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JOBY has a discouraging earnings surprise history. The company’s earnings have underperformed the Zacks Consensus Estimate in two of the trailing four quarters and met twice in the remaining two quarters, delivering an average miss of 11.39%.
Image Source: Zacks Investment Research
Factors Influencing JOBY's Q3 Performance
The Zacks Consensus Estimate for JOBY’s third-quarter 2026 loss has remained unchanged at 26 cents per share over the past 60 days and from the third-quarter 2025 actuals. The Zacks Consensus Estimate for the to-be-reported quarter revenues is pegged at $37.61 million, indicating an increase of 66.65% from the third quarter of 2025 actuals.
Image Source: Zacks Investment Research
We expect JOBY's performance in the to-be-reported quarter to have been adversely affected by elevated spending on FAA certification, manufacturing expansion, infrastructure development and commercial launch activities. These headwinds are likely to have resulted in higher operating expenses, wider losses and continued cash burn.
The ongoing geopolitical tensions in the Middle East and supply-chain disruptions are likely to have weighed on its September-end quarter results. Inflationary pressures and soaring fuel price volatility are also expected to have posed additional headwinds.
What Our Model Says About JOBY
Our proven model does not conclusively predict an earnings beat for Joby Aviation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
JOBY has an Earnings ESP of 0.00% and a Zacks Rank #2 at present.
Joby Aviation reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents per share. In the year-ago quarter, JOBY reported a loss of 41 cents per share.
Quarterly revenues came in at $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues were up 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.
A Transportation Stock to Consider
Here is a stock from the broader Zacks Transportation sector that investors may consider, as our model shows that it has the right combination of elements to beat on earnings this reporting cycle.
The Zacks Consensus Estimate for ArcBest’s third-quarter 2026 earnings has been revised upward by 5.8% over the past 60 days to $2.54 per share. ARCB’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters, missing in one. The average beat is 2.14%.
A Transportation Stock That Has Already Released Q3 Results
Wabtec Corporation (WAB - Free Report) reported mixed third-quarter 2026 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
Wabtec’s quarterly earnings (excluding 41 cents from non-recurring items) of $2.83 per share beat the Zacks Consensus Estimate of $2.72 by 4.04% and increased 22% year over year. Revenues climbed 8.1% year over year to $3.12 billion but missed the consensus mark of $3.18 billion by 2%. Wabtec’s 12-month backlog increased 8.8% to $8.99 billion.
View the Zacks #1 Rank List
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JOBY Gears Up to Report Q3 Earnings: What's in Store for the Stock?
Key Takeaways
Joby Aviation (JOBY - Free Report) is scheduled to report third-quarter 2026 results on Nov. 4, after market close.
JOBY has a discouraging earnings surprise history. The company’s earnings have underperformed the Zacks Consensus Estimate in two of the trailing four quarters and met twice in the remaining two quarters, delivering an average miss of 11.39%.
Factors Influencing JOBY's Q3 Performance
The Zacks Consensus Estimate for JOBY’s third-quarter 2026 loss has remained unchanged at 26 cents per share over the past 60 days and from the third-quarter 2025 actuals. The Zacks Consensus Estimate for the to-be-reported quarter revenues is pegged at $37.61 million, indicating an increase of 66.65% from the third quarter of 2025 actuals.
We expect JOBY's performance in the to-be-reported quarter to have been adversely affected by elevated spending on FAA certification, manufacturing expansion, infrastructure development and commercial launch activities. These headwinds are likely to have resulted in higher operating expenses, wider losses and continued cash burn.
The ongoing geopolitical tensions in the Middle East and supply-chain disruptions are likely to have weighed on its September-end quarter results. Inflationary pressures and soaring fuel price volatility are also expected to have posed additional headwinds.
What Our Model Says About JOBY
Our proven model does not conclusively predict an earnings beat for Joby Aviation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
JOBY has an Earnings ESP of 0.00% and a Zacks Rank #2 at present.
Joby Aviation, Inc. Price and EPS Surprise
Joby Aviation, Inc. price-eps-surprise | Joby Aviation, Inc. Quote
Highlights of JOBY’s Q2 Results
Joby Aviation reported a second-quarter 2026 loss of 25 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents per share. In the year-ago quarter, JOBY reported a loss of 41 cents per share.
Quarterly revenues came in at $38.6 million, surpassing the Zacks Consensus Estimate of $29 million. Revenues were up 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.
A Transportation Stock to Consider
Here is a stock from the broader Zacks Transportation sector that investors may consider, as our model shows that it has the right combination of elements to beat on earnings this reporting cycle.
ArcBest Corporation (ARCB - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #2 at present. ARCB is scheduled to report third-quarter 2026 earnings on Nov. 4. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ArcBest’s third-quarter 2026 earnings has been revised upward by 5.8% over the past 60 days to $2.54 per share. ARCB’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters, missing in one. The average beat is 2.14%.
A Transportation Stock That Has Already Released Q3 Results
Wabtec Corporation (WAB - Free Report) reported mixed third-quarter 2026 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
Wabtec’s quarterly earnings (excluding 41 cents from non-recurring items) of $2.83 per share beat the Zacks Consensus Estimate of $2.72 by 4.04% and increased 22% year over year. Revenues climbed 8.1% year over year to $3.12 billion but missed the consensus mark of $3.18 billion by 2%. Wabtec’s 12-month backlog increased 8.8% to $8.99 billion.