HC Wainwright Has Negative View of Joby Aviation Q3 Earnings

Joby Aviation, Inc. (NYSE:JOBY) – Stock analysts at HC Wainwright decreased their Q3 2026 EPS estimates for shares of Joby Aviation in a note issued to investors on Thursday, August 6th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.25) per share for the quarter, down from their prior forecast of ($0.22). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Joby Aviation’s current full-year earnings is ($0.94) per share. HC Wainwright also issued estimates for Joby Aviation’s Q4 2026 earnings at ($0.27) EPS, FY2026 earnings at ($0.99) EPS and FY2027 earnings at ($0.75) EPS.

A number of other research analysts also recently weighed in on JOBY. Barclays upgraded Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday. Canaccord Genuity Group cut 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. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Finally, Needham & Company LLC lowered their target price on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $13.81.

Joby Aviation Stock Performance

JOBY opened at $8.41 on Monday. The business’s 50-day simple moving average is $8.51 and its 200 day simple moving average is $9.46. Joby Aviation has a 52-week low of $6.63 and a 52-week high of $19.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The firm has a market capitalization of $8.28 billion, a PE ratio of -8.50 and a beta of 2.73.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data 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 during 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 58.65%. Joby Aviation’s revenue was up 257493.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.41) EPS.

Insider Activity

In other Joby Aviation news, CFO Rodrigo Brumana sold 78,489 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $11.30, for a total value of $886,925.70. Following the sale, the chief financial officer owned 81,694 shares in the company, valued at $923,142.20. This represents a 49.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 27,932 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $7.53, for a total value of $210,327.96. Following the completion of the sale, the insider directly owned 710,396 shares of the company’s stock, valued at approximately $5,349,281.88. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 1,050,736 shares of company stock valued at $11,423,677. 20.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently added to or reduced their stakes in JOBY. Renaissance Technologies LLC raised its holdings in Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after acquiring an additional 2,645,200 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Joby Aviation by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after acquiring an additional 2,540,382 shares during the period. Man Group plc bought a new stake in shares of Joby Aviation during the third quarter worth approximately $40,283,000. Norges Bank acquired a new position in shares of Joby Aviation in the fourth quarter valued at approximately $32,269,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Joby Aviation by 80.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after purchasing an additional 1,512,094 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby agreed to acquire Resonant Sciences for approximately $500 million—$450 million in cash and $50 million in Joby stock. Resonant develops radar, navigation, communications, electronic-warfare and other aerospace-defense technologies, giving Joby an immediate defense business beyond its still-developing commercial air-taxi operations. Reuters article
• Positive Sentiment: Resonant reportedly generates more than $100 million in trailing revenue, has high-teens EBITDA margins, grew sales about 40% year over year and has a growing defense backlog. The acquisition could provide Joby with revenue and cash flow while it continues funding certification and production of its electric vertical-takeoff-and-landing aircraft. Cerberus announcement
• Positive Sentiment: The transaction expands Joby’s exposure to potentially faster-moving Department of Defense programs, where autonomous, low-observable and dual-use aircraft may be commercialized without waiting for civilian air-taxi infrastructure and full passenger certification. TechCrunch article
• Neutral Sentiment: Joby ended the second quarter with approximately $2.3 billion in cash, equivalents and short-term investments, which helps fund the purchase. It is also preparing September demonstration flights from its new Texas hub and expects continued commercial progress, but the business remains loss-making and certification is not complete. Benzinga article
• Negative Sentiment: Investors focused on Joby’s planned $750 million at-the-market equity facility, which could dilute existing shareholders and signal additional funding needs. Joby expects to use $385 million to $415 million in cash during the second half of 2026, making the $450 million cash consideration significant despite its liquidity. Motley Fool coverage
• Negative Sentiment: The deal introduces integration risk and leaves Joby exposed to its existing valuation, cash-burn and FAA-certification challenges. The company also recently missed quarterly EPS expectations, reinforcing concerns that commercial profitability remains distant.

Joby Aviation Company Profile

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.