial air-taxi effort, potentially broadening its defense business. Joby acquires Resonant Sciences
• Negative Sentiment: Despite the earnings beat, Joby remains loss-making. Its longer-term outlook depends on completing certification and funding the business through commercialization, risks highlighted in earnings coverage. Joby earnings and remaining hurdles
• Neutral Sentiment: A director sold 62,500 shares under a pre-arranged Rule 10b5-1 plan, a relatively small reduction compared with his remaining holding. Director share sale

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.