JOBY Shares Gain 5.5% Since Second-Quarter 2026 Revenues Beat

Joby Aviation, Inc. JOBY reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents. In the year-ago quarter, JOBY reported a loss of 41 cents.

However, the results had a positive impact on the market, as the stock gained 5.5% since its earnings release on Aug. 5.

Quarterly revenues were $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues increased from $15,000 in the prior-year period, with Blade contributing $36.2 million in the reported quarter amid seasonal demand and strong passenger activity.

Joby Aviation, Inc. Price, Consensus and EPS Surprise

Joby Aviation, Inc. price-consensus-eps-surprise-chart | Joby Aviation, Inc. Quote

In the June-end quarter, total operating expenses increased 78.4% year over year to $299.52 million. Research and development expenses rose 42.7% to $194.66 million, while selling, general and administrative expenses climbed 143.2% to $76.56 million as Joby invested in certification, manufacturing and commercial readiness and supported Blade’s growth.

Adjusted EBITDA in second-quarter 2026 was a loss of approximately $197 million compared with a loss of about $179 million in the first quarter. Management attributed the sequential change to the quarter's revenues and expense dynamics.

JOBY exited the second quarter with cash and cash equivalents of $629.86 million and total cash, cash equivalents and short-term investments of $2.26 billion. As of June 30, 2026, long-term debt totaled $701.87 million.

JOBY's Guidance

The company raised its full-year 2026 revenue outlook to $115-$125 million from $105-$115 million, citing Blade's continued strength. For the second half of 2026, Joby expects to use between $385 million and $415 million of cash, cash equivalents and short-term investments.

On the operating front, Joby expects its first flights under the White House-backed eIPP program in Texas in September and aims to carry its first passengers in 2026. The company said five aircraft are flying and another 12 are in production, while it recorded its strongest quarterly progress yet in the fifth and final stage of FAA type certification.

Currently, JOBY has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q2 Performances of Other Transportation Companies

Westinghouse Air Brake Technologies WAB, operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year.

Quarterly adjusted earnings of $2.76 per share beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion.

Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%.

United Airlines Holdings, Inc. UAL reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.

Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs.

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This article originally published on Zacks Investment Research (zacks.com).

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