Joby Beats on Q2 Sales, Raises Guidance, But Stock Falls on Wider Loss
JOBY sits 18% above its 52-week low of $6.63.
Summary
Joby reported Q2 sales of $38.6M, beating the $30M consensus, but operating loss widened to $260.9M vs. the $210M expected. The company raised its full-year 2026 revenue guidance to $120M from $110M, above the $117M Street estimate. Despite the top-line beat and guidance hike, shares fell 1.7% after hours as investors focused on the larger-than-expected loss. The results follow the June 30 joint venture with Toyota for eVTOL manufacturing, underscoring progress toward certification expected late 2026 or early 2027. With the stock down 41% year-to-date, the market remains impatient for commercial passenger flights.
At the time of this announcement, JOBY was trading at $7.80 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $6.63 to $20.80. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.