Brokers Offer Predictions for Joby Aviation Q2 Earnings

Joby Aviation, Inc. (NYSE:JOBY) – Equities researchers at HC Wainwright lowered their Q2 2026 earnings estimates for shares of Joby Aviation in a research note issued to investors on Wednesday, May 6th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of ($0.22) for the quarter, down from their previous forecast of ($0.20). HC Wainwright currently has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.84) per share. HC Wainwright also issued estimates for Joby Aviation’s Q3 2026 earnings at ($0.22) EPS, Q4 2026 earnings at ($0.23) EPS, FY2027 earnings at ($0.76) EPS, FY2028 earnings at ($0.61) EPS and FY2029 earnings at ($0.44) EPS.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 73.14%. The firm had revenue of $24.25 million for the quarter, compared to analysts’ expectations of $20.17 million. During the same quarter last year, the firm earned ($0.11) EPS.

Several other research firms have also recently commented on JOBY. Morgan Stanley dropped their target price on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research report on Wednesday. Weiss Ratings cut shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Finally, Canaccord Genuity Group dropped their target price 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. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $13.06.

Joby Aviation Stock Down 5.1%

Joby Aviation stock opened at $9.98 on Friday. Joby Aviation has a 52 week low of $6.42 and a 52 week high of $20.95. The company’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $12.20. The stock has a market cap of $9.77 billion, a P/E ratio of -8.68 and a beta of 2.61.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently modified their holdings of JOBY. Vanguard Group Inc. grew its stake in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after buying an additional 5,828,189 shares in the last quarter. Man Group plc purchased a new position in Joby Aviation in the 3rd quarter valued at approximately $40,283,000. Norges Bank purchased a new position in Joby Aviation in the 4th quarter valued at approximately $32,269,000. Clear Street Group Inc. purchased a new position in Joby Aviation in the 3rd quarter valued at approximately $36,264,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Joby Aviation by 80.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after buying an additional 1,512,094 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Activity at Joby Aviation

In other news, insider Gregory Bowles sold 4,720 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.76, for a total transaction of $41,347.20. Following the completion of the sale, the insider owned 178,470 shares in the company, valued at $1,563,397.20. This trade represents a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 27,698 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $8.20, for a total transaction of $227,123.60. Following the sale, the insider owned 750,852 shares of the company’s stock, valued at approximately $6,156,986.40. The trade was a 3.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,766,026 shares of company stock worth $17,301,065 over the last 90 days. Corporate insiders own 28.50% of the company’s stock.

Joby Aviation News Summary

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

• Positive Sentiment: Q1 beat and NYC flight milestone: Joby reported an EPS and revenue beat (EPS -$0.12 vs. -$0.21 est.; revenue ~$24.3M vs. ~$20.2M est.) and highlighted a high?profile NYC flight milestone that reinforced the 2026 commercial timeline — this helped drive the recent rally. Read More.
• Positive Sentiment: Certification/industrialization progress: Joby says it now has multiple FAA?conforming aircraft in production (nine reported), signaling a shift from prototype R&D to repeatable manufacturing — a key valuation catalyst if certification/commercial ops remain on track. Read More.
• Positive Sentiment: Strategic market tailwinds — Uber integration: Uber’s broader push to incorporate air taxis into its travel/bookings ecosystem could expand demand for eVTOL services and improve go?to?market distribution for Joby over time. Read More.
• Neutral Sentiment: Analyst targets vary: Independent models show upside (24/7 Wall St. target ~$12.43) but with only moderate confidence — analyst views are mixed and hinge on certification execution and cash?flow timing. Read More.
• Negative Sentiment: Analyst downgrade / price?target cut: Canaccord trimmed its price target to $11.50 and moved to a “hold”, signaling more caution on near?term upside and adding selling pressure relative to the bullish calls. Read More.
• Negative Sentiment: Valuation and cash?burn risk remain: Despite operational progress, Joby is still pre?commercial with negative margins, heavy cash burn and negative earnings metrics that leave valuation sensitive to delays or higher spend. Analysts and valuation pieces flag this as a primary downside risk. Read More.

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.