Equity Profile

JOBY

Joby Aviation, Inc.

IndustrialsPassenger Airlines$9.4B

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)

EPS is a key indicator of profitability and will show how well Joby is managing its costs and scaling its operations.

N/A

Revenue Growth

Revenue growth will provide insight into market demand for Joby's eVTOL services and overall business expansion.

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, Joby is positioned at the forefront of innovation in passenger airlines, aiming to revolutionize transportation in congested urban areas.

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 reported an EPS of -$0.12, beating expectations by 41.75%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on ramping up production of eVTOL aircraft.
Commitment to enhancing operational efficiency.
Plans to expand market presence in urban air mobility.

Expectations

Wall Street Expectations

Overall, expectations for Joby's upcoming earnings are mixed, with investors keenly watching for any signs of revenue growth and cost management.

Bull Case

If Joby can demonstrate strong revenue growth and effective cost management, it may signal a successful scaling of operations, boosting investor confidence.

Bear Case

Conversely, if Joby fails to show significant revenue growth or if operating expenses remain high, it could raise concerns about the sustainability of its business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific revenue figures can Joby provide for Q2 2026?

Revenue numbers are critical for assessing market demand and the effectiveness of Joby's growth strategy, especially after a lack of disclosure last quarter.

How is Joby managing its operating expenses as it scales production?

Understanding cost management will be essential to gauge the sustainability of Joby's business model and its ability to achieve profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Joby to achieve significant revenue growth as urban air mobility gains traction, especially given recent advancements in eVTOL technology.

Supporting Evidence

Joby's recent EPS surprise indicates better-than-expected cost management, which could translate into stronger revenue performance.

The options market is pricing a large move, suggesting that investors are anticipating a significant shift in sentiment based on the earnings report.

Key Risk

If revenue growth exceeds expectations, it could challenge the current bearish sentiment surrounding Joby's operational scalability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Joby's ability to scale operations effectively while managing costs and generating revenue.

Bull Confirmed If

Demonstrating revenue growth of at least 20% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If operating expenses exceed $20 million, it would raise significant concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±31.72%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move around the earnings report, indicating heightened uncertainty or anticipation among investors.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.6M

511,284 sh

3 insiders

Net

$4.6M

Net selling

Most Active Insiders· 6 open-market trades

CEO and Chief ArchitectBevirt JoeBen
$4.2M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Joby beats expectations and raises guidance, history suggests a potential average move of +1.63% on the following day, confirming positive sentiment.

In-Line / Cautious

A cautious in-line report could lead to muted reactions, as investors weigh management's commentary against current market conditions.

Miss

If Joby misses on key metrics, history suggests a potential average move of +0.31%, indicating a possible negative sentiment shift.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue figures for Q2 2026.
2Insights into cost management strategies as production scales.
3Updates on partnerships or contracts that could drive future growth.
4Any commentary on regulatory developments affecting eVTOL operations.
5Management's outlook on the urban air mobility market.

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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)

EPS is a key indicator of profitability and will show how well Joby is managing its costs and scaling its operations.

N/A

Revenue Growth

Revenue growth will provide insight into market demand for Joby's eVTOL services and overall business expansion.

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 reported an EPS of -$0.12, beating expectations by 41.75%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on ramping up production of eVTOL aircraft.
Commitment to enhancing operational efficiency.
Plans to expand market presence in urban air mobility.

Expectations

Wall Street Expectations

Overall, expectations for Joby's upcoming earnings are mixed, with investors keenly watching for any signs of revenue growth and cost management.

Bull Case

If Joby can demonstrate strong revenue growth and effective cost management, it may signal a successful scaling of operations, boosting investor confidence.

Bear Case

Conversely, if Joby fails to show significant revenue growth or if operating expenses remain high, it could raise concerns about the sustainability of its business model.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific revenue figures can Joby provide for Q2 2026?

Revenue numbers are critical for assessing market demand and the effectiveness of Joby's growth strategy, especially after a lack of disclosure last quarter.

How is Joby managing its operating expenses as it scales production?

Understanding cost management will be essential to gauge the sustainability of Joby's business model and its ability to achieve profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Joby to achieve significant revenue growth as urban air mobility gains traction, especially given recent advancements in eVTOL technology.

Supporting Evidence

Joby's recent EPS surprise indicates better-than-expected cost management, which could translate into stronger revenue performance.

The options market is pricing a large move, suggesting that investors are anticipating a significant shift in sentiment based on the earnings report.

Key Risk

If revenue growth exceeds expectations, it could challenge the current bearish sentiment surrounding Joby's operational scalability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Joby's ability to scale operations effectively while managing costs and generating revenue.

Bull Confirmed If

Demonstrating revenue growth of at least 20% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If operating expenses exceed $20 million, it would raise significant concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±31.72%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move around the earnings report, indicating heightened uncertainty or anticipation among investors.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.6M

511,284 sh

3 insiders

Net

$4.6M

Net selling

Most Active Insiders· 6 open-market trades

CEO and Chief ArchitectBevirt JoeBen
$4.2M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Joby beats expectations and raises guidance, history suggests a potential average move of +1.63% on the following day, confirming positive sentiment.

In-Line / Cautious

A cautious in-line report could lead to muted reactions, as investors weigh management's commentary against current market conditions.

Miss

If Joby misses on key metrics, history suggests a potential average move of +0.31%, indicating a possible negative sentiment shift.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue figures for Q2 2026.
2Insights into cost management strategies as production scales.
3Updates on partnerships or contracts that could drive future growth.
4Any commentary on regulatory developments affecting eVTOL operations.
5Management's outlook on the urban air mobility market.