Joby Aviation (NYSE:JOBY) Issues Earnings Results

Joby Aviation (NYSE:JOBY) announced its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02), FiscalAI reports. The company had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.

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

JOBY traded down $0.15 during trading on Wednesday, reaching $7.82. The stock had a trading volume of 30,537,168 shares, compared to its average volume of 32,710,867. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of -6.80 and a beta of 2.73. The stock has a 50 day moving average of $8.86 and a two-hundred day moving average of $9.70. Joby Aviation has a 1-year low of $6.63 and a 1-year high of $20.06.

Analyst Upgrades and Downgrades

JOBY has been the topic of several research analyst reports. Canaccord Genuity Group reduced their price target on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings raised Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Morgan Stanley reduced their target price on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $13.64.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Bonny W. Simi sold 7,832 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was 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 approximately $2,066,648.04. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing 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, 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 sale, the insider directly owned 180,179 shares of the company’s stock, valued at $1,392,783.67. This trade represents a 7.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,050,736 shares of company stock valued at $11,423,677. Corporate insiders own 20.35% of the company’s stock.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after buying an additional 1,880 shares during the last quarter. DV Equities LLC acquired a new stake in Joby Aviation during the fourth quarter worth about $33,000. Ancora Advisors LLC acquired a new stake in shares of Joby Aviation during the 3rd quarter worth approximately $35,000. Strs Ohio bought a new stake in Joby Aviation in the 1st quarter valued at $37,000. Finally, Arax Advisory Partners increased its stake in Joby Aviation by 53.6% in the fourth quarter. Arax Advisory Partners now owns 4,267 shares of the company’s stock valued at $56,000 after acquiring an additional 1,489 shares during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby reported second-quarter revenue of $38.64 million, well above analysts’ $30.20 million estimate. The company also raised its fiscal 2026 revenue outlook to $115 million-$125 million, exceeding the $111.3 million consensus forecast. Joby Aviation Beats Q2 Revenue Estimates, Raises FY Guidance
• Positive Sentiment: The company said its first flights under the eVTOL Integration Pilot Program are expected in September in Texas, providing a potential near-term milestone toward commercial operations. Joby Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Joby formed a partnership with Atoms to acquire and develop vertiport locations in Florida, New York and Texas. Building the required landing and passenger infrastructure could improve the company’s readiness for initial U.S. service and strengthen its competitive position. Atoms and Joby Aviation Form Strategic Partnership
• Neutral Sentiment: Industry coverage highlighted an emerging race among eVTOL companies to secure vertiports and other infrastructure, making execution of Joby’s network strategy important as rivals compete for launch markets. The VTOL Infrastructure Race Is On
• Negative Sentiment: Joby posted an adjusted loss of $0.25 per share, missing the $0.23 consensus estimate. Its extremely negative net margin underscores that the business remains far from profitable. Joby Aviation Earnings Results
• Negative Sentiment: Despite the sales beat and higher guidance, investors remain concerned about regulatory certification and the timing of a scalable commercial service. Those execution risks outweighed the stronger revenue figures, leaving the stock under pressure. Joby Stock Falls Despite a Sales Beat

About Joby Aviation

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.