Joby rises 11.9% after it raises 2026 revenue guidance on record Blade quarter

What happened

Joby (JOBY) rose 11.9% on November 6, 2026, after it raised 2026 revenue guidance following a record quarter for sales tied to its Blade passenger service. The gain followed the company's third-quarter report that MarketBeat said prompted the guidance increase, and executives reiterated work on electric air taxi certification aiming for early commercial flights in 2027. Trading volume was 1.5 times its 20-day average as the stock outpaced both the market and its sector.

How big was the move

The stock closed at $5.93, a rise of 11.9% that was 3.8 times a typical daily move for this stock. Trading at 1.5 times its 20-day average signaled heavier-than-normal investor interest. Over the last five sessions the stock rose 21.0% while the S&P 500 over five sessions fell 2.7% and the Industrials sector median on the day rose 1.1%.

Compared with its sector, the move was 10.8 percentage points better than the sector median. Market sensitivity is captured by a beta of 2.32, meaning the stock tends to move more than the market. In the past five years the stock had 24 sessions with a gain of at least 11.9%; twenty trading days later the median result was a decline of 1.4%, and 12 of 24 were higher.

The technical picture

The stock traded 20.7% above its 20-day moving average and 3.6% above its 50-day moving average, while remaining 29.3% below its 200-day moving average. The 50-day average sits below the 200-day average, a sign of a weak longer-term trend. The Relative Strength Index (14 days) stood at 65, inside a neutral range between 30 and 70.

The stock is 65.3% below the 52-week high. Over one month the stock rose 3.1%, over three months it fell 32.7% and over one year it fell 60.5%, which is 69.0 percentage points behind the S&P 500. Volatility was 49% annualized over 60 days, lower than 96% of its own readings over five years.

Fundamentals and valuation

For the four quarters through September 30, 2026, revenue was $148.8 million, which grew 557.2% from a year earlier. Diluted earnings per share for that period were $-0.73. Gross margin stood at 21.8% (a year earlier: 12.4%), while operating margin was 658.1% (a year earlier: 2926.6%). Free-cash-flow margin was 527.2% and return on invested capital was 33.5%.

Share count over one year increased by 15.9%. The company's market value stood at $5.89 billion and free-cash-flow yield was 16.1%. Those figures show rapid top-line growth and expanding gross margin, linked to increased Blade-related sales and other activity. At the same time, the company reported negative diluted earnings per share for the trailing year. Operating margin and free-cash-flow margin appear large in the data provided; readers should view them alongside recent financing and accounting items. The increase in share count can dilute per-share metrics even as cash flows improve.

PromtFinance scores rank Value 4 (Very weak), Growth 50 (Neutral), Quality 5 (Very weak), Momentum 13 (Very weak), Revisions 51 (Neutral) and Stability 17 (Very weak). Those scores indicate the stock rates poorly on traditional value and quality metrics within its sector, while growth and revisions sit near the middle of the range.

Earnings and analyst expectations

Joby last reported on November 4, 2026, with earnings per share of $-0.22 against $-0.25 expected, 11.5% above estimates. That beat marked one consecutive quarter beating estimates and an average surprise over the last four reports of 19.3% above estimates. The typical two-day reaction after recent reports was that the stock rose 0.5%.

Eight analysts cover the stock; the consensus rating is Hold. The consensus price target is $11.75, which is 98.1% above the closing price. Analyst coverage is thin relative to larger Industrials names, and the wide gap between the target and the market price signals continued disagreement about the timing and size of Joby's commercial ramp.

What to watch

• February 24, 2027: next scheduled earnings report
• MarketBeat: company raised 2026 revenue guidance after a record third quarter tied to Blade passenger sales
• Trading volume was 1.5 times its 20-day average on November 6, 2026
• The stock is 65.3% below its 52-week high and 29.3% below its 200-day moving average
• Consensus price target $11.75, 98.1% above the closing price