Joby Aviation (NYSE:JOBY) Issues Quarterly Earnings Results

Joby Aviation (NYSE:JOBY) posted its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $999.20, Zacks reports.

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

• First FAA-conforming aircraft is ready to fly and Joby reported a record 18-point increase on the FAA side of Stage Four, positioning the company to enter Stage Five and expect FAA pilots to fly later this year.
• Joby is scaling production and balance sheet strength — it purchased a 728,000‑sq ft Dayton facility to support a planned ramp toward 4 aircraft/month by 2027 and raised substantial capital recently (net ~ $1B across Q4/Q1 plus a post‑quarter ~$1.2B financing), exiting Q4 with $1.4B in cash and short‑term investments.
• Commercial momentum and partnerships are broadening demand — Joby expects to carry its first passengers in Dubai this year, is positioned for the U.S. eIPP program (DOT to pick locations soon), and has integrations/agreements with partners including Uber, Toyota, Delta and Blade plus MOUs in Saudi Arabia, Kazakhstan and Tokyo.
• Near‑term financials and cash burn remain a risk — Q4 net loss was $122M (helped by a non‑cash warrant/earn‑out revaluation), Q4 revenue was only $31M, 1H 2026 cash use is guided at $340M–$370M (plus a ~$33M building purchase), and 2026 revenue is guided to just $105M–$150M, largely driven by Blade.

Joby Aviation Stock Performance

JOBY traded up $0.10 during trading on Wednesday, reaching $9.82. The company had a trading volume of 34,219,109 shares, compared to its average volume of 29,372,908. The firm’s 50-day simple moving average is $12.75 and its 200 day simple moving average is $14.43. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -7.32 and a beta of 2.57. Joby Aviation has a 12-month low of $4.96 and a 12-month high of $20.95.

More Joby Aviation News

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

• Positive Sentiment: Q4 results materially beat expectations — Joby reported $999.00 EPS vs. a ~($0.20) consensus; the release spurred immediate buying as traders parsed a large one‑time swing in the quarter. Q4 Press Release
• Positive Sentiment: Toyota expanded its investment and manufacturing partnership (new $250M tranche), strengthening Joby’s production pathway and de‑risking scale/FAA certification execution in investors’ eyes. Toyota Investment Puts Joby Production Plans And Risks In Sharper Focus
• Positive Sentiment: Feature coverage on Joby’s eVTOL commuter vision keeps the long‑term demand narrative alive and supports investor interest in the commercial opportunity. MSN eVTOL Feature
• Neutral Sentiment: Pre‑earnings previews and volatility warnings raised expectations for big intraday moves around the print, increasing short‑term trading risk (and reward). Earnings Volatility Preview
• Neutral Sentiment: Sector headlines and competitor legal fights (Archer vs. Vertical) are driving “sympathy” flows across eVTOL names and can amplify moves in Joby depending on peer news. Archer/Vertical Legal Coverage
• Negative Sentiment: Insider selling: Gregory Bowles sold recent blocks (~15k shares across Feb. 23–24) — modest in size but a negative signal for sentiment. SEC Form 4 — Gregory Bowles
• Negative Sentiment: Cash‑burn and runway remain key risks — analysts have highlighted ~\$500M/year burn and say the balance sheet (not GAAP EPS) is the decisive metric for the company’s near‑term fate. Watch cash, guidance and one‑time items disclosed in the quarter. Cash Burn Analysis
• Negative Sentiment: Analyst/valuation pressure and technicals: several firms flag rich valuation vs. execution risk; the stock trades below its 50‑ and 200‑day moving averages, which can exacerbate downside on any weak follow‑up news. Analyst Coverage & Valuation

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. JPMorgan Chase & Co. boosted their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $13.21.

Insider Activity

In other Joby Aviation news, insider Eric Allison sold 32,448 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.25, for a total transaction of $429,936.00. Following the sale, the insider directly owned 659,980 shares of the company’s stock, valued at $8,744,735. The trade was a 4.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kate Dehoff sold 28,260 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total value of $415,987.20. Following the completion of the sale, the insider directly owned 149,369 shares of the company’s stock, valued at approximately $2,198,711.68. This represents a 15.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,470,074 shares of company stock valued at $16,083,913. 32.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its position in Joby Aviation by 16.1% during the fourth quarter. Sunbelt Securities Inc. now owns 13,725 shares of the company’s stock valued at $181,000 after purchasing an additional 1,900 shares during the last quarter. Invesco Ltd. increased its position in Joby Aviation by 33.3% in the 4th quarter. Invesco Ltd. now owns 1,205,957 shares of the company’s stock worth $15,919,000 after purchasing an additional 301,335 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Joby Aviation by 58.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock worth $256,000 after purchasing an additional 7,188 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Joby Aviation by 244.0% during the 4th quarter. Corient Private Wealth LLC now owns 99,396 shares of the company’s stock worth $1,312,000 after purchasing an additional 70,502 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Joby Aviation during the 4th quarter valued at about $72,000. 52.85% of the stock is owned by institutional investors and hedge funds.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.