Joby Aviation (JOBY) AI Stock Analysis

Company Guidance

Joby plans 4 credit testing over the next quarter, expects FAA pilots to train on its aircraft and complete company flight testing in the first half of next year, and expects to begin the final journey towards type certification in the first half of this coming year; it plans to begin operational flight testing in Dubai later this year with a pilot on board, expects eIPP commercial operations next year, and expects the Resonant Sciences deal to close ahead of its next results call, subject to receipt of regulatory approvals and other closing conditions. Joby raised full year total revenue guidance to $135 million to $140 million from $115 million to $125 million, expects Q4 to step down as it does every year, and noted that last year's fourth quarter included roughly $8 million of onetime demonstration revenue in Japan; it continues to expect second half use of cash, cash equivalents and short-term investments to be between $385 million and $415 million, expects the $450 million Resonant payment early next year, Toyota's $250 million investment in the first half of the year subject to closing conditions, and said 2027 guidance would be provided in the February call.