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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.
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