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Joby Aviation Inc. (NYSE: JOBY) delivered its second-quarter report after Wednesday's closing bell, and the numbers tell an interesting story. The company beat revenue expectations handily and raised its full-year outlook, even though the bottom line came in a bit softer than hoped.
Here's a closer look at what came out of the report.
Joby reported a quarterly loss of 25 cents per share, which missed the consensus estimate for a loss of 23 cents, according to market data.
Revenue, however, was the bright spot. The company pulled in $38.64 million for the quarter, beating the analyst consensus estimate of $30.38 million by 27.18%. That's a massive jump from the $15,000 in revenue reported in the same period last year, showing how quickly the company is scaling up.
"With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time back and fundamentally changing the way we move," said JoeBen Bevirt, founder and CEO.
Looking forward, Joby raised its full-year 2026 total revenue outlook to a range of $115 million to $125 million, versus the $114.93 million analyst estimate. That's a vote of confidence in the company's trajectory.
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