Equity Profile

JOBY

Joby Aviation, Inc.

IndustrialsPassenger Airlines$7.3B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Joby Aviation, Inc. is a company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs.

N/A

Revenue Growth

Revenue growth is essential to gauge the company's ability to attract customers and expand its market presence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

JOBY Q2-2026 Earnings Preview

Context

Company Snapshot

Joby Aviation, Inc. is a company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. As part of the industrials sector, it aims to revolutionize passenger transportation by providing eco-friendly and efficient air travel solutions, which could play a significant role in the future of transportation.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-33.06%

Avg Stock Reaction

-0.41%

Last Quarter Recap

In Q1 2026, Joby Aviation reported an EPS of -$0.12, beating expectations by 41.75%. However, revenue details were not disclosed, and the stock reacted negatively, dropping 2.03% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Joby Aviation's upcoming earnings, especially after a surprise EPS beat last quarter. However, the lack of revenue guidance and operational updates raises concerns.

Bull Case

If Joby can demonstrate significant progress in operational milestones and maintain or improve its EPS surprise, it could lead to a positive market reaction.

Bear Case

Conversely, if the company fails to provide clarity on revenue growth or operational challenges persist, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific operational milestones can Joby report on regarding aircraft testing and regulatory approvals?

Clear updates on these milestones are crucial for investors to assess the company's readiness for commercial operations.

What is the company's outlook on revenue growth for the upcoming quarters?

Revenue guidance will be a key indicator of the company's financial health and ability to scale its operations.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Joby's potential for operational advancements, especially given the recent EPS beat. Investors might be too focused on revenue figures without considering the significance of successful aircraft testing.

Supporting Evidence

Joby has shown a consistent ability to surprise on EPS, indicating better cost management than expected.

The options market is pricing in a significant move, suggesting that investors are anticipating news that could drive the stock in either direction.

Key Risk

If Joby can demonstrate substantial progress in operational milestones, it could shift the narrative away from mere revenue figures.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for Joby to transition from development to commercial operations, making operational updates and revenue guidance critical.

Bull Confirmed If

Demonstrating progress in operational milestones, such as successful flight tests and regulatory approvals, would confirm the bullish case.

Bear Confirmed If

Failure to provide clarity on revenue growth or continued operational challenges would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.83%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±31.8% while JOBY has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

83.0%

Calls (5.8M)P/C Ratio: 0.29Puts (955K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Joby beats expectations and raises guidance, history suggests a positive market reaction, with an average 1-day move of +1.73% following such outcomes.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess their expectations.

Miss

A miss on earnings or lack of operational clarity could lead to a negative reaction, with history suggesting an average 1-day move of +0.31% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on aircraft testing and any regulatory approvals received.
2Specific revenue growth targets or guidance for the next quarter.
3Insights into customer demand and partnerships in the urban air mobility space.
4Any commentary on cost management and operational efficiency improvements.
5Future plans for scaling production and commercial launch timelines.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Joby Aviation, Inc. is a company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs.

N/A

Revenue Growth

Revenue growth is essential to gauge the company's ability to attract customers and expand its market presence.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

JOBY Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-33.06%

Avg Stock Reaction

-0.41%

Last Quarter Recap

In Q1 2026, Joby Aviation reported an EPS of -$0.12, beating expectations by 41.75%. However, revenue details were not disclosed, and the stock reacted negatively, dropping 2.03% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Joby can demonstrate significant progress in operational milestones and maintain or improve its EPS surprise, it could lead to a positive market reaction.

Bear Case

Conversely, if the company fails to provide clarity on revenue growth or operational challenges persist, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific operational milestones can Joby report on regarding aircraft testing and regulatory approvals?

Clear updates on these milestones are crucial for investors to assess the company's readiness for commercial operations.

What is the company's outlook on revenue growth for the upcoming quarters?

Revenue guidance will be a key indicator of the company's financial health and ability to scale its operations.

Edge

What the Street Is Missing

Why consensus could be wrong

Supporting Evidence

Joby has shown a consistent ability to surprise on EPS, indicating better cost management than expected.

The options market is pricing in a significant move, suggesting that investors are anticipating news that could drive the stock in either direction.

Key Risk

If Joby can demonstrate substantial progress in operational milestones, it could shift the narrative away from mere revenue figures.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for Joby to transition from development to commercial operations, making operational updates and revenue guidance critical.

Bull Confirmed If

Demonstrating progress in operational milestones, such as successful flight tests and regulatory approvals, would confirm the bullish case.

Bear Confirmed If

Failure to provide clarity on revenue growth or continued operational challenges would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.83%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±31.8% while JOBY has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

83.0%

Calls (5.8M)P/C Ratio: 0.29Puts (955K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Joby beats expectations and raises guidance, history suggests a positive market reaction, with an average 1-day move of +1.73% following such outcomes.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted movement as investors reassess their expectations.

Miss

A miss on earnings or lack of operational clarity could lead to a negative reaction, with history suggesting an average 1-day move of +0.31% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on aircraft testing and any regulatory approvals received.
2Specific revenue growth targets or guidance for the next quarter.
3Insights into customer demand and partnerships in the urban air mobility space.
4Any commentary on cost management and operational efficiency improvements.
5Future plans for scaling production and commercial launch timelines.