Joby Aviation ve 2. čtvrtletí vykázala ztrátu 25 centů na akcii, ale tržby 38,6 milionu USD překonaly odhady. Firma zároveň zvýšila celoroční výhled tržeb na 115 až 125 milionů USD.
A month has gone by since the last earnings report for Joby Aviation, Inc. (JOBY - Free Report) . Shares have lost about 16.5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Joby Aviation, Inc. due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Joby Aviation, Inc. before we dive into how investors and analysts have reacted as of late.
JOBY Incurs Loss in Q2Joby Aviation reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents per share. In the year-ago quarter, JOBY reported a loss of 41 cents per share.
Quarterly revenues came in at $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues were up from $15,000 in the prior-year period, with Blade contributing $36.2 million in the reported quarter amid seasonal demand and strong passenger activity.
In the June-end quarter, total operating expenses increased 78.4% year over year to $299.52 million. Research and development expenses rose 42.7% to $194.66 million, while selling, general and administrative expenses climbed 143.2% to $76.56 million as Joby invested in certification, manufacturing and commercial readiness and supported the growth of Blade.
Adjusted EBITDA in the second quarter of 2026 was a loss of approximately $197 million, compared with a loss of approximately $179 million in the first quarter. Management attributed the sequential change to the quarter's revenue and expense dynamics.
JOBY exited the second quarter with cash and cash equivalents of $629.86 million and total cash, cash equivalents and short-term investments of $2.26 billion. Long-term debt was $701.87 million at June 30, 2026.
JOBY's GuidanceThe company raised its full-year 2026 revenue outlook to a range of $115 million to $125 million from $105 million to $115 million, citing Blade's continued strength. For the second half of 2026, Joby expects to use between $385 million and $415 million of cash, cash equivalents and short-term investments.
On the operating front, Joby expects its first flights under the White House-backed eIPP program in Texas in September and continues to target carrying its first passengers in 2026. The company said five aircraft are flying and another 12 are in production, while it recorded its strongest quarterly progress yet in the fifth and final stage of FAA type certification.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -13.04% due to these changes.
VGM ScoresCurrently, Joby Aviation, Inc. has a poor Growth Score of F, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Joby Aviation, Inc. has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Joby Aviation kupuje Resonant Sciences za přibližně 500 milionů USD, přičemž hotovostní část činí 450 milionů USD a 50 milionů USD v akciích. Akvizice má téměř zdvojnásobit jeho výnosy.
Shares of Joby Aviation (JOBY +0.73%) trade below $7 as of this writing, near their 52-week low, having lost about two-thirds of their value from a 52-week high of nearly $20. Investors, it seems, may be tired of waiting for electric air taxis to turn into meaningful revenue.
The company, meanwhile, isn't waiting. On Aug. 11, Joby announced an agreement to acquire Resonant Sciences, a defense technology company, for about $500 million -- about $450 million in cash plus $50 million in stock. It's a purchase big enough to roughly double Joby's revenue base.
Half a billion dollars is serious money for a company that still spends far more than it takes in. Here's a closer look at what the deal costs -- and what shareholders get.
Image source: Joby Aviation.
Fast growth in defenseResonant, based in Dayton, Ohio, builds radio frequency (RF) and mission systems for U.S. national security customers. It also specializes in low-observability technology. In simpler terms, its systems help military aircraft sense their surroundings and avoid detection.
Not only did Resonant generate more than $100 million of revenue over its trailing twelve months, up about 40% year over year, but the business also produces positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). And demand is accelerating. In the first half of 2026, Resonant booked more than three times as much new business as it did a year earlier, and its backlog more than doubled year over year.
Joby's own outlook, raised in August, calls for full-year 2026 revenue of $115 million to $125 million. Resonant's trailing-twelve-month revenue, in other words, is nearly as large as everything Joby expects to book this year.
However, the deal isn't expected to close until the first half of 2027, subject to regulatory reviews. None of Resonant's results are in Joby's numbers yet.
Can Joby afford it?Joby can afford the deal, I think, at least on today's balance sheet.
Joby's cash and short-term investments stood at about $2.3 billion at the end of June. Management expects to use between $385 million and $415 million of it in the second half of 2026 alone. The $450 million going to Resonant works out to about a fifth of the war chest.
In February, Joby raised about $576 million in net proceeds from a stock offering and another $670 million from an offering of convertible notes. The company, in other words, is spending cash investors handed it months ago, not cash the business generated.
Between the guided second-half cash use and the Resonant payment, about $850 million of the June 30 balance is already spoken for. The $50 million of stock barely registers, adding less than 1% to the share count. However, on the same day it announced the deal, Joby also put a program in place to sell up to $750 million in new stock over time.
Joby stock is still an air taxi betAlmost none of Joby's revenue today comes from electric air taxis.
Of the $38.6 million the company reported for the second quarter, $36.2 million came from passenger flights booked through Blade (the passenger business Joby acquired in August 2025). Blade's demand peaks in the summer, and the second quarter's $38.6 million was up from about $24 million in the first. And the full-year outlook implies a second half no bigger than the first, not an acceleration.
But the air taxi business itself isn't generating revenue yet. Joby said in its August update that it made its strongest quarterly progress yet in the fifth and final stage of FAA type certification. The company is still targeting its first passenger flights before the end of 2026, with the first flights under a federal pilot program expected in Texas this month.
The price of the deal also looks reasonable next to Joby's own valuation. At a market capitalization of about $6.7 billion, Joby trades at more than 50 times the midpoint of its 2026 revenue outlook. Resonant, by comparison, is being bought for less than 5 times its trailing sales -- a modest price, I'd argue, for a business growing about 40%.
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Investors, in short, aren't paying for the revenue Joby has today. They're paying for the air taxi business it hopes to build.
Ultimately, the acquisition strikes me as a sensible use of Joby's cash. It buys a business that could keep growing whether or not air taxis arrive on schedule. But the deal doesn't change what this growth stock is: a bet that electric air taxis become a big business before the cash runs low.
Of course, the certification work isn't finished, and the first paying passengers haven't flown. I would avoid buying shares here. If those passengers arrive on schedule and spending starts to fall, I would consider changing my mind.
Joby Aviation spaluje přes 200 milionů USD za čtvrtletí, ale jeho likvidita má podle firmy vystačit na dva až tři roky. To by mělo pokrýt certifikaci FAA i spuštění prvních komerčních letů.
Joby Aviation (JOBY +1.77%), a developer of electric vertical take-off and landing (eVTOL) aircraft, is a divisive stock. The bulls expect its revenue to soar after the Federal Aviation Administration (FAA) fully certifies its first commercial flights. Still, the bears warn that its stock is overvalued, its share count is soaring, and that it's burning too much cash.
But is Joby actually in danger of running out of cash before it launches its first commercial flights? Let's see how much cash it's burning through, and if it needs to rein in its spending.
Image source: Getty Images.
To figure out how much cash Joby is burning through each quarter, we should add its net cash used in operating activities to its total capex to calculate its free cash flow (FCF) outflow. That figure has gradually risen above $200 million over the past year. However, its total liquidity -- which includes its cash, cash equivalents, and short-term investments -- more than doubled.
Period
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
FCF Outflow
($118.7 million)
($153.2 million)
($167.0 million)
($222.4 million)
($201.8 million)
Total Liquidity
$991 million
$978 million
$1.41 billion
$2.47 billion
$2.30 billion
Data source: Joby Aviation.
Joby's cash burn increased as it accelerated its flight testing, manufacturing setup, and FAA certification activities. To offset that pressure, it raised more cash with a $576 million stock offering in the fourth quarter of 2025, followed by another $600 million stock offering and $690 million convertible debt offering in the first quarter of 2026.
As a result, Joby's share count rose 13% over the past 12 months. It's also increased its share count by 63% over the past five years, and that dilution will likely worsen as it burns more cash. Its total liabilities also surged 156% year over year to $985 million in its latest quarter.
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On the bright side, Joby expects its cash runway to last for the next two to three years. That should give it enough time to obtain a full FAA certification for its S4 eVTOLs -- which it expects by the end of 2026 -- and to launch its first commercial flights.
Should investors be worried about Joby's cash? For now, investors shouldn't fret too much about Joby's cash usage. It's still firmly backed by Toyota, Delta, and Uber, and it's ahead of its closest peer -- Archer Aviation -- in the FAA certification process. They should only worry if Joby doesn't launch its first commercial flights before its cash runs out.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines and Uber Technologies. The Motley Fool has a disclosure policy.
Joby Aviation je blíž finální certifikaci FAA než Archer Aviation, ale vítěz v závodě o air taxi zatím není jasný. Firma má asi 2,3 mld. USD hotovosti a ve 2. čtvrtletí 2026 výnosy téměř 39 mil. USD.
Can we declare a winner in the air taxi race yet? In a competition led by innovators Archer Aviation (ACHR -3.04%) and Joby Aviation (JOBY -2.38%), there isn't a clear champion yet, but Joby appears to have the lead. It pulled ahead of Archer in reaching the final stage of Federal Aviation Administration (FAA) certification, but both companies still have plans to begin U.S. operations under a federal pilot program this year.
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Shares of Joby have plummeted nearly 50% over the past year. The company has made progress in increasing revenue while it continues to pursue a viable commercial air taxi business. Of the company's nearly $39 million in revenue in the second quarter of 2026, roughly $36 million came entirely from its subsidiary, Blade. Joby also recently announced it'll acquire the defense-tech firm Resonant Sciences in a move that'll substantially boost revenue.
The company has an enviable cash position of approximately $2.3 billion. That's an important runway for a business with high cash burn and a core product that hasn't officially launched.
Image source: The Motley Fool.
Full certification from the FAA will give Joby the biggest lift and reduce the execution risk for investors. From there, it'll still be years before commercial air taxis hit the mainstream, but if anyone is going to do it, there's a solid chance it's going to be Joby Aviation. With its partnership with Uber Technologies and plans to launch among Dubai's ultra-wealthy, Joby is the frontrunner.
Naming a winner in this race is premature. Investors should continue to monitor Joby's progress with regulators. Both Joby and Archer still need to prove they can mass-produce their aircraft and turn a profit. The stakes are sky-high, but so is the potential upside if air taxis become a widespread mode of transportation.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Joby Aviation kupuje společnost z oblasti obranných technologií Resonant Sciences za 500 milionů USD, aby rozšířila své podnikání do obrany. Resonant má za posledních 12 měsíců tržby přes 100 milionů USD a meziročně vzrostly o 40 %.
Joby Aviation (JOBY -2.91%) is moving deeper into the defense sector. The electric air taxi maker announced plans to acquire defense-tech company Resonant Sciences for $500 million.
The news caused a short-term drop in the stock as investors weighed the cost against the longer-term opportunity. Ultimately, this move is good for investors, as Joby diversifies its offerings and enters a more lucrative, profitable space.
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The deal gives Joby an established presence and credibility within the defense sector. Resonant generated more than $100 million in revenue in the past 12 months. Its 40% year-over-year revenue growth is substantial for Joby, which has already used acquisitions to generate revenue.
Last year, Joby acquired Blade for $125 million. Blade accounts for more than 90% of Joby's current revenue.
The deal also allows Resonant to become Joby's dedicated defense business, and Joby will remain focused on its commercial air taxi pursuits. The integration of the two companies' technologies will also boost capabilities, particularly within autonomous defense systems, which is expected to be a highly lucrative market. Air taxis face intense regulatory scrutiny and hurdles, with mass adoption likely still years away.
Image source: The Motley Fool.
Joby's move into defense is expensive in the immediate term, but, more importantly, it diversifies its revenue. The $500 million deal, which is structured as $450 million in cash and $50 million in common stock, will be well worth it as Resonant continues to sign new contracts. The short-term drop in stock price looks more like an opportunity than a warning.
I'm bullish on this acquisition. Joby's stock has fallen more than 50% in the past 12 months and is quite volatile. Investors should anticipate that volatility will remain as the air taxi industry is still in its nascent stage. This moment presents an intriguing time to get in on the future of aviation.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Joby Aviation koupí obrannou technologickou firmu Resonant Sciences za asi 500 milionů USD, čímž posílí a diverzifikuje své podnikání. Resonant loni na bázi tržeb za posledních 12 měsíců utržila přes 100 milionů USD.
Joby Aviation (JOBY -4.43%) has spent the better part of its life trying to make electric vertical takeoff and landing (eVTOL) aircraft into a real, sustainable business. Now, oddly enough, one of its biggest developments of the year has almost nothing to do with eVTOLs -- at least, not yet.
On Aug. 11, Joby announced that it will acquire defense technology company Resonant Sciences for about $500 million, including about $450 million in cash and $50 million in Joby stock. Resonant, which generated more than $100 million in trailing-12-month revenue, will eventually become Joby’s dedicated defense business. That means the Joby team can continue working on its air taxi service, while the Resonant team works on defense technology, with plenty of potential for cross-pollination between the two sides.
The deal makes Joby a much stronger, more diversified business. But whether it makes Joby a stronger stock is a more complicated question. Let’s take a closer look.
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Resonant makes Joby a stronger business, but not a safer stock.Joby Aviation, as I alluded to above, has been trying to build an electric air taxi company. It is indeed widely considered the frontrunner in the nascent eVTOL industry, due in large part to its lead in flight testing and its progress through the FAA’s type certification process.
Joby used about $318 million in operating cash over the first six months of 2026, while reporting about $63 million over the same period. Much of that revenue comes from Blade Air Mobility, which it acquired in 2025. The company still had a hefty liquidity cushion, about $2.3 billion at the end of June, but it badly needs its revenue base to grow if it wants to avoid further shareholder dilution down the road.
Image source: The Motley Fool.
In this context, the acquisition of Resonant is an A-. It’s an “A,” because it gives Joby a revenue stream tied to a fast-growing business. Resonant has grown its trailing-12-month revenue by roughly 40% year over year, generates positive adjusted EBITDA, and has an established customer base that includes the U.S. government.
It’s an “A-,” and not an “A+,” however, because it’s dedicating a sizable chunk of its liquidity to the acquisition. Paying $450 million in cash would reduce Joby’s total liquidity to about $1.85 billion, all else equal. Still sizable, but it shaves about eight to nine months from Joby’s cash runway, assuming, of course, its recent burn rate stays consistent.
It’s not, however, a bad deal. In fact, I would call it a smart move. Historically, military demand has often subsidized (and accelerated) aviation technologies that later have civilian applications, and Resonant’s defense business could fit into that pattern. Indeed, Morgan Stanley’s (MS -0.12%) eVTOL report, which predicted the global urban air mobility to $9 trillion by 2050, once named “national security” as one of the five main accelerants for urban air.
Does this make Joby a screaming buy? I don’t think the acquisition makes Joby a screaming buy. Joby, which carries a roughly $8 billion market cap, is still being valued primarily on its commercial air taxi services, which, mind you, haven't yet received FAA type certification. Although the expansion into defense adds revenue Joby didn’t have yesterday, it also adds another layer of risk to the whole enterprise, if only because eight to nine months of cash cushion will go toward it.
After the acquisition, I like Joby stock a little more, but my position hasn’t fundamentally changed: the stock is still, I think, a high-risk, high-reward play on an industry that doesn’t yet exist. Aggressive investors might be interested, but I’d keep my position small until that FAA type certification for its eVTOL is in hand.
Joby Aviation plánuje v Texasu v září 2026 testovací lety eVTOL, zatímco letos cílí na první pasažéry. Ke konci druhého čtvrtletí byla společnost zhruba ze 75 % hotová se čtvrtou fází certifikace FAA.
Key Takeaways Joby Aviation expects eIPP flights in Texas in September 2026 as it targets first passengers this year. JOBY was about 75% complete in FAA certification's fourth stage at the end of the second quarter. Joby Aviation had five air taxis flying and 12 more in production as of the second quarter of 2026. Joby Aviation, Inc. (JOBY - Free Report) expects to begin eVTOL Integration Pilot Program, or eIPP, flights in Texas in September 2026. The event could become an important test of operational readiness as the company works toward carrying its first passengers this year.
The flights matter because they arrive while Joby is still advancing through Federal Aviation Administration certification. A successful program would mark progress, not the end of the regulatory or commercial work.
Joby’s Texas Flights Put Certification to the TestJoby plans to fly routes across the Dallas-Fort Worth area over the course of a week. The company says the program is intended to demonstrate the value and operational maturity of its aircraft in coordination with federal, state and local authorities.
Under the eIPP framework, flights are expected to progress from pilot-only operations to nonpaying passengers and eventually paying passengers. Joby continues to target carrying its first passengers in 2026.
JOBY Is Advancing Through FAA CertificationJoby has completed or substantially completed three of five FAA type-certification stages and was approximately 75% complete in the fourth stage at the end of the second quarter. It also reported continued progress through the fifth and final stage.
Certification remains central because Joby says type certification is required for widespread commercial operations in the United States. The eIPP offers a parallel route for initial market activity, but it does not eliminate the need to complete the broader approval process.
Joby’s Production Footprint Is Taking ShapeManufacturing activity is moving beyond a single test aircraft. Five Joby air taxis were flying as of the second quarter of 2026, including its first FAA-conforming aircraft, and another 12 aircraft were in production.
Joby also said it reduced the nonconformance rate in its manufacturing processes by nearly 40% during the first half of 2026. That progress matters as the company shifts from research builds toward low-rate production.
JOBY’s Partnerships Could Support Launch ExecutionToyota Motor Corporation (TM - Free Report) and Joby established a manufacturing joint venture in June 2026 to prepare for commercial production and improve productivity, quality and cost. Toyota holds 51% of the venture and Joby 49%, giving the air-taxi maker access to Toyota’s production expertise.
Uber Technologies, Inc. (UBER - Free Report) is another commercialization partner. Uber has introduced plans for Uber Air powered by Joby, which would allow eligible riders to book Joby flights through the Uber app when service becomes available.
Joby Still Faces Adoption and Battery RisksSuccessful Texas flights would not remove the harder scaling questions. Joby still needs sufficient infrastructure, regulatory approvals and customer demand as it moves from demonstrations toward recurring passenger operations.
Battery limitations are another consideration because the company identifies perceptions of range on a single charge as a factor that could affect adoption. Safety, convenience, price and competing transportation options will also influence demand.
JOBY’s Mixed Signals Keep Expectations in CheckThe Texas program could show that Joby can translate aircraft development into real-world operations. Investors still need evidence that certification progress, manufacturing capacity and early passenger activity can support a durable commercial model.
JOBY currently carries a Zacks Rank #3 (Hold), along with a Value Score of F, Growth Score of F, Momentum Score of F and VGM Score of F. Those weak Style Scores temper the operational milestone and favor measured expectations while execution remains the main test. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
JOBY ve 2. čtvrtletí zvýšil tržby na 38,6 mil. USD, nad odhady, a ztrátu na akcii na 25 centů. Firma zároveň zvedla celoroční výhled tržeb na 115–125 mil. USD.
Key Takeaways JOBY posted Q2 revenues of $38.6M, beating estimates, while its loss widened to 25 cents a share. Blade contributed $36.2M in Q2, helping Joby Aviation raise its 2026 revenue outlook to $115M-$125M. Joby Aviation targets first eIPP flights in Texas in September and its first passengers later in 2026. Joby Aviation, Inc. (JOBY - Free Report) reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents. In the year-ago quarter, JOBY reported a loss of 41 cents.
However, the results had a positive impact on the market, as the stock gained 5.5% since its earnings release on Aug. 5.
Quarterly revenues were $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues increased from $15,000 in the prior-year period, with Blade contributing $36.2 million in the reported quarter amid seasonal demand and strong passenger activity.
In the June-end quarter, total operating expenses increased 78.4% year over year to $299.52 million. Research and development expenses rose 42.7% to $194.66 million, while selling, general and administrative expenses climbed 143.2% to $76.56 million as Joby invested in certification, manufacturing and commercial readiness and supported Blade’s growth.
Adjusted EBITDA in second-quarter 2026 was a loss of approximately $197 million compared with a loss of about $179 million in the first quarter. Management attributed the sequential change to the quarter's revenues and expense dynamics.
JOBY exited the second quarter with cash and cash equivalents of $629.86 million and total cash, cash equivalents and short-term investments of $2.26 billion. As of June 30, 2026, long-term debt totaled $701.87 million.
JOBY's GuidanceThe company raised its full-year 2026 revenue outlook to $115-$125 million from $105-$115 million, citing Blade's continued strength. For the second half of 2026, Joby expects to use between $385 million and $415 million of cash, cash equivalents and short-term investments.
On the operating front, Joby expects its first flights under the White House-backed eIPP program in Texas in September and aims to carry its first passengers in 2026. The company said five aircraft are flying and another 12 are in production, while it recorded its strongest quarterly progress yet in the fifth and final stage of FAA type certification.
Currently, JOBY has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q2 Performances of Other Transportation CompaniesWestinghouse Air Brake Technologies (WAB - Free Report) , operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year.
Quarterly adjusted earnings of $2.76 per share beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion.
Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%.
United Airlines Holdings, Inc. (UAL - Free Report) reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.
Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs.
Joby Aviation ve 2. čtvrtletí překonala odhady výnosů, když vykázala 38,64 mil. USD, a zvýšila celoroční výhled výnosů na 115–125 mil. USD. Ztráta na akcii činila 25 centů.
JOBY stock is moving. Watch the price action here. Joby Q2 Details Joby reported quarterly losses of 25 cents per share, which missed the consensus estimate for losses of 23 cents, according to Benzinga Pro data.
Quarterly revenue clocked in at $38.64 million, which beat the analyst consensus estimate of $30.38 million by 27.18% and was up from revenue of only $15,000 in the same period last year.
“With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time back and fundamentally changing the way we move,” said JoeBen Bevirt, founder and CEO.
Looking AheadJoby raised its full year 2026 total revenue outlook to a range of $115 million to $125 million, versus the $114.93 million analyst estimate.
JOBY Stock Price Activity: According to data from Benzinga Pro, Joby stock was down 0.51% to $7.76 in Wednesday’s extended trading.
Photo courtesy of Joby Aviation, Inc.
Market News and Data brought to you by Benzinga APIs
Joby Aviation čeká na výsledky za 2. čtvrtletí po uzavření trhu 5. srpna 2026 a trh sleduje hlavně postup certifikace FAA. Bez konkrétního posunu může akcie po oznámení znovu prudce oslabit.
Joby Aviation (JOBY +3.22%) is slated to report second-quarter earnings after the bell on Aug. 5, 2026. And, boy oh boy, is the timing tense.
So far in 2026, Joby stock has plummeted about 50%. Investors, while mostly bullish on electric vertical takeoff and landing (eVTOL) stocks in 2025, have seemingly lost interest.
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Part of that is because Joby’s fundamental challenge hasn’t changed: It still needs FAA type certification before it can scale its eVTOL business. The financial consequence of that delayed commercialization will probably show up again in its second-quarter results, with Wall Street expecting a loss of roughly $0.21 per share.
Anyone who has invested in Joby is probably aware of the company’s cash-burning problems. What could send the stock plummeting after the bell on Aug. 5, however, would be related to FAA type certification progress, or lack thereof.
If Joby’s progress appears stalled -- or its pace appears decelerated -- the money-losing eVTOL start-up could be in for a difficult second-half of 2026.
Image source: The Motley Fool.
Joby cannot afford a vague certification update. Joby is flying into its second-quarter earnings with a market cap of about $7 billion despite lacking an FAA-certified eVTOL and generating little revenue from its core business.
Announcement-wise, Joby’s second quarter has seemed pretty solid. In late April, Joby flew an eVTOL from JFK airport to heliports in Manhattan in under 10 minutes, completing the first-ever point-to-point eVTOL flight in the Big Apple. In June, Joby and its long-term manufacturing partner, Toyota, (TM -1.49%) announced a formal joint effort called the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), aimed at scaling production of Joby’s S4 electric taxis.
Finally, in July, Joby finalized a definitive agreement with Virgin Atlantic to bring Joby’s air-taxi services to the United Kingdom. Under the agreement, Virgin Atlantic users will be able to book Joby air taxis through the airline’s mobile app and website, adding another big name to Joby’s commercial partnership list, which includes Delta (DAL +4.75%) and Uber (UBER +1.78%).
This has all been great. But none of it answers the question that matters most for its valuation right now: When will Joby break the regulatory dam holding back its highly anticipated commercial launch? Is the company moving quickly enough through the FAA type certification process, and, if so, when should investors expect eVTOL commercialization?
Anything short of specific, concrete language around FAA testing -- not vague, evasive wording -- could be read as a disappointment, especially since none of the company’s biggest second-quarter announcements moved the needle on Joby stock.
It’s worth noting that Joby reported an earnings beat in Q1 that led to a roughly 21% one-day surge. Shares of Joby were trading at roughly $10.50 the day after reporting first-quarter earnings on May 5, and that winning streak continued until they rose north of $12 at the end of May, after which shares began to slide. The stock currently trades at about $7.50.
Given what investors know going into second-quarter earnings, a meaningful certification or commercialization milestone would be the reason for a surge on the same level as last quarter’s. Without one, however, Joby’s second-quarter report could send the stock into another tailspin.
Joby Aviation má za čtvrtletí vykázat ztrátu 0,21 USD na akcii při tržbách 28,97 mil. USD. Analytici navíc snížili odhad EPS o 1,19 % za posledních 30 dní a Earnings ESP je -12,57 %.
Joby Aviation, Inc. (JOBY - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of +12.5%.
Revenues are expected to be $28.97 million, up 289600% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.19% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Joby Aviation, Inc.?For Joby Aviation, Inc., the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -12.57%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Joby Aviation, Inc. will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Joby Aviation, Inc. would post a loss of$0.21 per share when it actually produced a loss of -$0.21, delivering no surprise.
The company has not been able to beat consensus EPS estimates in any of the last four quarters.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Joby Aviation, Inc. doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Joby Aviation zahájila lety s prvním výrobním eVTOL schváleným FAA, což je důležitý krok k certifikaci pro komerční provoz. Firma už má přes 50 000 mil testovacích letů a cílí na spuštění služby ještě letos.
The biggest question surrounding Joby Aviation (JOBY 1.12%) has never been whether electric air taxis can fly. It's whether regulators would approve them.
That question became a little easier to answer after Joby began flying its first FAA-conforming production eVTOL aircraft, a major step toward obtaining Type Inspection Authorization (TIA). If you're unfamiliar, TIA is one of the final stages before full FAA certification for commercial operations.
The company has now logged more than 50,000 miles of test flights, and management continues targeting commercial service this year. A lofty goal, to be sure. But does it make the stock a buy?
The regulatory risk is falling For years, FAA certification has been the single largest overhang on the stock.
With production-conforming aircraft now flying, Joby has moved beyond testing prototypes and into validating the aircraft that regulators will ultimately certify for passenger service. That's a much different stage of development than we were looking at just a year ago.
Joby was also recently selected to participate in the White House-backed Air Taxi Pilot Program, which will allow early operations across multiple U.S. states. This is while the company is now preparing to launch service in Dubai, where vertiports are already under construction. Those are significant milestones.
Valuation still demands perfection The fact is, the stock already reflects considerable optimism. Joby currently carries a market capitalization of roughly $8.5 billion despite generating very little revenue today. However, that's not unusual for an emerging aerospace company.
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But concerns regarding execution remain. Launching an entirely new form of transportation requires FAA certification, manufacturing scale, charging infrastructure, pilot training, customer adoption, and favorable economics -- all at the same time.
So even after certification, profitability could still be years away.
A lot has to go right Certification is only one milestone. Joby plans to produce four aircraft per month by 2027, but scaling manufacturing while maintaining safety standards is one of the hardest challenges in aerospace. At the same time, the company must prove that customers are willing to pay enough to support a profitable business model. And we just don't know how that will play out yet.
Image source: Getty Images.
Not a low-risk investment Joby has unquestionably reduced one of the biggest risks facing its business. That's an important development, and it makes the path toward commercialization considerably clearer than it was a year ago.
Still, I wouldn't call the stock an obvious buy. The market is already assigning an $8.5 billion valuation to a company that has yet to establish a commercial air taxi business. That leaves relatively little room for execution mistakes.
If Joby delivers on certification, launches service on schedule, and proves demand exists, today's valuation could eventually look reasonable. But until those pieces fall into place, I'd view the stock as an intriguing technology story with loads of potential but not a low-risk investment.
Joby Aviation a Toyota Motor Corporation spouštějí první fázi strategické výrobní aliance a zakládají společný podnik pro rozvoj komerční výroby eVTOL. Cílem je zvýšit produktivitu, kvalitu a snížit náklady.
To build up commercial production capability, advance manufacturing excellence, and prepare for scale-up of electric air taxi production
, /PRNewswire/ -- Joby Aviation, Inc. (NYSE: JOBY) and Toyota Motor Corporation today announced the initial phase of their strategic manufacturing alliance by establishing the Joint Venture to realize air mobility. This will combine Joby's pioneering work in electric aviation with Toyota's globally recognized expertise in production systems and operational excellence.
Joby Aviation and Toyota Motor Corporation Launch Initial Phase of a Strategic Manufacturing Alliance to Realize Air Mobility for All The Strategic Alliance will initially focus on establishing the groundwork for commercial production, and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost. Going forward, it will also support the expansion of Joby's production capacity to support aircraft certification and meet anticipated growth in demand for its electric vertical take-off and landing (eVTOL) aircraft.
"Toyota has been by Joby's side for nearly a decade, providing invaluable guidance and support as we built the foundation for manufacturing our aircraft," said JoeBen Bevirt, founder and CEO of Joby Aviation. "Today's announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality, and we look forward to delivering on that promise together."
Akio Toyoda, Chairman of Toyota Motor Corporation, commented: "Since our founding, we've been guided by the philosophy of providing mobility for all. Over time, we've continued to expand what mobility can mean. We see air mobility as a natural extension of that philosophy—from the ground into the sky—and as a way to bring new value to people's lives and to society. It's really meaningful for us to take on this challenge together with Joby, a partner that shares the same vision. We believe this strengthened relationship is an important step forward in realizing the future mobility society."
Going forward, both companies will continue to work closely together through this Joint Venture, leveraging their respective strengths to bring air mobility to society on a broader scale.
About Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of over 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the goals and expected benefits of the strategic manufacturing alliance. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to the ability of the parties to negotiate and execute the additional agreements related to the strategic manufacturing alliance on acceptable terms or at all, delays in regulatory certifications and timelines, changes in market conditions, and other risks described in Joby's filings with the Securities and Exchange Commission. The companies undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by applicable law.
MEDIA CONTACTS
Joby Aviation
Investors:
[email protected]
Media:
[email protected]
Joby Aviation zvýšila tržby ve 4. čtvrtletí 2025 na 30,84 milionu USD a pro rok 2026 očekává 105 až 115 milionů USD. Akcie jsou ale stále pod tlakem kvůli ztrátovosti a vysokému ocenění.
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) is graduating from a flight-test story to a revenue story. The Blade acquisition pushed Q4 2025 revenue to $30.84 million, management is guiding $105 million to $115 million for full-year 2026, and a JFK-to-Manhattan eVTOL flight put the brand in front of every commuter in the country.
Yet shares sit at $10, down 24.24% year to date. Can JOBY trade at $20 by 2028?
What’s Holding Joby Back Shares are stuck because of what investors are paying for unprofitable growth. Joby trades at a price-to-sales ratio of 122x with a beta of 2.67, punished whenever rate expectations shift. Shares are flat over the last month at 0%, with a recent 20% drop in June tied to a strong jobs report and renewed Fed tightening concerns.
Insider selling has weighed on sentiment. Director Paul Sciarra sold 416,666 shares at $12.02, and CFO Rodrigo Brumana followed with a $897,000 sale via a 10b5-1 plan. Both were pre-scheduled, but the optics hurt a stock already 47% below its 52-week high.
Wall Street Sees 11% Upside. Our Model Says 16%. Consensus target is $11.12, with 1 strong buy, 2 buys, 5 holds, 2 sells, and 1 strong sell. Our base-case model lands at $11.62 for a 16.2% upside, with a moderate 0.5 confidence score mirroring the analyst split of 27% bullish, 27% bearish, 45% neutral.
Consensus is too anchored on Joby being pre-revenue. The bull case points to $15.05 within twelve months and $25.75 over five years. Wall Street has not repriced for FAA certification, and that is the asymmetry worth watching.
The Path to $20 Per Share Reaching $20 from $10 requires a gain of 100%. With forward EPS of -$1.20, a price of $20 implies a forward P/E of -17x. The negative figure shows why our model excludes EPS and leans on analyst target weighting and the 247Factor of 1.045. For JOBY, price-to-sales is where the bull case has room.
If Joby hits a credible 2028 revenue ramp toward the $458 million projection being modeled post-FAA approval, the current 122x sales multiple compresses sharply at $20.
Three catalysts are in motion: the first point-to-point electric air taxi flight from JFK to Manhattan, selection for commercial operations in 11 states, and a Dubai launch with vertiports at the airport, Palm Jumeirah, and Dubai Mall.
CEO JoeBen Bevirt told investors, “2026 will mark a key inflection point for Joby”, and ARK Invest backed that view with a 119,000-share purchase after the FAA milestone. The primary risk is simple: any FAA Type Certification slip beyond 2026 resets the bull thesis.
Is $20 Realistic? Joby has no earnings power yet, which is the entire problem and opportunity. The stock sits at $10, against a 52-week range of $7.75 to $20.95, and a 50-day moving average of $9.79. Five-year total return is essentially flat at 0.4%.
The market has paid Joby for the option rather than the operating business. If Dubai service launches and the Dayton plant ramps to 4 aircraft per month in 2027, the option converts into cash flow.
Hitting $20 by 2028 requires a 100% gain, and on a beta of 2.67 that is achievable.
Three things must go right: FAA Type Certification by 2026, passenger revenue from Dubai and U.S. eIPP sites in 2027, and Dayton production hitting 4 aircraft per month on schedule. A certification delay forcing another dilutive capital raise derails it.
I view $20 as a stretch target with real catalysts behind it. Returns at this level shouldn’t be expected every year, but the blueprint for Joby reaching $20 in 2028 is clear.
