Joby Raises 2026 Revenue Outlook to $125M, Secures Texas Hub for eVTOL Flights
JOBY sits 31% above its 52-week low of $6.63 on light trading volume (0.2× avg).
Summary
Joby Aviation raised its full-year 2026 revenue guidance to $115M-$125M, up from prior expectations, driven by its Blade unit. Q2 revenue of $38.6M beat consensus, but adjusted EPS missed by $0.02. The company also signed a 45,000 sq ft lease in Fort Worth to support upcoming eIPP flights in Texas, with first passengers targeted this year. This follows the recent $500M Resonant Sciences acquisition and $750M ATM launch, signaling aggressive scaling. Shares fell 5.1% to $8.37, likely reflecting dilution concerns from the ATM and the EPS miss.
At the time of this announcement, JOBY was trading at $8.67 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $6.63 to $19.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.