Joby Shares Pop After Q3 Earnings Beat Expectations:

Joby Aviation Inc. (NYSE:JOBY) posted its third-quarter fiscal 2026 results after Wednesday’s closing bell, blowing past revenue estimates. Here’s a look at the details.

• JOBY stock is moving. Watch the price action here.

Joby Q3 Details       

Joby reported quarterly losses of 22 cents per share, which beat the analyst estimate for losses of 22 cents, per Benzinga Pro data. 

Quarterly revenue clocked in at $55.09 million, easily beating the Street estimate of $39.22 million.

“This quarter, we made important progress on the fifth and final stage of certification, completing a wide range of ‘for credit’ testing with the FAA,” said CEO JoeBen Bevirt.

“We significantly increased manufacturing output while improving efficiency, and demonstrated our electric air taxi in key early U.S. markets through the White House-backed eIPP program. Our J208 aircraft also completed what we believe to be the first fully autonomous flight of a civilian aircraft across the U.S., and this morning we announced an expansion of our autonomy-focused contracts with the U.S. Air Force to nearly $37 million,” Bevirt added.

Looking Ahead

Joby raised its fiscal 2026 revenue outlook to a range of $135 million to $140 million. For the second half of 2026, Joby said it anticipates use of cash, cash equivalents and short-term investments to be between $385 million and $415 million.

JOBY Stock Price: According to data from Benzinga Pro, Joby stock was up 6.93% to $5.40 in Wednesday’s extended trading.  

Photo courtesy of Joby Aviation, Inc.