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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 (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 is deeply undervalued at $7, despite strong progress toward eVTOL certification and air taxi launch. The potential $750M ATM capital raise, linked to the $500M Resonant Sciences acquisition, pressures the stock but adds a $100M+ revenue defense unit. JOBY is on track for a $2B revenue target by 2030, with near-term catalysts including eIPP services in Dallas-Fort Worth and Dubai.

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 (JOBY -1.81%), a developer of electric vertical takeoff and landing (eVTOL) aircraft, went public through a merger with a special purpose acquisition company (SPAC) five years ago. It started trading at $10.62, but it now trades at about $7 per share.

Image source: Joby Aviation.

Why could Joby be a multibagger stock? Joby's stock hasn't taken off yet because the FAA hasn't fully approved its first commercial flights. But when it does, its shipments of S4 eVTOLs -- which carry a single pilot and four passengers for up to 150 miles at up to 200 miles per hour -- could skyrocket.

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Joby's backers include Toyota (TM +1.83%), which will manufacture the S4; Delta Air Lines (DAL -2.68%), which will use the S4 for last-mile "airport-to-home" flights; and Uber (UBER +0.65%), which will integrate its air taxi flights into its new Uber Air service. Over the long term, it plans to become a vertically integrated "transportation as a service" business that manufactures, owns, and operates its own air taxi network.

Once the FAA fully approves its first flights, analysts expect its revenue to surge from $53 million (mainly from its Blade Air Mobility helicopter services) to $435 million in 2028. Joby's stock might seem expensive at 18 times its 2028 sales, but Fortune Business Insights expects the global eVTOL market to expand at a 36.8% CAGR from 2026 to 2034. As an early mover in this nascent growth market, Joby could generate a tenbagger gain (or more) over the long term.

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 (JOBY +0.00%) has always had a bold, and seemingly sci-fi, vision. In a nutshell, it wants to operate flying taxis to cut down travel and commuting time in busy, congested cities. And while that vision still very much belongs to the future, it is getting close enough to touch.

Joby recently reported what it called "its strongest quarterly progress yet" in the fifth and final stage of the Federal Aviation Administration's type certification process. This fifth stage is the "Show & Verify" stage, and Joby has started doing exactly that: demonstrating, through FAA-reviewed testing, that its aircraft meet the requirements needed for certification. As of July 31, the company completed 20% of this fifth-stage work, whereas the FAA had finished 10% of of its corresponding labor.

Don't miss the importance of this achievement. When Joby finishes this fifth stage, it will be in a position to receive FAA type certification for S4 -- the company's flagship electric vertical takeoff and landing (eVOTL) aircraft. In effect, completion of the process will clear one of the biggest hurdles toward commercializing its air taxi service in the U.S.

That is one reason growth investors might want to pick up some shares of Joby. But there's another -- and it's just as significant.

Joby is already preparing for life after certification The second reason to consider Joby is that it's already working on -- and making significant progress solving -- its next major challenge: manufacturing a fleet of eVTOLs.

Since 2019, Joby has made a significant manufacturing partner out of Toyota Motor. Over the years, Toyota has committed almost $900 million to Joby. It has also contributed invaluable knowledge capital to Joby by helping it think through different parts of the production process, like manufacturing methods, tooling design, and supply chain management.

Image source: Joby Aviation.

In June 2026, this partnership deepened when Joby and Toyota launched the first phase of a strategic manufacturing alliance. The purpose of this alliance is to first lay the groundwork for the commercial production of Joby's eVTOLs. Henceforth, Toyota will also help Joby build more aircraft, faster, so it can get through certification and be ready to produce when eVTOL demand takes off.

Right now, Joby has produced five flying aircraft, and it has 12 more in production. The company will likely need hundreds, if not thousands, to support a dense network of air taxis across and beyond the U.S. Similarly, it needs to produce aircraft at a low enough cost to keep fares attractive and make each flight profitable.

This partnership is all the more valuable because Joby is building its aircraft largely in-house. In other words, instead of handing the work to an outside manufacturer, Joby has to master the mass production process itself. Toyota's expertise, therefore, could be the difference between Joby designing a certifiable aircraft and actually building a sizable fleet of them.

Joby still has plenty of execution challenges to work out beyond manufacturing; it is not a safe stock. Likewise, it's not cheap, trading at about 62 times sales. Still, given that urban air mobility could represent a trillion-dollar opportunity in the coming decades, Joby's progress on multiple fronts positions it as one of the better speculative plays on that opportunity.

Handelsbanken Fonder AB raised its holdings in Joby Aviation, Inc. (NYSE:JOBY – Free Report) by 43.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,426 shares of the company’s stock after buying an additional 66,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Joby Aviation were worth $1,939,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after acquiring an additional 1,348 shares during the period. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 1,880 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Joby Aviation in the fourth quarter valued at $28,000. Pandora Wealth Inc. bought a new stake in Joby Aviation in the fourth quarter valued at $32,000. Finally, DV Equities LLC acquired a new position in shares of Joby Aviation during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets Several research analysts have issued reports on the company. HC Wainwright reiterated a “buy” rating on shares of Joby Aviation in a report on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Wall Street Zen lowered Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Needham & Company LLC cut their target price on Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Susquehanna set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $13.81.

View Our Latest Analysis on JOBY Joby Aviation Trading Down 0.1% Shares of Joby Aviation stock opened at $7.91 on Tuesday. The firm has a market cap of $7.82 billion, a PE ratio of -7.99 and a beta of 2.73. Joby Aviation, Inc. has a 1 year low of $6.63 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The stock has a fifty day moving average price of $8.31 and a 200-day moving average price of $9.30.

Joby Aviation (NYSE:JOBY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The company had revenue of $38.64 million for the quarter, compared to the consensus estimate of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. Joby Aviation’s quarterly revenue was up 257493.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.41) EPS. Equities research analysts anticipate that Joby Aviation, Inc. will post -1 EPS for the current year.

Insider Buying and Selling In related news, CEO Joeben Bevirt sold 15,788 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total value of $140,828.96. Following the transaction, the chief executive officer owned 239,671 shares in the company, valued at approximately $2,137,865.32. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $7.73, for a total value of $110,075.20. Following the completion of the sale, the insider directly owned 180,179 shares of the company’s stock, valued at $1,392,783.67. This represents a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 692,217 shares of company stock worth $7,551,000 in the last three months. Insiders own 20.35% of the company’s stock.

Joby Aviation Profile (Free Report)

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.

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Investors weighing traditional retail against futuristic transportation face a tough choice between Advance Auto Parts (AAP -1.41%) and Joby Aviation (JOBY -4.12%) as they look to build their portfolios for 2026.

Advance Auto Parts operates a massive network of retail stores focused on the steady automotive repair market. In contrast, Joby Aviation is a pre-revenue pioneer developing electric vertical takeoff and landing aircraft. While one relies on established cash flow and restructuring, the other depends on regulatory milestones and technological breakthroughs in the sky.

The case for Advance Auto PartsAdvance Auto Parts provides automotive aftermarket parts to both professional installers and do-it-yourself customers. The professional segment, which includes garages and service stations, represents roughly 50% of total revenue. After divesting its Worldpac business, the company is now focusing on its core model among retail stocks.

In FY 2025, revenue reached nearly $8.6 billion, which was a decrease from the approximately $9.1 billion reported in the previous year. Despite the lower revenue, the company achieved a net income of close to $44.0 million. This marked a significant recovery from the net loss recorded in fiscal year 2024, resulting in a net margin of roughly 0.5%.

As of its January 2026 balance sheet, the debt-to-equity ratio was 2.4x, a metric comparing total debt to shareholder equity. The current ratio stands at approximately 1.7x, which measures the company's ability to cover short-term obligations with short-term assets. Free cash flow was roughly negative $298.0 million for the year, representing the cash remaining after the business pays for its operations and equipment.

The case for Joby AviationJoby Aviation is developing all-electric vertical takeoff and landing aircraft designed for urban air transportation services. The company has secured high-profile partnerships with Toyota Motor for manufacturing and Delta Air Lines for premium airport shuttles. It also maintains contracts with the U.S. Department of Defense and recently acquired Blade Air Mobility to expand its potential customer base.

In FY 2025, revenue reached roughly $53.4 million, a massive increase from the previous year as early service operations began. The company reported a net loss of close to $929.8 million for the period. This produced a net margin of approximately negative 1,740.5%, reflecting the heavy spending required to bring new aviation technology to market.

According to its December 2025 balance sheet, the company maintains a debt-to-equity ratio of 0.0x. This is paired with a current ratio of roughly 13.5x, suggesting a very high level of liquidity available to fund ongoing development. Free cash flow for the year was approximately negative $563.8 million, which accounts for the cash used in operations and building out its initial fleet.

Risk profile comparisonAdvance Auto Parts is currently navigating a complex restructuring plan that involves transforming its supply chain and updating aging IT systems. The company faces stiff competition from major players like AutoZone and O'Reilly Automotive that are expanding their physical footprints and adopting new technologies. Additionally, potential new trade tariffs and rising fuel costs could increase expenses or reduce consumer spending on car maintenance.

Joby Aviation faces significant regulatory risks as it seeks necessary certifications from the Federal Aviation Administration to begin full commercial flights. The company must also prove it can scale manufacturing to a high volume while maintaining safety standards across its fleet. Any accidents or delays in vertiport construction could harm its reputation and force the company to seek dilutive capital from investors.

Valuation comparisonAdvance Auto Parts presents a traditional value profile with a low P/S ratio, while Joby Aviation remains a speculative play without a meaningful Forward P/E.

MetricAdvance Auto PartsJoby AviationForward P/E19.7xN/AP/S ratio0.4x69.2xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with Advance Auto Parts. To give Joby its due, the company is making faster progress than most people expected. Its Blade air taxi business just posted its best quarter on record, and its first passenger flights in Texas are expected next month. The Toyota joint venture adds manufacturing scale that could matter a great deal down the road. For investors with a very long horizon and a high tolerance for risk, Joby is worth watching.

But Joby is burning through cash at a pace that dwarfs its revenue, and commercial scale is still years away. The gap between what the company is spending and what it is earning is one of the widest in the eVTOL industry.

Advance Auto Parts is a steadier, more grounded story. Comparable sales growth just hit its strongest level in five years, margins are expanding, and management reaffirmed its full-year outlook. The auto parts market is large and durable, and the turnaround is showing up in the numbers. For a long-term investor who wants a business that is already improving rather than one still years from proving itself, Advance Auto Parts is the more comfortable pick right now.

Joby Aviation (JOBY -2.26%) presents one of the most compelling investment opportunities for investors seeking to build a broad, diversified portfolio of high-risk/high-reward stocks. The company is making real progress on developing its vertically integrated transportation-as-a-service (TaaS) business.

There are three key reasons why it can emerge victorious in the highly competitive electric vertical take-off and landing (eVTOL) market.

1. Joby Aviation has the right partners for its business model As a reminder, unlike many of its peers, Joby doesn't aim to sell its eVTOL to third parties. Instead, its plan is to develop and manufacture its own eVTOL (without relying extensively on aviation technology partners) and own and operate them within its own transportation network.

Image source: Joby Aviation.

The two aims are part of a reinforcing system that allows Joby to retain complete control over the safety, quality, design/redesign, and maintenance of its own-operated eVTOL. It also has the ideal partners to fulfill this business model. That's why it partnered with Uber Technologies (which has also invested in Joby), and why Joby bought Blade's urban air mobility passenger business. Joby wants to build out an air passenger service ahead of integrating its eVTOL into the network.

It's also the reason why Toyota Motor has invested in Joby and is working with it to provide its world-class manufacturing expertise. In fact, Joby CEO JoeBen Bevirt said the two companies had recently formed "a joint venture that lays the groundwork for high-volume commercial production." Moving forward, Toyota is set to invest $250 million in Joby and will work together with Joby to scale eVTOL production.

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2. The Blade acquisition supports future growth If Joby's TaaS model works, it will not only need to obtain Federal Aviation Administration (FAA) certification for its eVTOL but also successfully integrate and develop the Blade air mobility business in preparation for seamlessly introducing eVTOL offerings into Blade's existing helicopter and charter jet transportation services.

The good news is that the Blade integration is exceeding expectations. In fact, during the recent earnings call, Bevirt said that "the core constraint we're facing on many routes is now aircraft availability rather than passenger demand." He also noted a 50% increase in seats sold in the second quarter compared to the same period last year.

Bevirt also noted some fascinating color on the growth in Blade passengers traveling to airports, saying, "This quarter also saw the highest number of new flyers going to and from New York City airports since 2023, while route expansions contributed to more than 40% year-on-year growth in Hamptons revenue."

While the soccer World Cup undoubtedly helped Blade, the strength of transportation to airports is a major plus, considering that early in the year, United Airlines CEO Scott Kirby had made some disparaging remarks on the growth of eVTOL taxis to airports. Those comments were concerning for Joby's peer and United Airlines partner, Archer Aviation. However, Joby's airline partner, Delta Air Lines, appears to still be fully on board with integrating Joby's eVTOL into its customer experiences. For reference, Delta is also an investor in Joby.

Image source: Joby Aviation.

3. Joby leads the FAA certification race Given that Joby is developing its own technology while most of its peers are leaning into existing aviation companies' expertise, you might think it would be lagging in the certification race. However, Joby is ahead. In fact, it's making progress on the fifth and final stage of type certification, according to management.

Bevirt also recently confirmed that Joby's fleet includes "our first FAA-conforming aircraft." This is a critical point because it means the aircraft is ready for flight testing under Type Inspection Authorization (TIA) with FAA pilots.

To be clear, Joby Aviation is a loss-making company in a competitive industry, and according to the Wall Street consensus from Visible Alpha, it won't be profitable or cash-generative until 2032. That's a long time to wait for many investors.

Still, if its air taxi business starts taking off in 2027 as expected, there will be no shortage of interest, and it won't be long before investors start penciling in accelerated profitability and a long-term stream of recurring revenue and earnings from its TaaS model. That makes Joby stock a good part of a speculative investor's portfolio.

Joby Aviation reached an agreement to acquire Resonant Sciences for $500 million in cash and stock, according to a regulatory filing posted Tuesday. This is the electric air taxi developer’s latest move to push deeper into the defense sector.

Ohio-based Resonant Sciences, which makes radio frequency and sensor systems, will become a dedicated defense business under Joby. Resonant Sciences’ co-founder and CEO J. Micah North will lead this new division, which will absorb Joby’s defense projects, including the development of a turbine-electric and hydrogen-electric aircraft, and autonomy technology stack.

The new defense division will allow the rest of Joby Aviation to focus on certifying, manufacturing, and launching its electric air taxi, the company said.

California-based Joby is best known as a company trying to develop and launch a network of electric urban air taxis that can shuttle people and goods over short distances. The company has also pursued defense, an effort that became more public over the past two years.

Last year, Joby signed an agreement with defense contractor L3Harris Technologies to “explore opportunities” to develop a new aircraft class — specifically, a gas-turbine hybrid vertical take-off and landing (VTOL) aircraft that can fly autonomously — for defense applications.

The gas-turbine hybrid VTOL will be based on Joby’s current S4 aircraft platform, the company said at the time. Joby has focused on developing the S4 with an all-electric powertrain, but in 2024 it demonstrated under a government contract a hydrogen-electric hybrid version that flew 521 miles — more than two times farther than its battery-electric prototype.

Joby’s acquisition of Resonant Sciences gives it a money-making business. Resonant has reported $100 million in trailing 12-month revenue, and access to classified programs run by the U.S. government. Resonant’s radio frequency and sensing tech also complements Joby’s own electric vertical takeoff and landing aircraft (eVTOLs).

Joby has tapped this revenue-generation-through-acquisition strategy before. Developing, certifying, and mass-producing eVTOLs is an expensive and years-long process, the kind of frontier tech that excites shareholders until they start wondering when the money is going to come in.

Joby, which went public in 2021 through a merger with a blank-check company, has assuaged investors by finding near-term sources of revenue.

Last year, Joby acquired Blade Air Mobility’s helicopter rideshare business for about $125 million. The acquisition gave Joby instant access to a network of 12 terminals in key markets like New York City as well as terminal bases at John F. Kennedy International Airport, Newark Liberty Airport, on both east and west sides of Manhattan, and Wall Street.

It also delivered much-needed revenue for Joby. The company reported $38.6 million in revenue in the second quarter, $36.2 million of which came from Blade.

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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.

You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.

Joby Aviation Inc. (NYSE:JOBY) had a busy week last week that included second-quarter financial results and a new Texas facility supporting the company’s upcoming eVTOL flight program.

Joby Aviation stock is among today’s weakest performers. Why is JOBY stock falling? Q2 Financial ResultsJoby reported second-quarter adjusted EPS of a loss of 25 cents, missing the consensus estimate of a loss of 23 cents. Revenue came in at $38.64 million, beating the consensus estimate of $30.38 million. The company highlighted first eIPP flights expected in September in Texas, targeting first passengers in 2026, along with what it called its strongest quarterly progress yet in the fifth and final stage of FAA Type Certification. Five aircraft are currently flying, with 12 more in production as the manufacturing ramp continues.

The company’s Blade unit generated $36.2 million in second-quarter revenue, contributing to an increased full-year 2026 total revenue outlook of $115 million to $125 million. Joby ended the quarter with $2.3 billion in cash and short-term investments.

“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,” said JoeBen Bevirt, founder and CEO of Joby.

Secures Fort Worth Base for Air Mobility ServicesSeparately, Joby signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Hillwood’s Perot Field Fort Worth Alliance Airport, marking the first significant Texas presence by an eVTOL aircraft manufacturer. The new hub will support Joby’s upcoming eIPP flights across the Dallas-Fort Worth Metroplex.

“Establishing a presence in Texas puts Joby in one of the most exciting markets in the country,” said Greg Bowles, Joby Aviation’s Chief Policy Officer. “This site gives us a base to demonstrate the value of air mobility services across the Dallas-Fort Worth metroplex and the state.”

Joby Shares Edge LowerJOBY Price Action: At the time of publication, Joby shares are trading 5.11% lower at $8.37, according to data from Benzinga Pro.

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Joby Aviation (JOBY -0.52%) stock saw a double-digit valuation pullback in July. The company's share price declined 19.8% in the month, according to data from S&P Global Market Intelligence. The S&P 500's level wound up being roughly flat in the month, and the more growth-focused Nasdaq Composite posted a 3.2% decline over the stretch.

Joby is an early leader in the electric vertical take-off and landing (eVTOL) aircraft space, but the outlook in the overall category is still highly speculative -- and the stock can see big valuation swings in conjunction with shifts in the market's appetite for growth stocks. Even with a significant post-earnings pop in August, the stock is still down roughly 34% year to date.

Image source: Getty Images.

Joby stock lost ground in July as investors repositioned Last month played host to a major repositioning across the market. While investors broadly sold out of artificial intelligence hardware plays, top players in the software space and some other industries saw strong bullish momentum that resulted in trading for the S&P 500 winding up roughly flat.

Despite little overall movement for the benchmark index in the month, some highly growth-dependent growth stocks saw big sell-offs in July as investors shifted into different industries and weighed the potential impacts of the reescalation of the U.S.'s war with Iran. The conflict and the resulting closure of the Strait of Hormuz have caused substantial increases in oil prices, and the dynamic has created inflationary pressures and uncertainty that have produced seesawing outlooks on interest rates and valuation volatility for stocks.

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There wasn't any particularly bearish news for Joby Aviation in July, but there weren't any major positive developments for the company either. While Archer Aviation's unveiling of the hybrid vertical take-off and landing platform it developed in conjunction with next-gen defense specialist Anduril may have pulled some investment dollars away from Joby due to defense-oriented headlines in the month, the pullback appears to have largely been driven by broader market trends and the absence of fresh bullish news needed to buck them.

Joby's Q2 report arrived with promising news Joby stock is up roughly 21% in August's trading as of this writing, with bullish momentum for growth stocks and the company's encouraging second-quarter report powering gains. While the company's Q2 loss of $0.25 per share came in $0.02 per share higher than the average Wall Street analyst estimate, revenue of $38.6 million topped the average forecast by roughly $8.2 million.

For a company at Joby's stage of growth, the big sales beat more than overshadowed the earnings miss. Even better, the company significantly increased its full-year sales target. The company raised its full-year revenue guidance range from between $105 million and $115 million to between $115 million and $125 million, which means that investors probably don't have to worry about the big Q2 sales beat simply being the result of unexpected contract timing.

Keith Noonan 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 is nearing air-taxi commercialization as certification and revenue advance, but steep losses, cash burn and a rich valuation keep execution risks high.

Archer and Anduril Put ACHR Stock on a New Defense Flight PathJoby Aviation NYSE: JOBY said it plans to begin its first flights under the federal electric vertical takeoff and landing integration pilot program, or eIPP, in Texas next month, as the company prepares for commercial passenger operations and expands manufacturing and infrastructure efforts.

Founder and Chief Executive Officer JoeBen Bevirt said the Dallas-Fort Worth-area flights are expected to take place over a week and will demonstrate vertical takeoff and landing operations across a major metropolitan market. The flights will initially carry only a pilot, with the company expecting the program to progress to non-paying passengers and eventually paying passengers with Federal Aviation Administration oversight.

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These Stocks Could Win as Wall Street Looks Beyond AI SoftwareJoby continues to target carrying its first passengers this year, Bevirt said. He described eIPP as a potential accelerator for commercialization and said the company believes operational experience gained through the program could also support its certification effort.

Blade Drives Higher Revenue Outlook Joby reported second-quarter revenue of $39 million, primarily from its Blade passenger business, compared with $25 million in the first quarter. Chief Financial Officer Rodrigo Brumana said Blade’s seasonal summer ramp, favorable weather and demand around major events supported the quarter.

Vertical Aerospace: Pre-Flight Checks Point to a BreakoutBlade’s seats sold increased more than 50% from the prior-year period, marking its strongest second quarter in that measure, according to Bevirt. Blade also recorded its highest number of new passengers traveling to and from New York City airports since 2023. Hamptons revenue grew more than 40% year over year, aided by route expansions, while Blade sold roughly 4,500 seats to or from the Monaco Grand Prix.

Joby raised its full-year revenue guidance to $115 million to $125 million, from prior guidance of $105 million to $115 million. The company had recognized $63 million in revenue during the first half of 2026 and said Blade typically experiences its peak period in the third quarter.

Bevirt said aircraft availability, rather than passenger demand, has become the main constraint on several Blade routes. The company is also pursuing demand-generation initiatives through its relationship with Uber and a new Blade partnership with Visa that provides Visa Infinite consumer and business cardholders certain benefits on Blade’s New York airport service.

Joby said Blade’s existing helicopter operations illustrate the importance of vertical lift to customers. Bevirt noted that a fixed-wing flight from Teterboro to Montauk can be booked for roughly one-third the cost of a helicopter trip from Manhattan, but the helicopter service has substantially higher utilization because it avoids travel to an airport.

Loss Widens as Spending Rises Joby ended the second quarter with about $2.3 billion in cash equivalents and short-term investments. Cash use totaled approximately $202 million in the quarter, compared with $195 million in the first quarter, which included the net cash impact of acquiring an Ohio facility.

Excluding the Ohio investment, first-half cash use was $365 million, within the company’s previously stated guidance range of $340 million to $370 million. Property and equipment investment was $29 million in the second quarter, down from $78 million in the first quarter. First-half capital expenditures totaled $107 million, including $62 million related to Ohio and $15 million for expanded flight-test capabilities in Hollister, California.

Total operating expenses rose to $300 million from $258 million in the first quarter. Brumana attributed the increase primarily to $23 million of investment in certification, manufacturing ramp-up and commercial readiness; $11 million of costs associated with higher revenue; and $8 million in other expenses.

On a GAAP basis, Joby reported a net loss of $245 million, compared with a $110 million loss in the first quarter. The company said most of the increase resulted from a $108 million non-cash unfavorable change in the fair value of warrants and earn-out shares, which Brumana said is driven largely by changes in Joby’s share price. Adjusted EBITDA loss was $197 million, compared with a $179 million loss in the prior quarter.

For the second half of 2026, Joby expects cash use of $385 million to $415 million, primarily for certification, manufacturing, eIPP operations and commercialization. Brumana said the higher spending level reflects deliberate investment in commercial readiness, while the company intends to stage portions of spending based on progress against milestones.

Manufacturing, Infrastructure and International Plans Joby said five electric air taxis are now flying, including its first FAA-conforming aircraft, while 12 additional aircraft are in various production stages. Two aircraft are expected to be completed this year. Bevirt said the company reduced its manufacturing non-conformance rate by nearly 40% during the first six months of 2026 as it moved from research-and-development builds toward low-rate production.

The company also formed a joint venture with Toyota intended to support high-volume commercial production. Brumana said Toyota’s previously announced $250 million direct investment in Joby is still expected to close late this year or early next year, subject to final supply agreements. He said the funds would go directly to Joby.

On infrastructure, Joby announced a strategic partnership with Atoms, an industrial artificial intelligence infrastructure company founded by Uber co-founder Travis Kalanick. Executive Chairman Paul Sciarra said the arrangement is a co-investment vehicle in which both parties will contribute capital. He said Atoms brings financing relationships and capabilities in site identification, development and operations, potentially reducing Joby’s share of the work for future vertiport sites.

The initial infrastructure focus will be Florida, New York, Texas and California. Bevirt also cited progress in Dubai, where the second of four vertiports being built by partners is nearing completion. Joby signed a multiyear definitive agreement with Virgin Atlantic during the Farnborough Airshow, outlining a potential path to service in the United Kingdom, with a focus on London and Manchester.

In response to questions on defense opportunities, Sciarra said Joby has worked on hybrid vertical-lift aircraft for nearly two years and has demonstrated improved range and capability on aircraft in flight. He identified potential Department of Defense applications including strike, intelligence, surveillance and reconnaissance, and passenger-carrying infiltration and exfiltration missions.

Joby also said it will work with ASI, which the FAA recently selected to provide central software infrastructure for managing traffic across the U.S. National Airspace System. Sciarra said Joby plans to trial ASI’s tools using Blade and Joby operations to assess whether they can increase flight frequency at key locations.

About Joby Aviation (NYSE:JOBY)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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It's been a difficult year for electric vertical takeoff and landing (eVTOL) company Joby Aviation (JOBY +5.51%), and despite today's more than 5% increase, the stock is still down more than 37% year to date. That said, the recent second-quarter results and news flow are positive for the stock, and it's no surprise to see it bouncing today.

Joby Aviation's plans As readers already know, the eVTOL market is surprisingly diversified, with some companies (Archer Aviation) following an original equipment manufacturer (OEM) model, others (Boeing's Wisk) following an all-autonomous eVTOL model. Then there's Joby's vertically integrated transportation-as-a-service (TaaS) model.

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In addition, Joby is largely developing its own technology, although it has significant investment from Toyota, with the auto giant also working with Joby to help scale eVTOL production.

The key to realizing its TaaS plans lies in progressing toward Federal Aviation Administration (FAA) certification and developing the urban air mobility business bought from Blade last year.

Joby Aviation makes progress The good news is CEO JoeBen Bevirt declared that "we just had our strongest quarter yet in terms of progress on the fifth and final stage of type certification" on the earnings call. Bevirt further confirmed Joby had "five of our electric air taxis in the air, including our first FAA conforming aircraft."

Image source: Joby Aviation.

In addition, Bevirt outlined that regarding Blade, the "core constraint we're facing on many routes is now aircraft availability rather than passenger demand," with the business reporting its best second quarter on record. Joby plans to replace the helicopters, planes ultimately, and other aircraft used by Blade with Joby's eVTOL over time as part of its TaaS model. Given the progress made in the quarter, Joby is on its way.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing. The Motley Fool has a disclosure policy.

Hillwood announced today that Joby Aviation, Inc. (NYSE: JOBY) has signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Perot F

FORT WORTH, Texas--(BUSINESS WIRE)--Hillwood announced today that Joby Aviation, Inc. (NYSE: JOBY) has signed a lease for 45,000 square feet at Alliance Air Trade Center in Haslet, part of Perot Field Fort Worth Alliance Airport. Located within Hillwood's 27,000-acre AllianceTexas development, the leased space marks the first significant North Texas presence by an electric vertical takeoff and landing (eVTOL) aircraft manufacturer and strengthens the region's growing role in advanced air mobili.

Joby Aviation, Inc. (JOBY) Q2 2026 Earnings Call Transcript

Joby Aviation topped second-quarter sales estimates and raised its 2026 revenue outlook, but investors remain focused on certification and the launch of its electric air-taxi service.

The options market is pricing in an implied move of roughly 11.75% in either direction following tonight’s report, according to Benzinga Pro data. Traders expect real volatility once the numbers and the certification update hit the tape.

JOBY stock is moving ahead of earnings. See the chart and price action here.  Short Interest Keeps ClimbingShort sellers haven’t backed off. In fact, Benzinga’s short-interest data shows the count climbing from 99.79 million to 109.76 million, pushing short interest to 16.73% of available shares. 

At current volume, covering those short positions would take 2.43 days without sending the stock sharply higher. 

Wall Street is not expecting good news on Joby’s Q2 fundamentals. Consensus calls for a loss of 23 cents per share on revenue of $30.38 million, according to Benzinga Pro estimates. 

Joby cleared the bar last quarter, posting an EPS loss of just 12 cents on $24.25 million in revenue, an eight cent beat. A repeat beat tonight could be the spark that squeezes the short sellers. 

Analysts Still Lean BullishAnalysts, meanwhile, are still leaning bullish on paper. Benzinga’s data shows a consensus Buy rating across six analysts, with an average price target of $12 implying 55.6% upside from current levels. 

The gap between where the stock trades and where analysts think it’s headed gives shorts extra reason to sweat a good print.

The numbers won’t be the only catalyst on Wednesday night. Joby has spent 2026 racing through FAA type certification, clearing Stage 4 in March and moving into for-credit flight testing with FAA pilots at the controls, the final phase before a type certificate. 

Management has pointed to a late-2026 commercial launch target, though outside analysts see a real chance the timeline slips into 2027. Any update on Stage 5 progress, TIA flight testing, or the air carrier certificate process could move the stock as much as the headline loss and revenue figures. 

Cash burn is another line item worth flagging. Joby closed the first quarter with $2.5 billion in cash, cash equivalents and short-term investments, giving it a long runway even as losses continue. 

A faster or slower burn rate than expected could shift the conversation from certification hype to balance-sheet math fast.

Heavy short interest, a soft consensus bar Joby has beaten before and a market bracing for a double-digit swing after the close make for a setup built for fireworks in either direction.

JOBY Stock Price Activity: Joby stock was down 0.94% at $7.89 at the time of publication Wednesday, according to Benzinga Pro.

Photo courtesy of Joby Aviation, Inc.

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LOS ANGELES & SANTA CRUZ, Calif.--(BUSINESS WIRE)---- $JOBY--Atoms, the Industrial AI and Infrastructure company, and Joby Aviation, Inc. (NYSE: JOBY), the company developing electric air taxis for commercial passenger service, today announced a strategic partnership to acquire and develop vertiport sites in the United States. The companies will initially focus on Florida, New York, and Texas, the markets where Joby is preparing to launch early operations under the White House-backed eVTOL Integration Pi.

Wall Street’s mood on Joby Aviation (NYSE:JOBY | JOBY Price Prediction) has shifted from skepticism to cautious optimism. After a punishing year for the stock, the setup into the Q2 2026 earnings report looks more constructive than it has in months.

Joby trades at $7.15 as of the most recent close. Our 24/7 Wall St. price target for Joby Aviation is $11.91, implying 66.61% upside over the next 12 months. Our recommendation is buy with a moderate (50%) confidence level, reflecting real execution risk against a rich catalyst path.

24/7 Wall St. Price Target Summary Metric Value Current Price $7.15 24/7 Wall St. Price Target $11.91 Upside 66.61% Recommendation BUY Confidence Level 50% A Rough Year Into a Loaded Catalyst Window Joby shares are down 45.83% year to date and 57.08% over the past year, sitting 47% below the 52-week high of $20.95 and just above the 52-week low of $6.63. Yet the stock has begun to firm, with shares up 3.17% last week.

Q4 2025 delivered EPS of -$0.14, beating consensus by 28.97%, on revenue of $30.84 million that exceeded the $16.88 million estimate by 82.66%. Since then, Joby locked in a multi-year exclusive UK air taxi deal with Virgin Atlantic and expanded its Toyota manufacturing joint venture. Q2 2026 earnings hit August 5, 2026.

Why Bulls See a Breakout to $15+ The bull case rests on 2026 being an inflection year. CEO JoeBen Bevirt called it exactly that, saying the focus has shifted “from how and when we’ll go to market, to how many aircraft we can produce and where to deploy them.” Full-year 2026 revenue guidance of $105 million to $115 million represents a step-function jump from FY2025’s $53.4 million.

Catalysts include Dubai passenger service launch, the Virgin Atlantic UK routes from Heathrow and Manchester, a Saudi Arabia LOI worth roughly $1 billion, an ANA joint venture in Japan, and an L3Harris defense partnership targeting the DoD’s $9 billion FY26 autonomous aircraft budget. The bull-case scenario points to $15.25 within 12 months, a 113.29% return.

The Risks Worth Watching Bears point to valuation and cash burn. Joby trades at 50 times projected 2026 sales, with a trailing operating margin of -9.63% and FY2025 net loss of $929.84 million. Insider activity has skewed to selling, including CEO Bevirt’s $4.6 million share sale on July 15. FAA certification and eVTOL competition round out the concerns.

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Bulls argue the operating loss reflects $161.26 million of Q4 R&D spend that funds product development, and that the Bevirt sale ran through a pre-approved 10b5-1 plan adopted in October 2025. Our bear case lands at $9.10, above today’s price.

How Joby Compares to Archer and EHang Archer Aviation (NYSE:ACHR) is the cleanest US-listed comp: same eVTOL end market, same FAA pathway, same defense pivot. Archer carries a market cap of $3.54 billion, roughly half Joby’s, on P/B of 1.61 versus Joby’s 4.99. Q1 2026 revenue was only $1.60 million against Joby’s rapidly scaling Blade-driven revenue, making Joby’s premium multiple more defensible.

EHang Holdings (NASDAQ:EH) is the autonomous eVTOL counterpoint, ahead on certification in China but tiny at a $294 million market cap. FY2025 revenue reached $72.86 million, comparable to Joby, yet EHang deliveries collapsed to just 4 units in Q1 2026. That volatility highlights execution risk in eVTOL and reinforces the value of Joby’s balance sheet and Western regulatory footprint.

Joby Aviation Price Prediction 2026-2030 The bull case strengthens if the August 5 earnings report confirms progress on the $105 million to $115 million revenue guide and shows manageable cash burn. The thesis weakens if FAA certification slips beyond 2027 or if Dubai passenger service is pushed. The 24/7 Wall St. price target of $11.91 and buy rating stand, tempered by moderate confidence.

Our model, extended with scenario analysis, projects the following trajectory assuming Joby executes on certification and commercial ramp.

Year 24/7 Wall St. Price Target 2026 $11.91 2027 $15.50 2028 $19.75 2029 $24.00 2030 $28.73 These projections assume Joby executes on Dubai, UK, and defense commercialization. Significant upside or downside could result from FAA certification timing and capital raises that dilute existing holders.

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Contact [email protected] for any questions or corrections.

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.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in JOBY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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SANTA CRUZ, Calif.--(BUSINESS WIRE)---- $JOBY--Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that it expects to release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026, and to host a webcast at 5:00 pm ET on the same day. The webcast will be publicly available in the Upcoming Events section of the company website, www.jobyaviation.com. If unable to attend the webcast, to listen by phone,.