TLDR
- Joby Aviation (JOBY) stock rose 4.1% on Wednesday to close at $5.05 ahead of its Q3 report.
- The company posted Q3 revenue of $55 million and gross profit of $16 million, both above estimates.
- Joby lifted full-year revenue guidance to $135 million to $140 million from $115 million to $125 million.
- Cash stood at $2.2 billion, with free cash flow positive status not expected until 2031.
- The stock is down about 60% year to date as investors wait on aircraft certification.
Joby Aviation (JOBY) stock got a lift on Wednesday, rising 4.1% to close at $5.05. The move came a few hours before the company reported third-quarter results.
After the bell, the stock added another 5.9% to trade at $5.35. The S&P 500 gained 1.6% and the Dow rose 3% on the day.
The results were better than Wall Street expected. Revenue came in at $55 million, well above the $39 million FactSet consensus.
$JOBY AVIATION Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $55M (Est. $39.2M) 🟢
Raises FY26 Guide:
🔹 Revenue: $135M-$140M (Est. $121M) 🟢Other Q3 Metrics:
🔹 Cash & Investments: $2.2BAnnouncements:
🔹 Blade: 44,000+ passengers; Q3 revenue of $55M
🔹 Manufacturing: 17 aircraft… pic.twitter.com/ZynYEZsyEg— Wall St Engine (@wallstengine) November 4, 2026
Gross profit hit $16 million, topping the $11.4 million analysts were looking for. A year ago, Joby posted $12.5 million in gross profit on $22.6 million in sales.
The Numbers Behind the Beat
Investing.com data shows a loss of $0.22 per share. That was $0.03 better than the $0.25 loss analysts had penciled in.
Revenue was also far ahead of the $37.17 million consensus in that data set. In short, the company cleared the bar on both the top and bottom line.
Joby also raised its outlook for the year. It now expects revenue of $135 million to $140 million.
The prior range was $115 million to $125 million. That is a jump of $20 million at the low end and $15 million at the high end.
Much of the current revenue comes from Blade Air Mobility’s passenger business. Joby bought that unit in 2025.
For now, the sales figures are not the main story. Joby is a company built around aircraft that have yet to carry paying passengers in its own network.
Joby makes electric vertical takeoff and landing aircraft, often called eVTOLs. The company could be ready to bring them into its network by 2027, subject to regulatory approvals.
Progress with the Federal Aviation Administration is part of that path. Certification still has to be completed before commercial service can begin.
Cash, Costs and a Long Road
Joby ended the quarter with $2.2 billion in cash, cash equivalents and short-term investments. That gives it a cushion while it builds out production.
Wall Street expects the company to burn about $2 billion between now and 2030. Analysts see free cash flow turning positive in 2031.
Full-year profit is not expected until 2031 either. By then, sales are projected to reach $3.2 billion.
The recent record has been rough for holders. The stock is down roughly 60% year to date.
Over the past 12 months, the decline is about 65%. Investing.com data also shows a drop of roughly 42% over the last three months.
Investors are still waiting on certification and a ramp in aircraft production. After Wednesday’s report, the stock was trading at $5.35 in extended hours.
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