Joby Aviation jumps 9% on raised guidance as Archer and EHang sit out the eVTOL rally
NEW YORK, Aug. 7. Joby Aviation (NYSE: JOBY) shares climbed 9% to $8.47 by midday Thursday after the electric air taxi maker raised its full-year 2026 revenue guidance to $115 million to $125 million and reported second-quarter revenue that beat the Street consensus by 27.2%. Archer Aviation (NYSE: ACHR) and EHang Holdings (NASDAQ: EH) did not follow the move.
Key takeaways
- Joby Aviation shares rose 9% to $8.47 by midday Thursday after it raised full-year 2026 revenue guidance to $115 million to $125 million.
- Joby's Q2 revenue of $38.6 million beat the consensus estimate of $30.4 million by 27.2%, with GAAP EPS of -$0.25.
- The guidance raise was powered by Joby's Blade passenger business, which contributed about $36.2 million in Q2 revenue with seats flown up more than 50% year over year.
- Rivals did not follow Joby's move, with Archer Aviation roughly flat at $5.21 and EHang down 1% to $5.30.
- Joby remains down 41% year to date through Wednesday's close, while Archer is down 31% and EHang is down 61% year to date.
NEW YORK, Aug. 7. Joby Aviation (NYSE: JOBY) shares climbed 9% to $8.47 by midday Thursday after the electric air taxi maker raised its full-year 2026 revenue guidance to $115 million to $125 million and reported second-quarter revenue that beat the Street consensus by 27.2%. Archer Aviation (NYSE: ACHR) and EHang Holdings (NASDAQ: EH) did not follow the move.
Q2 results and the guidance raise
Joby's second-quarter revenue came in at $38.6 million against a $30.4 million consensus estimate. GAAP earnings per share were -$0.25, compared with a -$0.2345 estimate. The company reported approximately $2.3 billion in cash and short-term investments as of June 30.
The raised guidance, up from a prior range of $105 million to $115 million, was powered by the Blade passenger business. Blade contributed approximately $36.2 million in second-quarter revenue, with seats flown rising more than 50% year over year, the company said.
CEO JoeBen Bevirt, in remarks accompanying the release, said the company is working to turn electric vertical flight into an everyday reality.
Fleet status and the new Texas hub
Joby said it achieved its strongest quarterly progress yet in the fifth and final stage of FAA type certification. Five aircraft are flying and 12 more are in production. The company's manufacturing joint venture with Toyota Motor (NYSE: TM) remains central to its scale plans.
Separately Thursday, Joby announced a new 45,000-square-foot facility at Perot Field Fort Worth Alliance Airport in Texas. First eIPP flights at the hub are expected in September. The company is also partnering with Atoms, the industrial-AI and infrastructure company founded by Travis Kalanick, on multimodal transportation hubs. First passengers remain targeted for 2026.
The broader market offered no sector tailwind. The Invesco QQQ Trust (NASDAQ: QQQ), which tracks the Nasdaq 100, was down 0.4% to $714.46 at midday.
Where Archer and EHang stand
Archer Aviation (NYSE: ACHR) held roughly flat at $5.21, with the company's own second-quarter earnings due Aug. 10 after the close. Archer this week announced an aviation-AI model called ZEE that predicts aircraft movements across airport surfaces, and completed a piloted round-trip Midnight flight between Salinas and Monterey. No customer, contract value, or commercialization timeline was disclosed for ZEE. Archer shares are down 31% year to date.
EHang Holdings (NASDAQ: EH) slid 1% to $5.30, with no fresh company-specific catalyst. EHang has been the group's worst performer this year, down 61% year to date, after revenue misses in the first and second quarters of 2026.
JOBY itself remains down 41% year to date through Wednesday's close, before Thursday's session.