Equity Profile

JOBY

Joby Aviation, Inc.

IndustrialsPassenger Airlines$8.2B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is crucial for understanding the company's profitability and how it compares to analyst expectations.

N/A

Revenue Growth

Revenue growth will indicate how well Joby is scaling its operations and gaining market traction.

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 in the industrials sector focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. As cities grow and traffic congestion increases, Joby's technology aims to provide a new mode of transportation that could change how people travel in 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, which was better than the expected -$0.21, marking a positive surprise. However, the stock reacted negatively the following day, suggesting cautious sentiment among investors.

Management Promises & Guidance

Focus on advancing eVTOL aircraft technology.
Commitment to achieving production milestones.
Plans to expand partnerships in the urban air mobility sector.

Expectations

Wall Street Expectations

Overall, expectations for Joby's upcoming earnings are uncertain, with no analyst estimates available. Investors are likely looking for any signs of progress in production and technology validation.

Bull Case

If Joby demonstrates significant advancements in production and technology, it could lead to increased investor confidence and a positive stock reaction.

Bear Case

Conversely, if the company fails to meet production milestones or reports wider losses, it could lead to a decline in stock price as investors reassess the company's viability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific production milestones has Joby achieved this quarter?

Production milestones are critical for validating Joby's technology and operational readiness, which could significantly impact investor sentiment.

What is the updated timeline for commercial operations?

An updated timeline for commercial operations will provide insight into Joby's path to revenue generation and market entry, which is crucial for long-term growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Joby's technological advancements and the potential for quicker-than-expected production ramp-up, which could lead to a more favorable outlook than currently priced in.

Supporting Evidence

Joby's recent EPS surprise indicates better-than-expected operational performance.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility and potential positive news.

Joby's focus on production milestones aligns with industry trends favoring rapid urban air mobility solutions.

Key Risk

If Joby achieves significant production milestones ahead of schedule, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on Joby's operational progress and its ability to execute on its ambitious plans in the emerging eVTOL market.

Bull Confirmed If

Achieving production milestones ahead of schedule would confirm the bull case and suggest strong operational capabilities.

Bear Confirmed If

Failure to meet production milestones or a wider-than-expected loss would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.83%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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 the stock could see an average one-day move of +1.73%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react neutrally, reflecting investor uncertainty.

Miss

Should Joby miss expectations, history suggests an average one-day move of +0.31%, indicating a potential downside reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production milestones and timelines.
2Any new partnerships or collaborations in the urban air mobility space.
3Insights into the regulatory environment affecting eVTOL operations.
4Details on cost management and operational efficiency improvements.
5Feedback on customer interest and pre-orders for the eVTOL aircraft.

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 in the industrials sector focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is crucial for understanding the company's profitability and how it compares to analyst expectations.

N/A

Revenue Growth

Revenue growth will indicate how well Joby is scaling its operations and gaining market traction.

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

Management Promises & Guidance

Focus on advancing eVTOL aircraft technology.
Commitment to achieving production milestones.
Plans to expand partnerships in the urban air mobility sector.

Expectations

Wall Street Expectations

Overall, expectations for Joby's upcoming earnings are uncertain, with no analyst estimates available. Investors are likely looking for any signs of progress in production and technology validation.

Bull Case

If Joby demonstrates significant advancements in production and technology, it could lead to increased investor confidence and a positive stock reaction.

Bear Case

Conversely, if the company fails to meet production milestones or reports wider losses, it could lead to a decline in stock price as investors reassess the company's viability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific production milestones has Joby achieved this quarter?

Production milestones are critical for validating Joby's technology and operational readiness, which could significantly impact investor sentiment.

What is the updated timeline for commercial operations?

An updated timeline for commercial operations will provide insight into Joby's path to revenue generation and market entry, which is crucial for long-term growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate Joby's technological advancements and the potential for quicker-than-expected production ramp-up, which could lead to a more favorable outlook than currently priced in.

Supporting Evidence

Joby's recent EPS surprise indicates better-than-expected operational performance.

The options market is pricing in a significant move, suggesting that investors are anticipating volatility and potential positive news.

Joby's focus on production milestones aligns with industry trends favoring rapid urban air mobility solutions.

Key Risk

If Joby achieves significant production milestones ahead of schedule, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on Joby's operational progress and its ability to execute on its ambitious plans in the emerging eVTOL market.

Bull Confirmed If

Achieving production milestones ahead of schedule would confirm the bull case and suggest strong operational capabilities.

Bear Confirmed If

Failure to meet production milestones or a wider-than-expected loss would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±31.83%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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 the stock could see an average one-day move of +1.73%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react neutrally, reflecting investor uncertainty.

Miss

Should Joby miss expectations, history suggests an average one-day move of +0.31%, indicating a potential downside reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on production milestones and timelines.
2Any new partnerships or collaborations in the urban air mobility space.
3Insights into the regulatory environment affecting eVTOL operations.
4Details on cost management and operational efficiency improvements.
5Feedback on customer interest and pre-orders for the eVTOL aircraft.