Joby Aviation (NYSE:JOBY) Announces Earnings Results

Joby Aviation (NYSE:JOBY) issued its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09, FiscalAI reports. The business had revenue of $24.25 million during the quarter, compared to the consensus estimate of $20.17 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share.

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

• Selected for the White House-backed EIPP program as part of 5 applications covering 11 states (including Texas, New York, Florida), with OTAs being finalized to enable operations this year ahead of FAA type certification.
• Completed high-profile demonstration flights with a FAA-conforming aircraft — including the first-ever eVTOL flight between an international airport (JFK) and a downtown heliport — operating in Class B airspace and showing charging capability in real urban environments.
• Accelerating manufacturing scale-up with parts for nine conforming aircraft in production, a third shift added for composites, 2.5x composite output year-over-year, and an active Toyota partnership to embed the Toyota Production System for quality and efficiency.
• Certification progress: Joby completed the FAA SR3 audit and is in the final (5th) stage of type certification, with next steps focused on completing conforming test articles and parallel Joby/FAA pilot testing and simulator training.
• Financials show a strong balance sheet (~$2.5 billion in cash and short-term investments after $1.3 billion of net proceeds), but continued cash burn (Q1 GAAP net loss $110M; adjusted EBITDA loss $179M) while spending to fund certification, manufacturing ramp and commercial launch.

Joby Aviation Trading Down 1.9%

NYSE:JOBY traded down $0.17 during trading hours on Tuesday, reaching $8.69. 30,447,843 shares of the company traded hands, compared to its average volume of 25,451,378. The business’s 50-day moving average price is $9.15 and its two-hundred day moving average price is $12.28. The stock has a market capitalization of $8.51 billion, a P/E ratio of -7.63 and a beta of 2.61. Joby Aviation has a 1 year low of $6.18 and a 1 year high of $20.95.

Insider Buying and Selling at Joby Aviation

In other news, CEO Joeben Bevirt sold 507,182 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the completion of the transaction, the chief executive officer owned 31,997,802 shares in the company, valued at $339,816,657.24. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kate Dehoff sold 16,235 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $9.91, for a total value of $160,888.85. Following the completion of the transaction, the insider owned 149,369 shares of the company’s stock, valued at $1,480,246.79. This represents a 9.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,766,026 shares of company stock worth $17,301,065. 32.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. increased its position in Joby Aviation by 546.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 7,760 shares of the company’s stock valued at $125,000 after acquiring an additional 6,560 shares during the last quarter. Parallel Advisors LLC increased its position in Joby Aviation by 23.3% during the third quarter. Parallel Advisors LLC now owns 6,845 shares of the company’s stock valued at $110,000 after acquiring an additional 1,295 shares during the last quarter. National Bank of Canada FI increased its position in Joby Aviation by 48.9% during the third quarter. National Bank of Canada FI now owns 6,708 shares of the company’s stock valued at $108,000 after acquiring an additional 2,202 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Joby Aviation during the third quarter valued at $75,000. Finally, Strive Financial Group LLC purchased a new stake in Joby Aviation during the fourth quarter valued at $72,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JOBY. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Tuesday, April 28th. Wall Street Zen lowered Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Oppenheimer set a $18.00 price target on Joby Aviation in a research report on Thursday, February 26th. Finally, HC Wainwright restated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $13.81.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Q1 beats on revenue and EPS — Joby reported quarterly revenue above consensus and an EPS beat (reported EPS roughly in line to slightly better than estimates), signaling operational traction ahead of commercial launch. This helped support investor optimism about demand for its eVTOL service. Joby Reports First Quarter 2026 Financial Results
• Positive Sentiment: Narrowed operating loss and continued milestones — Coverage notes the company narrowed its quarterly cash/operating loss (reported ~$86M) and highlighted operational milestones such as the Electric Skies Tour kickoff and high?visibility demonstration flights that keep progress toward commercial service visible to investors. Joby Aviation narrows loss to $86M
• Positive Sentiment: Partnerships and testing activity — Joby announced partnerships (including AI airspace-integration testing) and continued international market work (Dubai), which support the company’s path to regulatory integration and commercial routes. Joby partners with AI firm
• Neutral Sentiment: FY?2026 revenue guidance provided — Joby set FY?2026 revenue guidance of $105M–$115M versus a consensus of ~$111.4M; EPS guidance was not provided in the update. The revenue range is close to consensus but not clearly above, leaving mixed signals for near?term growth expectations.
• Neutral Sentiment: Investor call / shareholder letter — Management issued the Q1 shareholder letter and hosted a webcast that reiterated timing toward commercial launch; these communications give investors more detail but did not materially change the investment thesis. Joby Reports First Quarter 2026 Financial Results
• Negative Sentiment: Higher spending widens net loss and cash?burn concerns — Multiple reports highlight that R&D and ramp costs drove a deeper GAAP/net loss and underscore investor worry about the pace of cash burn ahead of sustained commercial revenue. Joby tops revenue estimates while spending drives deeper net loss
• Negative Sentiment: Valuation/cash runway scrutiny and long?term profitability questions — Analysts and commentators warn that the stock is priced on a large future TAM and commercial execution; concerns around pricing, margins and cash runway have pressured sentiment. Joby Stock Drops 35% As Cash Burn Concerns Take Over The $1 Trillion Opportunity Behind Joby Aviation
• Negative Sentiment: Mixed underlying metrics in some reports — Some outlets note Q1 per?share losses were steady or larger year?over?year, reflecting that headline revenue beats coexist with persistent unit losses. Zacks: Joby Reports Q1 Loss, Beats Revenue Estimates

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.